RPC, Inc. (NYSE:RES) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Shares of RPC have an average analyst rating of Reduce from five analysts (one sell, four hold) and a 1‑year consensus target of $5.25, below the recent share price (~$6.82).
• The company reported Q4 EPS of $0.04, missing the $0.07 consensus while revenue of $425.78M beat estimates and rose 26.9% year‑over‑year.
• RPC pays a quarterly dividend of $0.04 (annualized $0.16, ~2.3% yield) but has a dividend payout ratio of 106.67%, indicating the payout may be unsustainably high relative to earnings.

Shares of RPC, Inc. (NYSE:RES - Get Free Report) have earned an average rating of "Reduce" from the five analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $5.25.

RES has been the topic of several recent analyst reports. Wall Street Zen lowered shares of RPC from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. Citigroup lifted their price objective on shares of RPC from $5.75 to $6.00 and gave the stock a "neutral" rating in a research note on Thursday, December 11th. Weiss Ratings reissued a "hold (c-)" rating on shares of RPC in a research note on Monday, December 29th. Susquehanna lifted their price objective on shares of RPC from $5.50 to $6.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 7th. Finally, Piper Sandler reissued an "underweight" rating on shares of RPC in a research note on Thursday, December 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in RPC by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,660,219 shares of the oil and gas company's stock worth $63,432,000 after acquiring an additional 213,956 shares during the last quarter. State Street Corp lifted its stake in RPC by 6.1% in the fourth quarter. State Street Corp now owns 4,049,407 shares of the oil and gas company's stock valued at $22,029,000 after buying an additional 233,646 shares in the last quarter. American Century Companies Inc. lifted its stake in RPC by 8.4% in the third quarter. American Century Companies Inc. now owns 3,960,190 shares of the oil and gas company's stock valued at $18,851,000 after buying an additional 308,361 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in RPC by 31.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,800,246 shares of the oil and gas company's stock valued at $13,245,000 after buying an additional 670,432 shares in the last quarter. Finally, IES Holdings Inc. bought a new position in RPC in the fourth quarter valued at approximately $14,144,000. Institutional investors own 41.06% of the company's stock.

RPC Stock Down 1.2%

Shares of NYSE RES opened at $6.82 on Tuesday. The firm has a market capitalization of $1.51 billion, a PE ratio of 45.43 and a beta of 0.61. The company has a current ratio of 3.24, a quick ratio of 2.70 and a debt-to-equity ratio of 0.03. RPC has a 1 year low of $4.10 and a 1 year high of $7.41. The firm's 50-day moving average is $6.33 and its 200-day moving average is $5.68.

RPC (NYSE:RES - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $423.30 million. During the same period last year, the business posted $0.06 EPS. The firm's revenue for the quarter was up 26.9% compared to the same quarter last year. Equities analysts expect that RPC will post 0.31 EPS for the current year.

RPC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.16 annualized dividend and a yield of 2.3%. RPC's dividend payout ratio (DPR) is presently 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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