RPC, Inc. (NYSE:RES) Receives Average Rating of "Reduce" from Brokerages

Key Points

• Analyst sentiment: Five brokerages give RPC a consensus rating of "Reduce" (one sell, four holds) with an average 12‑month price target of $5.50, well below the recent ~\$7.64 share price.
• Quarterly results: RPC reported EPS of $0.04, missing the $0.07 consensus while revenue of $425.8M slightly beat estimates and rose 26.9% year‑over‑year; analysts forecast about $0.18 EPS for the fiscal year.
• Dividend & payout: RPC declared a $0.04 quarterly dividend (annualized $0.16, ~2.1% yield) but carries a payout ratio of 106.7%, suggesting the dividend may be unsustainably high relative to earnings.

RPC, Inc. (NYSE:RES - Get Free Report) has earned a consensus recommendation of "Reduce" from the five brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $5.50.

RES has been the topic of several research analyst reports. Wall Street Zen cut shares of RPC from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. Susquehanna lifted their price target on shares of RPC from $6.00 to $7.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of RPC in a report on Tuesday, April 14th.

Hedge Funds Weigh In On RPC

A number of institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC increased its position in RPC by 1.1% during the first quarter. AQR Capital Management LLC now owns 544,365 shares of the oil and gas company's stock valued at $2,994,000 after acquiring an additional 5,914 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in RPC by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,558 shares of the oil and gas company's stock valued at $278,000 after acquiring an additional 2,190 shares during the period. Strs Ohio purchased a new position in RPC in the first quarter worth about $92,000. Rhumbline Advisers grew its stake in shares of RPC by 3.2% during the 2nd quarter. Rhumbline Advisers now owns 306,126 shares of the oil and gas company's stock valued at $1,448,000 after purchasing an additional 9,481 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of RPC by 51,372.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 118,386 shares of the oil and gas company's stock valued at $560,000 after purchasing an additional 118,156 shares during the period. 41.06% of the stock is currently owned by hedge funds and other institutional investors.

RPC Stock Down 3.1%

RPC stock opened at $7.64 on Friday. RPC has a 12 month low of $4.18 and a 12 month high of $8.16. The stock has a fifty day simple moving average of $6.79 and a two-hundred day simple moving average of $5.98. The company has a current ratio of 3.24, a quick ratio of 2.70 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 50.90 and a beta of 0.69.

RPC (NYSE:RES - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.03). RPC had a net margin of 1.97% and a return on equity of 5.24%. The business had revenue of $425.78 million for the quarter, compared to the consensus estimate of $423.30 million. During the same period in the previous year, the company earned $0.06 earnings per share. The company's revenue for the quarter was up 26.9% compared to the same quarter last year. Equities analysts predict that RPC will post 0.18 EPS for the current fiscal year.

RPC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, May 11th. This represents a $0.16 dividend on an annualized basis and a yield of 2.1%. RPC's payout ratio is currently 106.67%.

RPC Company Profile

RPC, Inc NYSE: RES provides essential equipment and services to companies engaged in the exploration, production and maintenance of oil and natural gas wells. The firm operates as an equity interest holding company, partnering with a network of independent service businesses to deliver a comprehensive suite of offerings for well completion and production operations.

Through its affiliated service companies, RPC offers pressure pumping and fracturing services, coiled tubing and nitrogen pumping, downhole tools and telemetry solutions, well intervention and workover services, along with rental tools and supply-chain logistics.

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