NYSE:RES

RPC - RES Stock Forecast, Price & News

$9.03

-0.23 (-2.48%)

(As of 12/1/2022 12:00 AM ET)

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Today's Range: $9.02
▼
$9.53
50-Day Range: $6.37
▼
$11.13
52-Week Range: $3.82
▼
$12.91

Volume: 686,261 shs
Average Volume: 1.41 million shs
Market Capitalization: $1.96 billion

P/E Ratio: 13.48
Dividend Yield: 0.86%
Price Target: $11.50

RPC MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 27.4% Upside
$11.50 Price Target
Short Interest: Healthy
6.46% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$11.20 M Sold Last Quarter
Proj. Earnings Growth: 45.05%
From $0.91 to $1.32 Per Share

Overall MarketRank^™

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

2.67 out of 5 stars

Oils/Energy Sector

95th out of 247 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

9th out of 20 stocks

3.0

Analyst's Opinion

Consensus Rating
RPC has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $11.50, RPC has a forecasted upside of 27.4% from its current price of $9.03.
Amount of Analyst Coverage
RPC has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
6.46% of the float of RPC has been sold short.
Short Interest Ratio / Days to Cover
RPC has a short interest ratio ("days to cover") of 5.1.
Change versus previous month
Short interest in RPC has recently decreased by 8.09%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
RPC has a dividend yield of 0.86%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
RPC does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of RPC is 11.94%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, RPC will have a dividend payout ratio of 6.06% next year. This indicates that RPC will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RES.

1.6

News and Social Media Coverage

News Sentiment
RPC has a news sentiment score of -0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for RPC this week, compared to 3 articles on an average week.
Search Interest
Only 2 people have searched for RES on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
10 people have added RPC to their MarketBeat watchlist in the last 30 days. This is an increase of 233% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, RPC insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,197,202.00 in company stock.
Percentage Held by Insiders
65.90% of the stock of RPC is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 27.15% of the stock of RPC is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for RPC are expected to grow by 45.05% in the coming year, from $0.91 to $1.32 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of RPC is 13.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of RPC is 13.48, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 47.69.
Price to Book Value per Share Ratio
RPC has a P/B Ratio of 2.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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RES Stock News Headlines

November 25, 2022 | finance.yahoo.com

Why Is RPC (RES) Down 3.6% Since Last Earnings Report?

November 23, 2022 | americanbankingnews.com

RPC (NYSE:RES) Shares Down 7.8%

November 8, 2022 | finance.yahoo.com

Are You Looking for a Top Momentum Pick? Why RPC (RES) is a Great Choice

November 8, 2022 | finance.yahoo.com

RPC Third Quarter 2022 Earnings: Beats Expectations

November 3, 2022 | finance.yahoo.com

Is RPC, Inc. (NYSE:RES) Trading At A 48% Discount?

October 26, 2022 | finance.yahoo.com

RPC (RES) Q3 Earnings and Revenues Surpass Estimates

October 26, 2022 | seekingalpha.com

RPC on the rise after strong Q3 results, upbeat demand outlook

October 26, 2022 | msn.com

RPC: Q3 Earnings Insights

October 17, 2022 | coinjournal.net

Ankr become an RPC provider to the Aptos Blockchain

October 11, 2022 | finance.yahoo.com

RPC, Inc.'s (NYSE:RES) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

October 10, 2022 | uk.finance.yahoo.com

Sports industry deals surge 433% in the past year to hit £9.6 billion - Yahoo Finance UK

October 8, 2022 | nasdaq.com

RPC (RES) Stock Moves -0.49%: What You Should Know - Nasdaq

October 5, 2022 | finance.yahoo.com

RPC, Inc. Announces Date for Third Quarter 2022 Financial Results and Conference Call

September 30, 2022 | nasdaq.com

RPC (RES) Stock Moves -1.14%: What You Should Know - Nasdaq

September 30, 2022 | finance.yahoo.com

RPC (RES) Stock Moves -1.14%: What You Should Know

September 28, 2022 | finance.yahoo.com

Pocket Network Launches Upgrade to its Decentralized Web3 Infrastructure Portal for Developers - Yahoo Finance

September 23, 2022 | nasdaq.com

Here's Why MPLX is an Attractive Investment Bet Right Now - Nasdaq

September 23, 2022 | streetinsider.com

Voxtur Closes Acquisition of Blue Water Financial Technologies and Announces Expansion of Credit Facilities and Private Placement - StreetInsider.com

