RPC (NYSE:RES)‘s stock had its “market perform” rating reissued by research analysts at Wells Fargo & Co in a research report issued on Friday, MarketBeat reports.

Several other analysts have also recently issued reports on the stock. Cowen set a $28.00 price objective on shares of RPC and gave the company a “hold” rating in a research note on Thursday. Stephens began coverage on shares of RPC in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $28.00 price target for the company. Jefferies Group set a $29.00 price target on shares of RPC and gave the company a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research raised shares of RPC from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a research note on Thursday, January 4th. Finally, B. Riley cut shares of RPC from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a research note on Thursday, December 28th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. RPC presently has a consensus rating of “Hold” and an average price target of $25.38.

Shares of RPC (NYSE RES) opened at $24.54 on Friday. RPC has a one year low of $16.63 and a one year high of $27.07. The stock has a market cap of $5,315.02, a PE ratio of 62.92, a P/E/G ratio of 0.84 and a beta of 1.15.

RPC (NYSE:RES) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). RPC had a net margin of 6.03% and a return on equity of 10.31%. The business had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $474.41 million. During the same period in the prior year, the company posted ($0.18) EPS. The firm’s revenue was up 167.8% on a year-over-year basis. analysts predict that RPC will post 0.81 earnings per share for the current year.

In related news, Director Amy Rollins Kreisler acquired 5,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were purchased at an average cost of $23.21 per share, for a total transaction of $116,050.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $116,050. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 73.50% of the company’s stock.

Several hedge funds have recently modified their holdings of RES. Schwab Charles Investment Management Inc. lifted its holdings in shares of RPC by 11.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 340,267 shares of the oil and gas company’s stock worth $6,877,000 after acquiring an additional 34,317 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of RPC by 9.3% in the 2nd quarter. Rhumbline Advisers now owns 93,851 shares of the oil and gas company’s stock worth $1,897,000 after acquiring an additional 7,973 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in shares of RPC by 14.4% in the 2nd quarter. Federated Investors Inc. PA now owns 27,419 shares of the oil and gas company’s stock worth $554,000 after acquiring an additional 3,450 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of RPC by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 11,360 shares of the oil and gas company’s stock worth $230,000 after acquiring an additional 1,216 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of RPC by 41.8% in the 2nd quarter. Principal Financial Group Inc. now owns 16,357 shares of the oil and gas company’s stock worth $331,000 after acquiring an additional 4,822 shares during the last quarter. Hedge funds and other institutional investors own 38.07% of the company’s stock.

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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.

Analyst Recommendations for RPC (NYSE:RES)

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