RPC (NYSE:RES) will be issuing its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
RPC (NYSE:RES) last issued its quarterly earnings results on Wednesday, January 23rd. The oil and gas company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.04). The business had revenue of $376.80 million for the quarter, compared to the consensus estimate of $385.48 million. RPC had a return on equity of 17.63% and a net margin of 10.19%. The business’s revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 earnings per share. On average, analysts expect RPC to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of RPC stock opened at $12.72 on Tuesday. The firm has a market cap of $2.68 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 2.73 and a beta of 0.99. RPC has a 12 month low of $9.35 and a 12 month high of $20.18.
A number of analysts recently commented on the company. Zacks Investment Research upgraded RPC from a “sell” rating to a “hold” rating in a report on Tuesday, February 26th. Wells Fargo & Co lowered RPC from a “market perform” rating to an “underperform” rating in a report on Monday, January 7th. They noted that the move was a valuation call. ValuEngine lowered RPC from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 9th. Citigroup lowered RPC from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $11.00 to $8.00 in a report on Wednesday, January 9th. Finally, Bank of America lowered RPC from a “neutral” rating to an “underperform” rating and set a $9.00 price target on the stock. in a report on Friday, January 4th. Eight research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $12.69.
In other news, Director Pam R. Rollins bought 10,000 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was acquired at an average cost of $10.85 per share, with a total value of $108,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 73.20% of the company’s 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 offers pressure pumping, fracturing, acidizing, 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.
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