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QQQ   392.17
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Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
All the trading advice you’ve ever received boils down to this (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
All the trading advice you’ve ever received boils down to this (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
All the trading advice you’ve ever received boils down to this (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
All the trading advice you’ve ever received boils down to this (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
All the trading advice you’ve ever received boils down to this (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
All the trading advice you’ve ever received boils down to this (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
All the trading advice you’ve ever received boils down to this (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
All the trading advice you’ve ever received boils down to this (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
All the trading advice you’ve ever received boils down to this (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months

RPC (RES) Stock Price, News & Analysis

$7.04
+0.09 (+1.29%)
(As of 12/8/2023 08:57 PM ET)
Compare
Today's Range
$6.95
$7.16
50-Day Range
$6.96
$9.15
52-Week Range
$6.54
$10.32
Volume
1.61 million shs
Average Volume
1.41 million shs
Market Capitalization
$1.52 billion
P/E Ratio
6.34
Dividend Yield
2.27%
Price Target
$7.75

RPC MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
10.1% Upside
$7.75 Price Target
Short Interest
Bearish
9.66% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
1.11%
From $0.90 to $0.91 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.75 out of 5 stars

Oils/Energy Sector

181st out of 222 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

15th out of 18 stocks


RES stock logo

About RPC Stock (NYSE:RES)

RPC, Inc., through its subsidiaries, provides 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. It 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. The Support Services segment provides a range of rental tools for onshore and offshore oil and gas well drilling, completion, and workover activities. This segment also offers oilfield pipe inspection, and pipe management and storage services, as well as well control training and consulting services. The company operates in the United States, Africa, Canada, Argentina, China, Mexico, Latin America, the Middle East, and internationally. RPC, Inc. was founded in 1984 and is headquartered in Atlanta, Georgia.

RES Stock Price History

RES Stock News Headlines

Why Is RPC (RES) Down 11.7% Since Last Earnings Report?
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RPC Caught In The Market's Crosswinds
RPC Inc RES
RPC (RES) Q3 Earnings Lag Estimates, Revenues Fall Y/Y
The RPC Inc (RES) Company: A Short SWOT Analysis
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
RPC, Inc. (NYSE:RES) Q3 2023 Earnings Call Transcript
RPC declares $0.04 dividend
RPC Inc. Q3 Profit Decreases, misses estimates
RPC, Inc. Reports Third Quarter 2023 Financial Results
RPC Q3 2023 Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
10/25/2023
Ex-Dividend for 12/11 Dividend
11/09/2023
Today
12/11/2023
Dividend Payable
12/11/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/24/2024

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
74966010
Employees
2,732
Year Founded
1984

Price Target and Rating

Average Stock Price Target
$7.75
High Stock Price Target
$8.00
Low Stock Price Target
$7.50
Potential Upside/Downside
+10.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$218.36 million
Pretax Margin
18.61%

Debt

Sales & Book Value

Annual Sales
$1.70 billion
Cash Flow
$1.42 per share
Book Value
$3.96 per share

Miscellaneous

Free Float
84,400,000
Market Cap
$1.52 billion
Optionable
Optionable
Beta
1.67

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RES Stock Analysis - Frequently Asked Questions

Should I buy or sell RPC stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RPC in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" RES shares.
View RES analyst ratings
or view top-rated stocks.

What is RPC's stock price target for 2024?

2 analysts have issued 12-month price targets for RPC's stock. Their RES share price targets range from $7.50 to $8.00. On average, they predict the company's stock price to reach $7.75 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
View analysts price targets for RES
or view top-rated stocks among Wall Street analysts.

How have RES shares performed in 2023?

RPC's stock was trading at $8.89 on January 1st, 2023. Since then, RES shares have decreased by 20.8% and is now trading at $7.04.
View the best growth stocks for 2023 here
.

When is RPC's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our RES earnings forecast
.

How were RPC's earnings last quarter?

RPC, Inc. (NYSE:RES) released its quarterly earnings data on Wednesday, October, 25th. The oil and gas company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.24 by $0.16. The oil and gas company had revenue of $330.42 million for the quarter, compared to analysts' expectations of $377.70 million. RPC had a net margin of 14.19% and a trailing twelve-month return on equity of 27.38%.

How often does RPC pay dividends? What is the dividend yield for RPC?

RPC declared a quarterly dividend on Wednesday, October 25th. Investors of record on Friday, November 10th will be paid a dividend of $0.04 per share on Monday, December 11th. This represents a $0.16 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, November 9th.
Read our dividend analysis for RES
.

Is RPC a good dividend stock?

RPC (NYSE:RES) pays an annual dividend of $0.16 per share and currently has a dividend yield of 2.27%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RES will have a dividend payout ratio of 17.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RES.

How will RPC's stock buyback program work?

RPC announced that its board has initiated a share buyback program on Wednesday, April 26th 2023, which authorizes the company to buyback 8,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

What is Richard A. Hubbell's approval rating as RPC's CEO?

8 employees have rated RPC Chief Executive Officer Richard A. Hubbell on Glassdoor.com. Richard A. Hubbell has an approval rating of 52% among the company's employees. This puts Richard A. Hubbell in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of RPC own?

Based on aggregate information from My MarketBeat watchlists, some companies that other RPC investors own include Chesapeake Energy (CHKAQ), Energy Transfer (ET), Ford Motor (F), QEP Resources (QEP), Oasis Petroleum (OAS), General Electric (GE), Lumen Technologies (LUMN), Marathon Oil (MRO), Pfizer (PFE) and AT&T (T).

Who are RPC's major shareholders?

RPC's stock is owned by a number of retail and institutional investors. Top institutional investors include Van ECK Associates Corp (1.55%), Gamco Investors INC. ET AL (1.41%), Gabelli Funds LLC (1.05%), Invesco Ltd. (0.70%), Victory Capital Management Inc. (0.63%) and Charles Schwab Investment Management Inc. (0.58%). Insiders that own company stock include Amy Rollins Kreisler, Ben M Palmer, Gary W Rollins, Harry J Cynkus, Lor Inc, Manish Potti, Pam R Rollins and Rollins Holding Company, Inc.
View institutional ownership trends
.

How do I buy shares of RPC?

Shares of RES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does RPC have any subsidiaries?
The following companies are subsidiares of RPC: Bronco Oilfield Services, Bronco Oilfield Services Inc., Chippewa Sand Company LLC, Cudd Energy Services Australia Pty Ltd, Cudd Energy Services Gabon SARL, Cudd Pressure Control Inc., Cudd Pumping Services Inc., International Training Services Inc., Patterson Services Inc., Patterson Truck Line Inc., RPC Beijing, RPC Energy International Inc., RPC Energy Services of Canada Ltd, RPC Energy de Mexico, RPC Investment Company, RPC Waste Management Services Inc., SITECH North and Central Florida, Sand Investment Company, Thru Tubing Solutions, Thru Tubing Solutions Australia Pty Ltd, and Well Control School Australia Pty Ltd.
Read More
This page (NYSE:RES) was last updated on 12/11/2023 by MarketBeat.com Staff

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