RPC Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RPC in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" RPC stock. 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.
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Wall Street analysts have given RPC a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but RPC wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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RPC is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for RPC.

RPC, Inc. (NYSE:RES) issued its earnings results on Wednesday, January, 27th. The oil and gas company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.08) by $0.05. The oil and gas company earned $148.60 million during the quarter, compared to analysts' expectations of $125.46 million. RPC had a negative trailing twelve-month return on equity of 9.35% and a negative net margin of 32.86%. The company's quarterly revenue was down 37.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) earnings per share.
View RPC's earnings history.

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 stock has increased by 180.4% and is now trading at $6.31.
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6 Wall Street analysts have issued 1 year price objectives for RPC's stock. Their forecasts range from $2.50 to $4.00. On average, they anticipate RPC's share price to reach $3.18 in the next twelve months. This suggests that the stock has a possible downside of 49.6%.
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8 employees have rated RPC CEO Richard A. Hubbell on Glassdoor.com. Richard A. Hubbell has an approval rating of 52% among RPC's employees. This puts Richard A. Hubbell in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to RPC include Schlumberger (SLB), Halliburton (HAL), NOV (NOV), TechnipFMC (FTI), Oceaneering International (OII), Dril-Quip (DRQ), Seacor (CKH), Helix Energy Solutions Group (HLX), Tidewater (TDW), Oil States International (OIS), Matrix Service (MTRX), Newpark Resources (NR), TETRA Technologies (TTI), RigNet (RNET) and Geospace Technologies (GEOS).
View all of RES's competitors.

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), (OAS), General Electric (GE), Lumen Technologies (LUMN), Marathon Oil (MRO), Pfizer (PFE) and AT&T (T).

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

RPC's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.35%), Dimensional Fund Advisors LP (1.97%), Gamco Investors INC. ET AL (1.54%), Van ECK Associates Corp (1.51%), Gabelli Funds LLC (1.16%) and Northern Trust Corp (1.00%).
View institutional ownership trends for RPC.

RES stock was sold by a variety of institutional investors in the last quarter, including Aristotle Capital Boston LLC, Renaissance Technologies LLC, Squarepoint Ops LLC, Principal Financial Group Inc., Gamco Investors INC. ET AL, Aperio Group LLC, Bank of New York Mellon Corp, and Northern Trust Corp.
View insider buying and selling activity for RPC or view top insider-selling stocks.

RES stock was acquired by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, THB Asset Management, BlackRock Inc., JPMorgan Chase & Co., Creative Planning, Tudor Investment Corp Et Al, Virtus ETF Advisers LLC, and Royal Fund Management LLC.
View insider buying and selling activity for RPC or or view top insider-buying stocks.

Shares of RES 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.
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One share of RES stock can currently be purchased for approximately $6.31.

RPC has a market capitalization of $1.36 billion 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 is headquartered at 2801 BUFORD HIGHWAY SUITE 300, ATLANTA GA, 30329.

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]