NYSE:RESRPC Stock Price, Forecast & News

RPC's stock was trading at $2.25 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RES shares have increased by 46.7% and is now trading at $3.30. 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) released its quarterly earnings results on Wednesday, May, 6th. The oil and gas company reported ($0.04) EPS for the quarter, beating the Thomson Reuters' 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 company's revenue for the quarter was down 27.2% compared to the same quarter last year. View RPC's earnings history.

11 equities research analysts have issued 1 year target prices for RPC's shares. Their forecasts range from $2.30 to $5.00. On average, they expect RPC's share price to reach $3.56 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price. View analysts' price targets for RPC.

Media headlines about RES stock have trended very positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. RPC earned a media sentiment score of 3.1 on InfoTrie's scale. They also gave news headlines about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutRPC.

RPC saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 12,190,000 shares, a decline of 24.3% from the April 15th total of 16,100,000 shares. Based on an average daily volume of 2,090,000 shares, the days-to-cover ratio is currently 5.8 days. Approximately 21.8% of the shares of the stock are sold short. 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), Oceaneering International (OII), Seacor (CKH), 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 many different institutional and retail investors. Top institutional shareholders 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 purchased 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, Morgan Stanley, Parametric Portfolio Associates LLC, and Citigroup Inc.. 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 $3.30.

RPC has a market capitalization of $710.36 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]