RPC (RES) to Release Earnings on Thursday

RPC (NYSE:RES) will be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect RPC to post earnings of $0.19 per share for the quarter.

RPC (NYSE:RES) last released its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. RPC had a return on equity of 21.26% and a net margin of 12.06%. The company had revenue of $394.50 million for the quarter, compared to analyst estimates of $374.22 million. During the same period in the previous year, the company posted $0.41 earnings per share. The firm’s revenue was down 18.2% on a year-over-year basis. On average, analysts expect RPC to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

RPC Stock Up 1.0 %

NYSE RES opened at $8.03 on Wednesday. RPC has a twelve month low of $6.34 and a twelve month high of $9.41. The firm has a market capitalization of $1.73 billion, a PE ratio of 8.92 and a beta of 1.60. The stock’s 50 day moving average is $7.62 and its 200 day moving average is $7.53.

RPC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 9th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.99%. The ex-dividend date was Thursday, February 8th. RPC’s dividend payout ratio (DPR) is 17.78%.

Wall Street Analyst Weigh In

Separately, Susquehanna upped their price target on RPC from $6.50 to $8.00 and gave the company a “neutral” rating in a report on Monday, April 8th.

RPC Company Profile

RPC, Inc, through its subsidiaries, engages provision of 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.