NYSE:RES RPC (RES) Stock Forecast, Price & News $6.91 +0.26 (+3.91%) (As of 12:33 PM ET) Add Compare Share Share Today's Range$6.63▼$6.9350-Day Range$6.65▼$8.2652-Week Range$5.70▼$11.40Volume398,739 shsAverage Volume1.34 million shsMarket Capitalization$1.50 billionP/E Ratio5.44Dividend Yield2.32%Price Target$8.38 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media RPC MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside21.6% Upside$8.38 Price TargetShort InterestBearish9.36% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.04Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth7.60%From $1.71 to $1.84 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.23 out of 5 starsOils/Energy Sector173rd out of 494 stocksOil & Gas Field Services, Not Elsewhere Classified Industry15th out of 40 stocks 2.0 Analyst's Opinion Consensus RatingRPC has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.38, RPC has a forecasted upside of 21.6% from its current price of $6.89.Amount of Analyst CoverageRPC has only been the subject of 1 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted9.36% of the float of RPC has been sold short.Short Interest Ratio / Days to CoverRPC has a short interest ratio ("days to cover") of 6.3.Change versus previous monthShort interest in RPC has recently increased by 1.77%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldRPC pays a meaningful dividend of 2.34%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthRPC has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of RPC is 12.60%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, RPC will have a dividend payout ratio of 8.70% next year. This indicates that RPC will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RES. Previous Next 3.9 News and Social Media Coverage News SentimentRPC has a news sentiment score of 1.04. 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 higher news sentiment than the 0.52 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 6 news articles for RPC this week, compared to 3 articles on an average week.Search Interest5 people have searched for RES on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.MarketBeat Follows3 people have added RPC to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, RPC insiders have not sold or bought any company stock.Percentage Held by Insiders61.00% 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 InstitutionsOnly 27.15% of the stock of RPC is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for RPC are expected to grow by 7.60% in the coming year, from $1.71 to $1.84 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of RPC is 5.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.19.Price to Earnings Ratio vs. SectorThe P/E ratio of RPC is 5.43, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 49.89.Price to Book Value per Share RatioRPC has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About RPC (NYSE:RES) StockRPC, Inc. engages in the exploration, production and development of oil and gas properties. It operates through the following segments: Technical Services and Support Services. The Technical Services segment provides oil and gas, fracturing, acidizing, coiled tubing, snubbing, nitrogen, well control, wireline and fishing services. The Support Services segment offers oilfield pipe inspection services and rental tools for use with onshore and offshore oil and gas well drilling. The company was founded in 1984 and is headquartered in Atlanta, GA.Read More Receive RES Stock News and Ratings via Email Sign-up to receive the latest news and ratings for RPC and its competitors with MarketBeat's FREE daily newsletter. Email Address RES Stock News HeadlinesMay 26, 2023 | msn.comRPC (RES) Down 1.5% Since Last Earnings Report: Can It Rebound?May 25, 2023 | finance.yahoo.comRPC (NYSE:RES) delivers shareholders splendid 32% CAGR over 3 years, surging 3.5% in the last week aloneJune 1, 2023 | Edge On The Street (Ad)ChatGPT Is Already "Old School"As good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.May 10, 2023 | finance.yahoo.comRPC (RES) Misses on Q1 Earnings, Reiterates 2023 Capex ViewMay 7, 2023 | americanbankingnews.comRPC (NYSE:RES) Rating Increased to Buy at StockNews.comMay 5, 2023 | finance.yahoo.comBe Sure To Check Out RPC, Inc. (NYSE:RES) Before It Goes Ex-DividendMay 4, 2023 | finance.yahoo.com10 Best Debt Free Dividend Stocks to BuyMay 3, 2023 | finance.yahoo.comRPC, Inc. (NYSE:RES) Q1 2023 Earnings Call TranscriptJune 1, 2023 | Edge On The Street (Ad)Graphite versus Lithium - What Investors Should KnowOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.May 2, 2023 | americanbankingnews.comCitigroup Trims RPC (NYSE:RES) Target Price to $8.25April 29, 2023 | americanbankingnews.comRPC (NYSE:RES) Rating Lowered to Hold at StockNews.comApril 28, 2023 | americanbankingnews.comRPC, Inc. (RES) To Go Ex-Dividend on May 9thApril 27, 2023 | finance.yahoo.comQ1 2023 RPC Inc Earnings CallApril 26, 2023 | seekingalpha.comRPC, Inc. (RES) Q1 2023 Earnings Call TranscriptApril 24, 2023 | americanbankingnews.comRPC (RES) to Release Earnings on WednesdayApril 22, 2023 | americanbankingnews.comRPC (NYSE:RES) Stock Price Down 5.4%April 15, 2023 | americanbankingnews.comHead to Head Survey: ProFrac (NASDAQ:ACDC) versus RPC (NYSE:RES)April 14, 2023 | finance.yahoo.comRPC, Inc. to Present at the 26th Annual Burkenroad Investment ConferenceApril 12, 2023 | finance.yahoo.comEstimating The Fair Value Of RPC, Inc. (NYSE:RES)April 5, 2023 | americanbankingnews.comRPC (NYSE:RES) Shares Gap Up to $7.69April 5, 2023 | americanbankingnews.comRPC (NYSE:RES) PT Lowered to $8.50April 4, 2023 | finance.yahoo.comRPC, Inc. Announces Date for First Quarter 2023 Financial Results and Conference CallApril 3, 2023 | finance.yahoo.comRPC, Inc. Announces First Quarter 2023 Share RepurchasesMarch 31, 2023 | americanbankingnews.comRPC (NYSE:RES) Trading Down 2.2%March 27, 2023 | finance.yahoo.com5 Dividend Paying Growth Stocks to Buy for a Stable PortfolioMarch 27, 2023 | thestreet.comRPC Stock To Go Ex-dividend Tomorrow (RES)March 22, 2023 | finance.yahoo.comConocoPhillips (COP), Sempra Energy Finalize Port Arthur LNG JVSee More Headlines RES Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RES Company Calendar Ex-Dividend for 3/10 Dividend2/09/2023Dividend Payable3/10/2023Last Earnings4/26/2023Ex-Dividend for 6/9 Dividend5/09/2023Today6/01/2023Dividend Payable6/09/2023Next Earnings (Estimated)7/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Oil & gas field services, not elsewhere classified Sub-IndustryOil & Gas Equipment & Services SectorOils/Energy Current SymbolNYSE:RES CUSIP74966010 CIK742278 Webwww.rpc.net Phone(404) 321-2140Fax404-321-5483Employees2,732Year Founded1984Price Target and Rating Average Stock Price Forecast$8.38 High Stock Price Forecast$8.50 Low Stock Price Forecast$8.25 Forecasted Upside/Downside+26.0%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$1.27 Trailing P/E Ratio5.23 Forward P/E Ratio3.89 P/E GrowthN/ANet Income$218.36 million Net Margins15.32% Pretax Margin20.04% Return on Equity35.56% Return on Assets26.77% Debt Debt-to-Equity RatioN/A Current Ratio4.54 Quick Ratio3.92 Sales & Book Value Annual Sales$1.60 billion Price / Sales0.90 Cash Flow$1.36 per share Price / Cash Flow4.87 Book Value$4.29 per share Price / Book1.55Miscellaneous Outstanding Shares216,370,000Free Float84,384,000Market Cap$1.44 billion OptionableOptionable Beta1.77 Social Links Key ExecutivesBen M. PalmerPresident, Chief Executive Officer & DirectorMichael L. SchmitSecretary, Chief Financial & Accounting OfficerJames C. LandersVice President-Corporate ServicesKey CompetitorsOceaneering InternationalNYSE:OIIHelix Energy Solutions GroupNYSE:HLXProFracNASDAQ:PFHCNexTier Oilfield SolutionsNYSE:NEXExpro GroupNYSE:XPROView All CompetitorsInsiders & InstitutionsBrandywine Global Investment Management LLCBought 533,217 shares on 5/25/2023Ownership: 0.246%JPMorgan Chase & Co.Bought 465,831 shares on 5/18/2023Ownership: 0.269%New York State Common Retirement FundBought 25,699 shares on 5/18/2023Ownership: 0.066%Thrivent Financial for LutheransSold 2,890 shares on 5/17/2023Ownership: 0.038%First Trust Advisors LPBought 4,809 shares on 5/16/2023Ownership: 0.213%View All Insider TransactionsView All Institutional Transactions RES Stock - Frequently Asked Questions Should I buy or sell RPC stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RPC in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities 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? 1 Wall Street research analysts have issued 1 year price objectives for RPC's stock. Their RES share price forecasts range from $8.25 to $8.50. On average, they expect the company's share price to reach $8.38 in the next twelve months. 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 2023? RPC's stock was trading at $8.89 at the beginning of 2023. Since then, RES shares have decreased by 25.3% and is now trading at $6.6450. View the best growth stocks for 2023 here. When is RPC's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023. View our RES earnings forecast. How were RPC's earnings last quarter? RPC, Inc. (NYSE:RES) announced its earnings results on Wednesday, April, 26th. The oil and gas company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by $0.02. The oil and gas company earned $476.70 million during the quarter, compared to analysts' expectations of $488.57 million. RPC had a net margin of 15.32% and a trailing twelve-month return on equity of 35.56%. The company's revenue was up 67.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 earnings per share. How often does RPC pay dividends? What is the dividend yield for RPC? RPC declared a quarterly dividend on Wednesday, April 26th. Investors of record on Wednesday, May 10th will be paid a dividend of $0.04 per share on Friday, June 9th. This represents a $0.16 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Tuesday, May 9th. Read our dividend analysis for RES. What ETFs hold RPC's stock? ETFs with the largest weight of RPC (NYSE:RES) stock in their portfolio include Invesco Dynamic Oil & Gas Services ETF (PXJ), SPDR S&P Oil & Gas Equipment & Services ETF (XES), Invesco S&P SmallCap Energy ETF (PSCE), VanEck Oil Services ETF (OIH), Direxion Daily Oil Services Bull 2X Shares (ONG), iShares U.S. Oil Equipment & Services ETF (IEZ), First Trust Small Cap Growth AlphaDEX Fund (FYC) and WisdomTree Emerging Markets SmallCap Dividend Fund (DGS). 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 2.34%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RES will have a dividend payout ratio of 8.70% 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 declared that its Board of Directors has approved a stock repurchase program on Wednesday, April 26th 2023, which allows the company to repurchase 8,000,000 shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its stock is 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). 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (5.99%), Dimensional Fund Advisors LP (2.73%), Van ECK Associates Corp (1.83%), State Street Corp (1.83%), Gamco Investors INC. ET AL (1.44%) and Geode Capital Management LLC (0.68%). 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 $6.65. How much money does RPC make? RPC (NYSE:RES) has a market capitalization of $1.44 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 $1.27 on an earnings per share basis. How many employees does RPC have? The company employs 2,732 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 6/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding RPC, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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