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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Will This Be the Worst U.S. Crisis Ever? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
3rd Massive Dollar Upheaval Has Started (Ad)
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
3rd Massive Dollar Upheaval Has Started (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Will This Be the Worst U.S. Crisis Ever? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
3rd Massive Dollar Upheaval Has Started (Ad)
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
3rd Massive Dollar Upheaval Has Started (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Will This Be the Worst U.S. Crisis Ever? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
3rd Massive Dollar Upheaval Has Started (Ad)
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
3rd Massive Dollar Upheaval Has Started (Ad)
NYSE:RES

RPC - RES Stock Forecast, Price & News

$7.84
+0.08 (+1.03%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$7.52
$7.88
50-Day Range
$5.84
$9.56
52-Week Range
$3.33
$12.91
Volume
944,017 shs
Average Volume
1.28 million shs
Market Capitalization
$1.70 billion
P/E Ratio
21.19
Dividend Yield
1.03%
Price Target
$11.50

RPC MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
46.7% Upside
$11.50 Price Target
Short Interest
Bearish
8.62% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.15mentions of RPC in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$45.90 M Sold Last Quarter
Proj. Earnings Growth
40.00%
From $0.55 to $0.77 Per Share

Overall MarketRank

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

2.56 out of 5 stars

Oils/Energy Sector

64th out of 258 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

9th out of 23 stocks

RES stock logo

About RPC (NYSE:RES) Stock

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. 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. The company operates in the United States, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, the Middle East, and internationally. RPC, Inc. was founded in 1984 and is headquartered in Atlanta, Georgia.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RES shares. Citigroup boosted their price objective on RPC to $10.00 and gave the stock a "na" rating in a research report on Tuesday, May 17th. StockNews.com raised RPC from a "hold" rating to a "buy" rating in a research report on Thursday, July 28th. Johnson Rice raised RPC from a "hold" rating to an "accumulate" rating and set a $13.00 price objective for the company in a research report on Wednesday, April 27th. Finally, Atb Cap Markets reaffirmed an "underperform" rating on shares of RPC in a report on Sunday, April 17th. One equities research analyst has rated the stock with a sell rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $11.50.

RPC Stock Up 1.0 %

RES traded up $0.08 on Friday, reaching $7.84. The company's stock had a trading volume of 944,017 shares, compared to its average volume of 1,277,916. The stock has a 50 day moving average of $7.25 and a two-hundred day moving average of $8.73. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 21.19 and a beta of 1.63. RPC has a fifty-two week low of $3.33 and a fifty-two week high of $12.91.

RPC (NYSE:RES - Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.12. RPC had a return on equity of 12.08% and a net margin of 6.90%. The firm had revenue of $375.51 million during the quarter, compared to the consensus estimate of $327.34 million. RPC's revenue for the quarter was up 98.9% compared to the same quarter last year. As a group, analysts anticipate that RPC will post 0.55 earnings per share for the current fiscal year.

RPC Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Wednesday, August 10th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Tuesday, August 9th. RPC's dividend payout ratio is currently 21.62%.

Insider Buying and Selling at RPC

In other RPC news, Director Gary W. Rollins sold 170,781 shares of the business's stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $7.05, for a total value of $1,204,006.05. Following the completion of the sale, the director now owns 3,160,819 shares in the company, valued at $22,283,773.95. The sale was disclosed in a document filed with the SEC, which is available through this link. In other RPC news, major shareholder Lor Inc sold 311,864 shares of the business's stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $8.85, for a total value of $2,759,996.40. Following the completion of the sale, the insider now owns 7,489,423 shares in the company, valued at $66,281,393.55. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gary W. Rollins sold 170,781 shares of the business's stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $7.05, for a total value of $1,204,006.05. Following the completion of the sale, the director now owns 3,160,819 shares of the company's stock, valued at approximately $22,283,773.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,069,494 shares of company stock worth $45,895,222. 65.90% of the stock is owned by insiders.