September 23, 2022 | bizjournals.com

2022 Structures Awards: Developer of the Year - South Florida Business Journal - The Business Journals

September 22, 2022 | globenewswire.com

Voxtur Closes Acquisition of Blue Water Financial Technologies and Announces Expansion of Credit Facilities and Private Placement - GlobeNewswire

September 21, 2022 | nasdaq.com

RPC (RES) Stock Moves -0.56%: What You Should Know - Nasdaq

September 21, 2022 | finance.yahoo.com

RPC (RES) Stock Moves -0.56%: What You Should Know

September 21, 2022 | cnbc.com

Big business likes to trumpet ESG credentials. But a 'greenwashing' reckoning could be on the horizon - CNBC

September 19, 2022 | businesswire.com

APsystems Introduces QT2 3-Phase Microinverter for C&I Applications - Business Wire

September 17, 2022 | nasdaq.com

RPC (RES) Dips More Than Broader Markets: What You Should Know - Nasdaq

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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RES Company Calendar

Ex-Dividend for 9/9 Dividend: 8/09/2022
Dividend Payable: 9/09/2022
Last Earnings: 10/26/2022
Ex-Dividend for 12/9 Dividend: 11/09/2022
Today: 12/01/2022
Dividend Payable: 12/09/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 1/25/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Oil & gas field services, not elsewhere classified
Sub-Industry: Oil & Gas Equipment & Services
Sector: Oils/Energy
Current Symbol: NYSE:RES
CUSIP: 74966010
CIK: 742278
Web: www.rpc.net
Phone: (404) 321-2140
Fax: 404-321-5483
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: +27.4%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.67
Trailing P/E Ratio: 13.48
Forward P/E Ratio: 9.92
P/E Growth: N/A
Net Income: $7.22 million
Net Margins: 10.35%
Pretax Margin: 14.15%
Return on Equity: 20.68%
Return on Assets: 15.22%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.30
Quick Ratio: 2.83

Sales & Book Value

Annual Sales: $864.93 million
Price / Sales: 2.26
Cash Flow: $0.37 per share
Price / Cash Flow: 24.65
Book Value: $3.57 per share
Price / Book: 2.53

Miscellaneous

Outstanding Shares: 216,631,000
Free Float: 73,871,000
Market Cap: $1.96 billion
Optionable: Optionable
Beta: 1.79

Social Links

Key Executives

Mr. Richard A. Hubbell (Age 77)
Exec. Chairman
Comp: $984.41k

Mr. Ben M. Palmer (Age 62)
CEO, Pres & Director
Comp: $473.86k

Mr. Michael L. Schmit (Age 49)
CFO & Corp. Sec.

Mr. James C. Landers
VP of Corp. Fin.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RES Stock - 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 buy rating for the stock. The consensus among Wall Street research 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 2023?: 2 brokers have issued 1 year price targets for RPC's stock. Their RES share price forecasts range from $10.00 to $13.00. On average, they expect the company's share price to reach $11.50 in the next year. This suggests a possible upside of 26.0% 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 stock has increased by 101.1% and is now trading at $9.13.
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, January 25th 2023.
View our RES earnings forecast.
How were RPC's earnings last quarter?: RPC, Inc. (NYSE:RES) announced its quarterly earnings results on Wednesday, October, 26th. The oil and gas company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.07. The oil and gas company earned $459.60 million during the quarter, compared to analysts' expectations of $415.20 million. RPC had a trailing twelve-month return on equity of 20.68% and a net margin of 10.35%.
How often does RPC pay dividends? What is the dividend yield for RPC?: RPC declared a quarterly dividend on Wednesday, October 26th. Investors of record on Thursday, November 10th will be given a dividend of $0.02 per share on Friday, December 9th. This represents a $0.08 annualized dividend and a yield of 0.88%. The ex-dividend date is Wednesday, November 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 0.88%. The dividend payout ratio is 11.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RES will have a dividend payout ratio of 6.06% 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (5.88%), Vanguard Group Inc. (4.45%), Dimensional Fund Advisors LP (2.52%), Van ECK Associates Corp (2.23%), State Street Corp (1.82%) and Gamco Investors INC. ET AL (1.45%). 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.
What is RPC's stock price today?: One share of RES stock can currently be purchased for approximately $9.13.
How much money does RPC make?: RPC (NYSE:RES) has a market capitalization of $1.98 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 $0.67 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, 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
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 12/2/2022 by MarketBeat.com Staff

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