RPC, Inc. (NYSE:RES) – Analysts at Seaport Global Securities dropped their Q4 2019 EPS estimates for RPC in a report released on Monday, April 8th. Seaport Global Securities analyst M. Urban now forecasts that the oil and gas company will post earnings of $0.11 per share for the quarter, down from their previous estimate of $0.12. Seaport Global Securities has a “Buy” rating and a $15.00 price target on the stock.

RPC (NYSE:RES) last issued its quarterly earnings data on Wednesday, January 23rd. The oil and gas company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.04). The business had revenue of $376.80 million during 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%. RPC’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share.

RES has been the topic of a number of other reports. Zacks Investment Research lowered RPC from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Goldman Sachs Group started coverage on RPC in a research report on Sunday, March 10th. They issued a “sell” rating and a $10.00 price objective on the stock. Jefferies Financial Group lowered RPC from a “hold” rating to a “sell” rating and set a $9.00 price objective on the stock. in a research report on Thursday, December 13th. Barclays lowered RPC from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $13.00 to $8.00 in a research report on Tuesday, January 15th. Finally, ValuEngine upgraded RPC from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 19th. Eight equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $12.69.

Shares of RES stock opened at $12.57 on Tuesday. The company has a market capitalization of $2.66 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 3.45 and a beta of 0.99. RPC has a fifty-two week low of $9.35 and a fifty-two week high of $20.18.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted 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 valued at $109,000 after purchasing an additional 7,800 shares in the last quarter. Amalgamated Bank purchased a new position in RPC during the fourth quarter valued at $114,000. LPL Financial LLC raised its stake in RPC by 26.6% during the fourth quarter. LPL Financial LLC now owns 12,756 shares of the oil and gas company’s stock valued at $126,000 after buying an additional 2,680 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in RPC by 85.8% during the fourth quarter. Great West Life Assurance Co. Can now owns 13,984 shares of the oil and gas company’s stock valued at $129,000 after buying an additional 6,459 shares during the last quarter. Finally, Raymond James & Associates raised its stake in RPC by 31.0% during the fourth quarter. Raymond James & Associates now owns 13,130 shares of the oil and gas company’s stock valued at $130,000 after buying an additional 3,110 shares during the last quarter. Institutional investors own 32.60% of the company’s stock.

In other news, Director Pam R. Rollins purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The shares were bought at an average cost of $10.85 per share, for a total transaction of $108,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 73.20% of the company’s stock.

RPC Company Profile

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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Earnings History and Estimates for RPC (NYSE:RES)

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