RPC (RES) Receives Daily Media Sentiment Score of 0.34
News coverage about RPC (NYSE:RES) has been trending positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. RPC earned a media sentiment score of 0.34 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 45.7792211078455 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s rankings:
- RPC, Inc. (RES) have in prospect to touch 19.30% EPS growth for next year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Stock Grabbing Investor’s Attention: RPC Inc (RES) – Emn News (emnnews.com)
- RPC, Inc. (RES) – Investors Roundup – Wall Street Morning (wallstreetmorning.com)
- Biodegradable Mulch Film Market to Reach $64 Million by 2023: P&S Market Research (forextv.com)
- Short Interest in 2018: WFT, CRR, RES, FMSA, and SLCA (finance.yahoo.com)
Shares of RPC (RES) opened at $19.31 on Friday. The firm has a market capitalization of $4,310.74, a P/E ratio of 25.75, a PEG ratio of 0.67 and a beta of 0.73. RPC has a 1 year low of $16.63 and a 1 year high of $27.07.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 9th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.07%. This is a boost from RPC’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, February 8th. RPC’s dividend payout ratio is presently 53.33%.
RPC announced that its Board of Directors has authorized a share repurchase program on Monday, February 12th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the oil and gas company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.
A number of research analysts have commented on RES shares. Credit Suisse Group reduced their target price on RPC from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. B. Riley downgraded RPC from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Friday, December 22nd. Wells Fargo reduced their target price on RPC from $27.00 to $25.00 and set a “market perform” rating on the stock in a report on Thursday, January 25th. Stephens started coverage on RPC in a report on Tuesday, January 9th. They set an “equal weight” rating and a $28.00 target price on the stock. Finally, Zacks Investment Research raised RPC from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $24.85.
RPC, Inc (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment primarily to independent oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets.
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