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NYSE:RES

RPC (RES) Stock Price, News & Analysis

$6.78
+0.02 (+0.30%)
(As of 05/24/2024 08:50 PM ET)
Today's Range
$6.70
$6.82
50-Day Range
$6.55
$8.04
52-Week Range
$6.34
$9.41
Volume
1.19 million shs
Average Volume
1.60 million shs
Market Capitalization
$1.45 billion
P/E Ratio
9.69
Dividend Yield
2.36%
Price Target
$7.50

RPC MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
10.6% Upside
$7.50 Price Target
Short Interest
Healthy
13.46% 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
49.30%
From $0.71 to $1.06 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.48 out of 5 stars

Oils/Energy Sector

82nd out of 239 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

8th out of 18 stocks

RES stock logo

About RPC Stock (NYSE:RES)

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. 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. It operates in the United States, Africa, Canada, Argentina, China, Mexico, Latin America, the Middle East, and internationally. The company was incorporated in 1984 and is headquartered in Atlanta, Georgia.

RES Stock Price History

RES Stock News Headlines

RPC, Inc. (NYSE:RES) Q1 2024 Earnings Call Transcript
RPC (NYSE:RES) Is Due To Pay A Dividend Of $0.04
RPC, Inc. (RES) Q1 2024 Earnings Call Transcript
RPC: Q1 Earnings Snapshot
RPC Inc. Q1 Profit Decreases, misses estimates
CPK: Raising target price to $109.00
RPC, Inc.
RPC (NYSE:RES) Could Be A Buy For Its Upcoming Dividend
RPC, Inc. (NYSE:RES) Q4 2023 Earnings Call Transcript
RPC Inc. Q4 Profit Decreases, but beats estimates
RPC (RES) Q4 Earnings and Revenues Surpass Estimates
See More Headlines
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Company Calendar

Ex-Dividend for 3/11 Dividend
2/08/2024
Dividend Payable
3/11/2024
Last Earnings
4/25/2024
Ex-Dividend for 6/10 Dividend
5/09/2024
Today
5/26/2024
Dividend Payable
6/10/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
74966010
Employees
2,691
Year Founded
1984

Price Target and Rating

Average Stock Price Target
$7.50
High Stock Price Target
$8.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+10.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$195.11 million
Pretax Margin
13.10%

Debt

Sales & Book Value

Annual Sales
$1.62 billion
Cash Flow
$1.46 per share
Book Value
$4.82 per share

Miscellaneous

Free Float
84,881,000
Market Cap
$1.45 billion
Optionable
Optionable
Beta
1.65

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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 year. 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 Wall Street research analysts have issued twelve-month price objectives for RPC's shares. Their RES share price targets range from $7.00 to $8.00. On average, they anticipate the company's stock price to reach $7.50 in the next year. This suggests a possible upside of 10.6% 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 2024?

RPC's stock was trading at $7.28 at the start of the year. Since then, RES shares have decreased by 6.9% and is now trading at $6.78.
View the best growth stocks for 2024 here
.

When is RPC's next earnings date?

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

How were RPC's earnings last quarter?

RPC, Inc. (NYSE:RES) posted its earnings results on Thursday, April, 25th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by $0.06. The oil and gas company earned $377.80 million during the quarter, compared to analyst estimates of $393.33 million. RPC had a trailing twelve-month return on equity of 15.02% and a net margin of 9.95%. RPC's quarterly revenue was down 20.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS.

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

RPC announced a quarterly dividend on Thursday, April 25th. Investors of record on Friday, May 10th will be paid a dividend of $0.04 per share on Monday, June 10th. This represents a $0.16 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, May 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 2.36%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RES will have a dividend payout ratio of 15.09% 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 authorized a share repurchase program on Wednesday, April 26th 2023, which authorizes the company to buyback 8,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (4.88%), Gamco Investors INC. ET AL (1.40%), Van ECK Associates Corp (1.40%), Gabelli Funds LLC (1.06%), Empowered Funds LLC (0.36%) and Principal Financial Group Inc. (0.21%). Insiders that own company stock include Amy Rollins Kreisler, Ben M Palmer, Gary W Rollins, Lor Inc, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 5/27/2024 by MarketBeat.com Staff

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