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NYSE:RES

RPC - RES Stock Forecast, Price & News

$7.42
-0.09 (-1.20%)
(As of 08/10/2022 04:35 PM ET)
Add
Compare
Today's Range
$7.14
$7.50
50-Day Range
$5.84
$9.56
52-Week Range
$3.33
$12.91
Volume
948,368 shs
Average Volume
1.56 million shs
Market Capitalization
$1.61 billion
P/E Ratio
20.05
Dividend Yield
N/A
Price Target
$11.50

RPC MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
55.0% Upside
$11.50 Price Target
Short Interest
Bearish
8.62% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.32mentions of RPC in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$45.90 M Sold Last Quarter
Proj. Earnings Growth
47.62%
From $0.63 to $0.93 Per Share

Overall MarketRank

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

2.38 out of 5 stars

Oils/Energy Sector

94th out of 259 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

9th out of 24 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.

RPC Stock Performance

Shares of RPC stock opened at $7.51 on Wednesday. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 20.30 and a beta of 1.63. The stock has a 50 day moving average price of $7.35 and a 200-day moving average price of $8.71. RPC has a one year low of $3.33 and a one year high of $12.91.

RPC (NYSE:RES - Get Rating) last announced its earnings results on Wednesday, July 27th. The oil and gas company reported $0.22 EPS for the quarter, topping 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 analysts' expectations of $327.34 million. The business's revenue for the quarter was up 98.9% on a year-over-year basis. Sell-side analysts predict that RPC will post 0.63 earnings per share for the current fiscal year.

RPC Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Wednesday, August 10th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Tuesday, August 9th.

Wall Street Analysts Forecast Growth

RES has been the subject of several research analyst reports. Atb Cap Markets restated an "underperform" rating on shares of RPC in a report on Sunday, April 17th. Citigroup lifted their target price on RPC to $10.00 and gave the stock a "na" rating in a report on Tuesday, May 17th. StockNews.com upgraded RPC from a "hold" rating to a "buy" rating in a report on Thursday, July 28th. Finally, Johnson Rice upgraded RPC from a "hold" rating to an "accumulate" rating and set a $13.00 target price for the company in a report on Wednesday, April 27th. One analyst has rated the stock with a sell rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $11.50.

Insider Buying and Selling

In related news, Director Gary W. Rollins sold 332,736 shares of the firm's stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $9.01, for a total transaction of $2,997,951.36. Following the completion of the sale, the director now directly owns 7,801,287 shares of the company's stock, valued at approximately $70,289,595.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Gary W. Rollins sold 332,736 shares of the firm's stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $9.01, for a total transaction of $2,997,951.36. Following the completion of the sale, the director now directly owns 7,801,287 shares of the company's stock, valued at approximately $70,289,595.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Lor Inc sold 311,864 shares of the firm'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 sale, the insider now directly owns 7,489,423 shares of the company's stock, valued at $66,281,393.55. The disclosure for this sale can be found here. In the last three months, insiders sold 5,069,494 shares of company stock valued at $45,895,222. Insiders own 65.90% of the company's stock.

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RES Stock News Headlines

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
Recap: RPC Q2 Earnings - Benzinga - Benzinga
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
8/10/2022
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
+55.0%
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
$0.38 per share
Book Value
$2.97 per share

Miscellaneous

Free Float
73,882,000
Market Cap
$1.61 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 equities 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 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 2022?

2 Wall Street analysts have issued 12 month price targets for RPC's shares. Their RES share price forecasts range from $10.00 to $13.00. On average, they expect the company's stock price to reach $11.50 in the next year. This suggests a possible upside of 54.8% 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 at the beginning of 2022. Since then, RES stock has increased by 63.7% and is now trading at $7.43.
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) released its earnings results on Wednesday, July, 27th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.12. The oil and gas company earned $375.51 million during the quarter, compared to analysts' expectations of $327.34 million. RPC had a trailing twelve-month return on equity of 12.08% and a net margin of 6.90%. RPC's revenue for the quarter 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. Investors of record on Wednesday, August 10th will be paid a dividend of $0.02 per share on Friday, September 9th. This represents a $0.08 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, August 9th.
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 number of institutional and retail investors. Top institutional investors include Van ECK Associates Corp (3.46%), Victory Capital Management Inc. (0.89%), Russell Investments Group Ltd. (0.19%), Mraz Amerine & Associates Inc. (0.17%), Swiss National Bank (0.08%) and Silverleafe Capital Partners LLC (0.08%). 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 $7.43.

How much money does RPC make?

RPC (NYSE:RES) has a market capitalization of $1.61 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 8/10/2022 by MarketBeat.com Staff

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