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RES Stock News Headlines

Why RPC (RES) is a Top Momentum Stock for the Long-Term
RPC (NYSE:RES) Stock Price Up 9.6%
RPC (NYSE:RES) Shares Gap Down to $8.16
RPC (NYSE:RES) Upgraded to "Buy" at StockNews.com
Form 10-Q RPC INC For: Jun 30 - StreetInsider.com
RPC (NYSE:RES) Shares Gap Up to $6.77
RPC: Q2 Earnings Snapshot - Greenwich Time
See More Headlines
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RES Company Calendar

Last Earnings
7/27/2022
Ex-Dividend for 9/9 Dividend
8/09/2022
Today
8/14/2022
Dividend Payable
9/09/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
74966010
Employees
2,250
Year Founded
1984

Price Target and Rating

Average Stock Price Forecast
$11.50
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+46.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$7.22 million
Pretax Margin
9.65%

Debt

Sales & Book Value

Annual Sales
$864.93 million
Cash Flow
$0.37 per share
Book Value
$3.26 per share

Miscellaneous

Free Float
73,882,000
Market Cap
$1.70 billion
Optionable
Optionable
Beta
1.63

Social Links















RES Stock - Frequently Asked Questions

Should I buy or sell RPC stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RPC in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" RES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RES, but not buy additional shares or sell existing shares.
View RES analyst ratings
or view top-rated stocks.

What is RPC's stock price forecast for 2022?

2 analysts have issued 1 year target prices for RPC's shares. Their RES share price forecasts range from $10.00 to $13.00. On average, they predict the company's stock price to reach $11.50 in the next twelve months. This suggests a possible upside of 46.7% 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 2022?

RPC's stock was trading at $4.54 on January 1st, 2022. Since then, RES shares have increased by 72.7% and is now trading at $7.84.
View the best growth stocks for 2022 here
.

When is RPC's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our RES earnings forecast
.

How were RPC's earnings last quarter?

RPC, Inc. (NYSE:RES) announced its quarterly earnings results on Wednesday, July, 27th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.12. The oil and gas company had revenue of $375.51 million for the quarter, compared to the consensus estimate of $327.34 million. RPC had a trailing twelve-month return on equity of 12.08% and a net margin of 6.90%. The company's revenue was up 98.9% on a year-over-year basis.

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

RPC announced a quarterly dividend on Wednesday, July 27th. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.02 per share on Friday, September 9th. This represents a $0.08 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Tuesday, August 9th.
Read our dividend analysis for RES
.

Is RPC a good dividend stock?

RPC (NYSE:RES) pays an annual dividend of $0.08 per share and currently has a dividend yield of 1.03%. The dividend payout ratio is 21.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RES will have a dividend payout ratio of 10.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RES.

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).

What is RPC's stock symbol?

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

Who are RPC's major shareholders?

RPC's stock is owned by a variety of institutional and retail investors. Top institutional investors include Van ECK Associates Corp (3.46%), Gamco Investors INC. ET AL (1.48%), Victory Capital Management Inc. (0.89%), Northern Trust Corp (0.34%), Principal Financial Group Inc. (0.20%) and Russell Investments Group Ltd. (0.19%). Insiders that own company stock include Ben M Palmer, Gary W Rollins, Harry J Cynkus, Lor Inc, Manish Potti 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.

What is RPC's stock price today?

One share of RES stock can currently be purchased for approximately $7.84.

How much money does RPC make?

RPC (NYSE:RES) has a market capitalization of $1.70 billion and generates $864.93 million in revenue each year. The oil and gas company earns $7.22 million in net income (profit) each year or $0.37 on an earnings per share basis.

How many employees does RPC have?

The company employs 2,250 workers across the globe.

Does RPC have any subsidiaries?

The following companies are subsidiares of RPC: 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., Sand Investment Company, Thru Tubing Solutions, Thru Tubing Solutions Australia Pty Ltd, and Well Control School Australia Pty Ltd.
Read More

When was RPC founded?

RPC was founded in 1984.

How can I contact RPC?

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.

This page (NYSE:RES) was last updated on 8/14/2022 by MarketBeat.com Staff

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