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:

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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.

RPC (NYSE:RES) last announced its quarterly earnings results on Wednesday, January 24th. The oil and gas company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.16). The company had revenue of $427.30 million for the quarter, compared to analyst estimates of $515.04 million. RPC had a return on equity of 16.90% and a net margin of 10.19%. The firm’s revenue for the quarter was up 93.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.10) earnings per share. research analysts expect that RPC will post 1.65 EPS for the current year.

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.

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About RPC

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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