Stifel Nicolaus Lowers RPC (NYSE:RES) Price Target to $5.00

RPC (NYSE:RES - Get Free Report) had its price objective decreased by stock analysts at Stifel Nicolaus from $6.00 to $5.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the oil and gas company's stock. Stifel Nicolaus' price target points to a potential upside of 5.60% from the stock's current price.

Several other equities research analysts have also weighed in on RES. Susquehanna lowered their target price on shares of RPC from $6.00 to $5.50 and set a "neutral" rating on the stock in a report on Monday, April 14th. Citigroup upgraded shares of RPC from a "sell" rating to a "neutral" rating and reduced their price target for the stock from $5.50 to $4.75 in a research report on Tuesday, April 8th. Finally, Piper Sandler set a $5.00 price target on shares of RPC and gave the stock an "underweight" rating in a research report on Monday.

RPC Price Performance

Shares of RES traded down $0.01 during trading hours on Wednesday, hitting $4.74. The stock had a trading volume of 663,372 shares, compared to its average volume of 1,634,988. The company's fifty day moving average is $4.85 and its two-hundred day moving average is $5.36. RPC has a 52 week low of $4.10 and a 52 week high of $7.53. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 13.15 and a beta of 0.85.

RPC (NYSE:RES - Get Free Report) last posted its earnings results on Thursday, April 24th. The oil and gas company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). RPC had a return on equity of 7.08% and a net margin of 5.55%. The firm had revenue of $332.88 million during the quarter, compared to the consensus estimate of $326.72 million. During the same period in the previous year, the company posted $0.13 EPS. The firm's revenue for the quarter was down 11.9% compared to the same quarter last year. Equities analysts predict that RPC will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. State of Wyoming acquired a new position in RPC during the 1st quarter valued at about $53,000. Raymond James Financial Inc. acquired a new position in RPC during the 4th quarter valued at about $64,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in RPC during the 1st quarter valued at about $64,000. Vise Technologies Inc. acquired a new position in RPC during the 4th quarter valued at about $66,000. Finally, Renaissance Technologies LLC acquired a new position in RPC during the 4th quarter valued at about $68,000. 41.06% of the stock is currently owned by institutional investors and hedge funds.

RPC Company 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.