RPC (RES) Stock Forecast, Price & News

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.

2 Wall Street research analysts have issued 1-year target prices for RPC's shares. Their RES share price forecasts range from $7.00 to $7.50. On average, they anticipate the company's stock price to reach $7.25 in the next twelve months. This suggests that the stock has a possible downside of 21.5%.
View analysts price targets for RES or view top-rated stocks among Wall Street analysts.

RPC's stock was trading at $8.89 at the start of the year. Since then, RES shares have increased by 3.8% and is now trading at $9.23.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our RES earnings forecast.

RPC, Inc. (NYSE:RES) posted its quarterly earnings data on Wednesday, July, 26th. The oil and gas company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by $0.13. The oil and gas company earned $415.90 million during the quarter, compared to the consensus estimate of $480.20 million. RPC had a net margin of 15.97% and a trailing twelve-month return on equity of 34.87%. The business's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share.

RPC declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.04 per share on Monday, September 11th. This represents a $0.16 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, August 9th.
Read our dividend analysis for RES.

ETFs with the largest weight of RPC (NYSE:RES) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ), SPDR S&P Oil & Gas Equipment & Services ETF (XES), VanEck Oil Services ETF (OIH), Invesco S&P SmallCap Energy ETF (PSCE) and Direxion Daily Oil Services Bull 2X Shares (ONG).iShares U.S. Oil Equipment & Services ETF (IEZ).

RPC (NYSE:RES) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.82%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RES will have a dividend payout ratio of 11.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RES.

RPC declared that its Board of Directors has initiated a share buyback program on Wednesday, April 26th 2023, which permits the company to buyback 8,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's board believes its stock is undervalued.

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.

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).

RPC trades on the New York Stock Exchange (NYSE) under the ticker symbol "RES."

RPC's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.09%), Dimensional Fund Advisors LP (3.18%), Van ECK Associates Corp (1.96%), State Street Corp (1.71%), Gamco Investors INC. ET AL (1.42%) and Gamco Investors INC. ET AL (1.42%). 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.
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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.
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One share of RES stock can currently be purchased for approximately $9.23.

RPC (NYSE:RES) has a market capitalization of $2.00 billion and generates $1.60 billion in revenue each year. The oil and gas company earns $218.36 million in net income (profit) each year or $1.35 on an earnings per share basis.

The company employs 2,732 workers across the globe.

RPC's mailing address is 2801 BUFORD HIGHWAY SUITE 300, ATLANTA GA, 30329. The official website for the company is www.rpc.net. The oil and gas company can be reached via phone at (404) 321-2140, via email at jlanders@rpc.net, or via fax at 404-321-5483.