BNP Paribas Financial Markets Buys 65,359 Shares of RPC, Inc. (NYSE:RES)

BNP Paribas Financial Markets boosted its holdings in shares of RPC, Inc. (NYSE:RES - Free Report) by 30.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 280,926 shares of the oil and gas company's stock after acquiring an additional 65,359 shares during the quarter. BNP Paribas Financial Markets owned 0.13% of RPC worth $1,669,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Franklin Resources Inc. boosted its position in RPC by 3.8% during the 4th quarter. Franklin Resources Inc. now owns 48,030 shares of the oil and gas company's stock worth $285,000 after acquiring an additional 1,758 shares during the period. Steward Partners Investment Advisory LLC boosted its position in RPC by 9.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,950 shares of the oil and gas company's stock worth $130,000 after acquiring an additional 1,850 shares during the period. Inspire Investing LLC boosted its position in RPC by 3.9% during the 4th quarter. Inspire Investing LLC now owns 66,994 shares of the oil and gas company's stock worth $398,000 after acquiring an additional 2,500 shares during the period. Comerica Bank boosted its position in RPC by 3.6% during the 4th quarter. Comerica Bank now owns 86,007 shares of the oil and gas company's stock worth $511,000 after acquiring an additional 2,979 shares during the period. Finally, Aquatic Capital Management LLC boosted its position in RPC by 3.9% during the 4th quarter. Aquatic Capital Management LLC now owns 80,637 shares of the oil and gas company's stock worth $479,000 after acquiring an additional 3,037 shares during the period. 41.06% of the stock is currently owned by institutional investors and hedge funds.

RPC Stock Down 0.6%

RES stock traded down $0.03 during trading hours on Friday, hitting $4.51. The company's stock had a trading volume of 918,797 shares, compared to its average volume of 1,684,469. The company has a market capitalization of $993.65 million, a PE ratio of 10.48 and a beta of 0.86. RPC, Inc. has a 12 month low of $4.10 and a 12 month high of $7.54. The stock has a 50 day moving average price of $4.96 and a two-hundred day moving average price of $5.67.

RPC (NYSE:RES - Get Free Report) last posted its earnings results on Thursday, April 24th. The oil and gas company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $332.88 million during the quarter, compared to the consensus estimate of $326.72 million. RPC had a return on equity of 8.62% and a net margin of 6.46%. The business's revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 earnings per share. Sell-side analysts expect that RPC, Inc. will post 0.31 earnings per share for the current year.

RPC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, May 9th. RPC's payout ratio is 44.44%.

Analyst Ratings Changes

RES has been the subject of several research reports. Susquehanna reduced their price target on RPC from $6.00 to $5.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Citigroup upgraded shares of RPC from a "sell" rating to a "neutral" rating and reduced their target price for the company from $5.50 to $4.75 in a research note on Tuesday, April 8th.

RPC Profile

RPC, Inc, through its subsidiaries, engages provision of a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells.