NYSE:RES - RPC 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 stock has decreased by 8.4% and is now trading at $2.06. View which stocks have been mosted impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RPC in the last year. There are currently 8 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for RPC.

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

RPC, Inc. (NYSE:RES) posted its quarterly earnings results on Wednesday, January, 29th. The oil and gas company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.11) by $0.04. The oil and gas company had revenue of $236 million for the quarter, compared to analyst estimates of $237.54 million. RPC had a negative return on equity of 3.00% and a negative net margin of 7.13%. The business's quarterly revenue was down 37.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 earnings per share. View RPC's earnings history.

RPC declared a quarterly dividend on Wednesday, April 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.05 per share on Monday, June 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 9.71%. The ex-dividend date of this dividend is Thursday, May 9th. View RPC's dividend history.

12 equities research analysts have issued 1 year price objectives for RPC's stock. Their forecasts range from $2.50 to $13.00. On average, they anticipate RPC's share price to reach $5.36 in the next twelve months. This suggests a possible upside of 160.0% from the stock's current price. View analysts' price targets for RPC.

News stories about RES stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of 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 1.2 on InfoTrie's scale. They also gave news articles about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutRPC.

RPC saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 20,232,900 shares, an increase of 22.6% from the February 27th total of 16,500,000 shares. Based on an average daily volume of 1,990,000 shares, the short-interest ratio is presently 10.2 days. Approximately 36.2% of the shares of the stock 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), Tidewater (TDW), Matrix Service (MTRX), Oil States International (OIS), McDermott International (MDR), Era Group (ERA), Newpark Resources (NR) and Geospace Technologies (GEOS).

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

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

RPC's stock is owned by a variety of retail and institutional investors. Top institutional investors include Alliancebernstein L.P. (3.00%), Gabelli Funds LLC (1.17%), Renaissance Technologies LLC (0.97%), Van ECK Associates Corp (0.96%), State Street Corp (0.85%) and Hotchkis & Wiley Capital Management LLC (0.53%). Company insiders that own RPC stock include Ben M Palmer and Pam R Rollins. View institutional ownership trends for RPC.

RES stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Victory Capital Management Inc., Victory Capital Management Inc., Renaissance Technologies LLC, State Street Corp, Goldman Sachs Group Inc., Bank of America Corp DE, and Alliancebernstein L.P.. View insider buying and selling activity for RPC.

RES stock was bought by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, Norges Bank, Van ECK Associates Corp, Public Sector Pension Investment Board, Virtus ETF Advisers LLC, UBS Group AG, Charles Schwab Investment Management Inc., and Barrow Hanley Mewhinney & Strauss LLC. 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 $2.06.

RPC has a market capitalization of $441.73 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. View additional information about RPC.

The official website for RPC is http://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]