UBS Group AG Sells 842,477 Shares of RPC, Inc. $RES

UBS Group AG lessened its position in RPC, Inc. (NYSE:RES) by 56.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 656,948 shares of the oil and gas company’s stock after selling 842,477 shares during the period. UBS Group AG owned approximately 0.30% of RPC worth $3,574,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of RES. EverSource Wealth Advisors LLC increased its stake in RPC by 220.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,533 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 4,495 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in RPC by 243.4% in the second quarter. Tower Research Capital LLC TRC now owns 8,681 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 6,153 shares in the last quarter. Hantz Financial Services Inc. increased its stake in RPC by 940.3% in the third quarter. Hantz Financial Services Inc. now owns 9,113 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 8,237 shares in the last quarter. CWM LLC increased its stake in RPC by 88.2% in the fourth quarter. CWM LLC now owns 9,316 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 4,365 shares in the last quarter. Finally, Range Financial Group LLC bought a new stake in RPC in the fourth quarter valued at approximately $59,000. Institutional investors own 41.06% of the company’s stock.

Wall Street Analyst Weigh In

RES has been the subject of several recent analyst reports. Susquehanna upped their target price on shares of RPC from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RPC in a research note on Tuesday, April 14th. Finally, Wall Street Zen downgraded shares of RPC from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, RPC has a consensus rating of “Reduce” and a consensus target price of $5.63.

RPC Stock Performance

Shares of RES opened at $7.05 on Friday. RPC, Inc. has a 12 month low of $4.18 and a 12 month high of $8.16. The firm has a fifty day simple moving average of $7.08 and a 200 day simple moving average of $6.23. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 78.34 and a beta of 0.69. The company has a current ratio of 3.13, a quick ratio of 2.61 and a debt-to-equity ratio of 0.03.

RPC (NYSE:RES) last announced its earnings results on Thursday, May 7th. The oil and gas company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. RPC had a net margin of 1.20% and a return on equity of 4.82%. The business had revenue of $454.76 million during the quarter, compared to analysts’ expectations of $406.68 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The firm’s revenue was up 36.6% on a year-over-year basis. Research analysts forecast that RPC, Inc. will post 0.2 EPS for the current fiscal year.

RPC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, May 11th. This represents a $0.16 annualized dividend and a yield of 2.3%. RPC’s dividend payout ratio is presently 177.78%.

RPC Profile

RPC, Inc (NYSE: RES) provides essential equipment and services to companies engaged in the exploration, production and maintenance of oil and natural gas wells. The firm operates as an equity interest holding company, partnering with a network of independent service businesses to deliver a comprehensive suite of offerings for well completion and production operations.

Through its affiliated service companies, RPC offers pressure pumping and fracturing services, coiled tubing and nitrogen pumping, downhole tools and telemetry solutions, well intervention and workover services, along with rental tools and supply-chain logistics.