RPC (RES) Scheduled to Post Quarterly Earnings on Thursday

RPC (NYSE:RES - Get Free Report) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.

RPC (NYSE:RES - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $394.50 million for the quarter, compared to analyst estimates of $374.22 million. RPC had a net margin of 12.06% and a return on equity of 21.26%. The firm's revenue was down 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. On average, analysts expect RPC to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

RPC Price Performance

Shares of RES traded up $0.16 during mid-day trading on Thursday, reaching $7.81. 1,895,915 shares of the company's stock were exchanged, compared to its average volume of 1,582,303. The business's fifty day simple moving average is $7.55 and its 200-day simple moving average is $7.55. RPC has a 52-week low of $6.34 and a 52-week high of $9.41. The stock has a market capitalization of $1.68 billion, a PE ratio of 8.68 and a beta of 1.60.

RPC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 9th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Thursday, February 8th. RPC's dividend payout ratio (DPR) is currently 17.78%.

Hedge Funds Weigh In On RPC

A number of institutional investors have recently made changes to their positions in RES. Quarry LP grew its stake in RPC by 84.0% during the 1st quarter. Quarry LP now owns 3,764 shares of the oil and gas company's stock worth $29,000 after buying an additional 1,718 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of RPC by 54.2% during the third quarter. Public Employees Retirement System of Ohio now owns 4,565 shares of the oil and gas company's stock valued at $32,000 after purchasing an additional 1,605 shares during the last quarter. International Assets Investment Management LLC lifted its stake in RPC by 632.1% in the 4th quarter. International Assets Investment Management LLC now owns 5,125 shares of the oil and gas company's stock worth $37,000 after acquiring an additional 4,425 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in RPC by 165.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,076 shares of the oil and gas company's stock worth $46,000 after acquiring an additional 3,163 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. purchased a new stake in RPC in the 4th quarter worth about $48,000. 41.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Susquehanna lifted their price target on RPC from $6.50 to $8.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th.

About RPC

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.