RPC (NYSE:RES – Get Free Report) had its price objective decreased by stock analysts at Susquehanna from $8.00 to $7.00 in a report released on Friday, April 26th, Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Susquehanna’s price objective would indicate a potential downside of 0.14% from the stock’s current price.
RPC Trading Up 3.5 %
NYSE RES traded up $0.24 during trading hours on Friday, reaching $7.01. 254,872 shares of the company traded hands, compared to its average volume of 1,633,451. The stock has a market capitalization of $1.50 billion, a PE ratio of 9.67 and a beta of 1.65. RPC has a 12 month low of $6.34 and a 12 month high of $9.41. The company has a 50 day moving average of $7.58 and a two-hundred day moving average of $7.43.
RPC (NYSE:RES – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The firm had revenue of $377.80 million during the quarter, compared to analyst estimates of $393.33 million. RPC had a return on equity of 15.02% and a net margin of 9.95%. The firm’s revenue was down 20.7% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. On average, equities research analysts anticipate that RPC will post 0.71 earnings per share for the current year.
Institutional Investors Weigh In On RPC
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.
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