S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
Saudi Aramco's profits already $88B as oil prices stay high
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
NYSE:RES

RPC - RES Stock Forecast, Price & News

$7.84
+0.08 (+1.03%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$7.52
$7.88
50-Day Range
$5.84
$9.56
52-Week Range
$3.33
$12.91
Volume
944,017 shs
Average Volume
1.28 million shs
Market Capitalization
$1.70 billion
P/E Ratio
21.19
Dividend Yield
1.02%
Price Target
$11.50

RPC MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
46.7% Upside
$11.50 Price Target
Short Interest
Bearish
8.62% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.15mentions of RPC in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$45.90 M Sold Last Quarter
Proj. Earnings Growth
40.00%
From $0.55 to $0.77 Per Share

Overall MarketRank

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

2.62 out of 5 stars

Oils/Energy Sector

64th out of 258 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

9th out of 23 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.

Analysts Set New Price Targets

A number of research firms recently issued reports on RES. Johnson Rice raised shares of RPC from a "hold" rating to an "accumulate" rating and set a $13.00 target price for the company in a research report on Wednesday, April 27th. StockNews.com raised shares of RPC from a "hold" rating to a "buy" rating in a research report on Thursday, July 28th. Citigroup increased their price objective on shares of RPC to $10.00 and gave the company a "na" rating in a research report on Tuesday, May 17th. Finally, Atb Cap Markets reaffirmed an "underperform" rating on shares of RPC in a research report on Sunday, April 17th. One research analyst has rated the stock with a sell rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $11.50.

RPC Trading Up 1.0 %

NYSE:RES traded up $0.08 during trading hours on Friday, hitting $7.84. The stock had a trading volume of 944,017 shares, compared to its average volume of 1,277,916. RPC has a 1-year low of $3.33 and a 1-year high of $12.91. The business has a 50 day simple moving average of $7.25 and a two-hundred day simple moving average of $8.75. The company has a market cap of $1.70 billion, a PE ratio of 21.19 and a beta of 1.63.

RPC (NYSE:RES - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.12. RPC had a net margin of 6.90% and a return on equity of 12.08%. The company had revenue of $375.51 million during the quarter, compared to the consensus estimate of $327.34 million. The business's revenue for the quarter was up 98.9% compared to the same quarter last year. Research analysts expect that RPC will post 0.55 EPS for the current fiscal year.

RPC Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Wednesday, August 10th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Tuesday, August 9th. RPC's payout ratio is currently 21.62%.

Insider Transactions at RPC

In other news, major shareholder Lor Inc sold 311,864 shares of the firm's stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $8.85, for a total transaction of $2,759,996.40. Following the completion of the sale, the insider now owns 7,489,423 shares of the company's stock, valued at $66,281,393.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Gary W. Rollins sold 500,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $9.54, for a total transaction of $4,770,000.00. Following the completion of the sale, the director now owns 5,540,392 shares of the company's stock, valued at $52,855,339.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Lor Inc sold 311,864 shares of the firm's stock in a transaction 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 transaction, the insider now owns 7,489,423 shares in the company, valued at $66,281,393.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,069,494 shares of company stock valued at $45,895,222. 65.90% of the stock is currently owned by corporate insiders.

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.

RES Stock News Headlines

Why RPC (RES) is a Top Momentum Stock for the Long-Term
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
See More Headlines
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.

RES Company Calendar

Last Earnings
7/27/2022
Ex-Dividend for 9/9 Dividend
8/09/2022
Today
8/14/2022
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
+46.7%
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
$0.37 per share
Book Value
$3.26 per share

Miscellaneous

Free Float
73,882,000
Market Cap
$1.70 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 analysts have issued "buy," "hold," and "sell" ratings for RPC in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street 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 equities research analysts have issued 12 month price targets for RPC's stock. Their RES share price forecasts range from $10.00 to $13.00. On average, they predict the company's share price to reach $11.50 in the next twelve months. This suggests a possible upside of 46.7% 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 shares have increased by 72.7% and is now trading at $7.84.
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 quarterly earnings data on Wednesday, July, 27th. The oil and gas company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.12. The oil and gas company had revenue of $375.51 million for the quarter, compared to the consensus estimate of $327.34 million. RPC had a net margin of 6.90% and a trailing twelve-month return on equity of 12.08%. The business's quarterly revenue was up 98.9% compared to the same quarter last year.

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 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Tuesday, August 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 1.02%. The dividend payout ratio is 21.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RES will have a dividend payout ratio of 10.39% 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 a variety of retail and institutional investors. Top institutional investors include Van ECK Associates Corp (3.46%), Gamco Investors INC. ET AL (1.48%), Victory Capital Management Inc. (0.89%), Northern Trust Corp (0.34%), Principal Financial Group Inc. (0.20%) and Russell Investments Group Ltd. (0.19%). 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 $7.84.

How much money does RPC make?

RPC (NYSE:RES) has a market capitalization of $1.70 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 8/14/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.