P10 (NYSE:RPC) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

P10 (NYSE:RPC) posted its earnings results on Thursday. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02, Zacks reports. The firm had revenue of $81.05 million for the quarter, compared to the consensus estimate of $79.97 million.

P10 Price Performance

NYSE RPC traded up $0.18 during trading hours on Friday, reaching $8.68. 786,218 shares of the company’s stock traded hands, compared to its average volume of 543,159. P10 has a 52-week low of $8.15 and a 52-week high of $13.47. The stock has a market cap of $954.93 million, a P/E ratio of -3.00 and a beta of 0.80.

Analyst Ratings Changes

A number of equities analysts have recently commented on RPC shares. Barclays cut their price target on P10 from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Friday. Zacks Research upgraded shares of P10 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Strong Buy” and an average target price of $11.00.

P10 Company Profile

P10 (NYSE: RPC) is an oilfield services company that provides specialized equipment and field services to upstream oil and gas operators. The company focuses on supplying non‑exclusive, rental and production support products and technical services that help customers complete, produce and maintain wells. Its offerings are designed to support a range of onshore operations, with emphasis on scalable, modular solutions that can be deployed across multiple basins.

Products and services typically include surface and downhole rental tools, completion and production accessories, well intervention and maintenance services, and related operational support.