RPC (RES) Projected to Post Earnings on Thursday

RPC (NYSE:RES - Get Free Report) is expected to release its Q2 2025 earnings data before the market opens on Thursday, July 24th. Analysts expect RPC to post earnings of $0.09 per share and revenue of $421.08 million for the quarter.

RPC (NYSE:RES - Get Free Report) last released its earnings results on Thursday, April 24th. The oil and gas company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). RPC had a net margin of 5.55% and a return on equity of 7.08%. The business had revenue of $332.88 million for the quarter, compared to the consensus estimate of $326.72 million. During the same period in the prior year, the company posted $0.13 EPS. The company's quarterly revenue was down 11.9% compared to the same quarter last year. On average, analysts expect RPC to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

RPC Stock Up 2.0%

Shares of NYSE RES traded up $0.10 during midday trading on Thursday, reaching $4.75. 1,704,108 shares of the company's stock traded hands, compared to its average volume of 1,710,095. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 13.18 and a beta of 0.85. The stock's 50 day simple moving average is $4.85 and its 200-day simple moving average is $5.36. RPC has a one year low of $4.10 and a one year high of $7.54.

RPC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Friday, May 9th. RPC's payout ratio is currently 44.44%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in shares of RPC during the 1st quarter worth approximately $92,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in RPC by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,558 shares of the oil and gas company's stock worth $278,000 after purchasing an additional 2,190 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of 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 worth $2,994,000 after buying an additional 5,914 shares in the last quarter. 41.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RES. Stifel Nicolaus lowered their target price on shares of RPC from $6.00 to $5.00 and set a "hold" rating for the company in a research note on Wednesday. Piper Sandler set a $5.00 price target on RPC and gave the stock an "underweight" rating in a research report on Monday. Susquehanna decreased their target price on RPC from $6.00 to $5.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Citigroup raised RPC from a "sell" rating to a "neutral" rating and decreased their price objective for the company from $5.50 to $4.75 in a report on Tuesday, April 8th.

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.