RPC, Inc. (NYSE:RES)’s share price fell 6.7% on Thursday . The company traded as low as $12.69 and last traded at $11.91. 70,507 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 1,394,944 shares. The stock had previously closed at $12.77.

A number of brokerages have weighed in on RES. Credit Suisse Group set a $14.00 price target on shares of RPC and gave the company a “hold” rating in a report on Thursday, October 25th. Wolfe Research began coverage on shares of RPC in a report on Wednesday, October 10th. They issued an “underperform” rating on the stock. Zacks Investment Research upgraded shares of RPC from a “strong sell” rating to a “hold” rating in a report on Friday, October 12th. Stifel Nicolaus began coverage on shares of RPC in a report on Monday, September 10th. They issued a “hold” rating and a $15.00 price target on the stock. Finally, Macquarie set a $13.00 price target on shares of RPC and gave the company a “hold” rating in a report on Thursday, October 25th. Three equities research analysts have rated the stock with a sell rating and seventeen have assigned a hold rating to the company. RPC currently has a consensus rating of “Hold” and an average target price of $17.35.

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.01 and a current ratio of 3.74. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 0.78 and a beta of 0.70.

RPC (NYSE:RES) last posted its earnings results on Wednesday, October 24th. The oil and gas company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.04). RPC had a net margin of 12.40% and a return on equity of 20.48%. The business had revenue of $439.99 million for the quarter, compared to analyst estimates of $456.54 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The business’s revenue was down 6.6% compared to the same quarter last year. Research analysts forecast that RPC, Inc. will post 0.84 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 9th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.29%. The ex-dividend date is Thursday, November 8th. RPC’s dividend payout ratio (DPR) is 60.61%.

A number of institutional investors have recently added to or reduced their stakes in RES. FMR LLC increased its stake in RPC by 125.2% during the 3rd quarter. FMR LLC now owns 2,540,280 shares of the oil and gas company’s stock worth $39,324,000 after buying an additional 1,412,519 shares during the period. Royce & Associates LP increased its stake in RPC by 375.0% during the 2nd quarter. Royce & Associates LP now owns 1,170,891 shares of the oil and gas company’s stock worth $17,060,000 after buying an additional 924,379 shares during the period. First Trust Advisors LP increased its stake in RPC by 539.1% during the 3rd quarter. First Trust Advisors LP now owns 938,087 shares of the oil and gas company’s stock worth $14,522,000 after buying an additional 791,299 shares during the period. BlueMountain Capital Management LLC increased its position in shares of RPC by 4,461.4% in the 3rd quarter. BlueMountain Capital Management LLC now owns 585,365 shares of the oil and gas company’s stock worth $9,061,000 after purchasing an additional 572,532 shares during the last quarter. Finally, Federated Investors Inc. PA increased its position in shares of RPC by 991.6% in the 2nd quarter. Federated Investors Inc. PA now owns 364,076 shares of the oil and gas company’s stock worth $5,305,000 after purchasing an additional 330,724 shares during the last quarter. 32.97% of the stock is currently owned by hedge funds and other institutional investors.

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RPC Company Profile (NYSE:RES)

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.

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