NYSE:RESRPC Stock Price, Forecast & News

RPC's stock was trading at $2.25 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RES shares have increased by 40.0% and is now trading at $3.15. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RPC in the last year. There are currently 6 sell ratings, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for RPC.

RPC is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for RPC.

RPC, Inc. (NYSE:RES) posted its earnings results on Wednesday, May, 6th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.06) by $0.02. The oil and gas company earned $243.80 million during the quarter, compared to the consensus estimate of $123.06 million. RPC had a negative net margin of 21.81% and a negative return on equity of 4.24%. The business's revenue was down 27.2% compared to the same quarter last year. View RPC's earnings history.

11 Wall Street analysts have issued twelve-month target prices for RPC's shares. Their forecasts range from $1.85 to $5.00. On average, they expect RPC's share price to reach $3.42 in the next year. This suggests a possible upside of 8.5% from the stock's current price. View analysts' price targets for RPC.

News stories about RES stock have been trending extremely negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. RPC earned a media sentiment score of -4.5 on InfoTrie's scale. They also gave news stories about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news aboutRPC.

RPC saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 12,190,000 shares, a decrease of 24.3% from the April 15th total of 16,100,000 shares. Based on an average daily trading volume, of 2,090,000 shares, the short-interest ratio is currently 5.8 days. Currently, 21.8% of the company's shares are short sold. View RPC's Current Options Chain.

Some companies that are related to RPC include Schlumberger (SLB), Halliburton (HAL), National-Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), Seacor (CKH), Oceaneering International (OII), Helix Energy Solutions Group (HLX), Matrix Service (MTRX), Oil States International (OIS), Tidewater (TDW), Newpark Resources (NR), Era Group (ERA), Geospace Technologies (GEOS) and Natural Gas Services Group (NGS). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other RPC investors own include Chesapeake Energy (CHK), Energy Transfer LP Unit (ET), Ford Motor (F), QEP Resources (QEP), El Pollo LoCo (LOCO), Oasis Petroleum (OAS), AT&T (T), Advanced Micro Devices (AMD), Centurylink (CTL) and Enterprise Products Partners (EPD).

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

RPC's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.01%), Alliancebernstein L.P. (1.93%), Van ECK Associates Corp (1.44%), Gamco Investors INC. ET AL (1.30%), Gabelli Funds LLC (1.13%) and Aristotle Capital Boston LLC (1.12%). View institutional ownership trends for RPC.

RES stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Public Sector Pension Investment Board, Jane Street Group LLC, Virtus ETF Advisers LLC, Two Sigma Investments LP, Voloridge Investment Management LLC, First Trust Advisors LP, and Canada Pension Plan Investment Board. View insider buying and selling activity for RPC.

RES stock was bought by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Federated Hermes Inc., Deutsche Bank AG, JPMorgan Chase & Co., Morgan Stanley, Parametric Portfolio Associates LLC, Citigroup Inc., and State Street Corp. View insider buying and selling activity for RPC.

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

One share of RES stock can currently be purchased for approximately $3.15.

RPC has a market capitalization of $678.07 million and generates $1.22 billion in revenue each year. The oil and gas company earns $-87,110,000.00 in net income (profit) each year or ($0.12) on an earnings per share basis. RPC employs 2,700 workers across the globe.

The official website for RPC is www.rpc.net.

RPC's mailing address is 2801 BUFORD HIGHWAY SUITE 300, ATLANTA GA, 30329. The oil and gas company can be reached via phone at 404-321-2140 or via email at [email protected]