RPC, Inc. (NYSE:RES) – Equities research analysts at Jefferies Financial Group lowered their Q1 2019 EPS estimates for RPC in a research report issued to clients and investors on Wednesday, January 23rd. Jefferies Financial Group analyst B. Handler now expects that the oil and gas company will earn $0.03 per share for the quarter, down from their previous estimate of $0.05. Jefferies Financial Group currently has a “Sell” rating and a $9.00 target price on the stock. Jefferies Financial Group also issued estimates for RPC’s Q2 2019 earnings at $0.03 EPS, Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.05 EPS, FY2019 earnings at $0.15 EPS and FY2020 earnings at $0.45 EPS.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded RPC from a “strong sell” rating to a “hold” rating in a research note on Friday, October 12th. Credit Suisse Group set a $14.00 price target on RPC and gave the stock a “hold” rating in a research note on Thursday, October 25th. Macquarie set a $13.00 price target on RPC and gave the stock a “hold” rating in a research note on Thursday, October 25th. Barclays set a $13.00 price target on RPC and gave the stock a “hold” rating in a research note on Thursday, October 25th. Finally, Raymond James cut RPC from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 13th. Nine equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.50.

NYSE:RES opened at $11.60 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.01 and a current ratio of 3.74. RPC has a 52 week low of $9.35 and a 52 week high of $21.51. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.69 and a beta of 0.99.

RPC (NYSE:RES) last released its quarterly earnings results on Wednesday, January 23rd. The oil and gas company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). RPC had a return on equity of 17.65% and a net margin of 10.19%. The firm had revenue of $376.80 million for the quarter, compared to analyst estimates of $385.48 million. During the same quarter last year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was down 11.8% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Monday, February 11th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Friday, February 8th. RPC’s dividend payout ratio is currently 48.78%.

Several institutional investors have recently bought and sold shares of RES. Nisa Investment Advisors LLC increased its position in shares of RPC by 243.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the oil and gas company’s stock worth $109,000 after acquiring an additional 7,800 shares during the period. LPL Financial LLC purchased a new stake in shares of RPC during the third quarter worth $156,000. FDx Advisors Inc. purchased a new stake in shares of RPC during the third quarter worth $180,000. Martingale Asset Management L P purchased a new stake in shares of RPC during the third quarter worth $202,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of RPC during the second quarter worth $206,000. 32.96% of the stock is currently owned by institutional investors and hedge funds.

About RPC

RPC, Inc 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.

Featured Story: Moving Average (MA)

Earnings History and Estimates for RPC (NYSE:RES)

Receive News & Ratings for RPC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPC and related companies with MarketBeat.com's FREE daily email newsletter.