RPC, Inc. (NYSE:RES) – Investment analysts at Gabelli raised their FY2017 earnings per share estimates for shares of RPC in a research note issued to investors on Thursday. Gabelli analyst S. Wong now forecasts that the oil and gas company will post earnings of $0.85 per share for the year, up from their previous forecast of $0.55. Gabelli also issued estimates for RPC’s FY2018 earnings at $1.60 EPS, FY2019 earnings at $1.75 EPS, FY2020 earnings at $1.90 EPS and FY2021 earnings at $2.00 EPS.
RPC (NYSE:RES) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. RPC had a negative net margin of 1.15% and a negative return on equity of 1.76%. The firm had revenue of $399 million for the quarter, compared to analyst estimates of $415.65 million. During the same period last year, the firm posted ($0.23) EPS. RPC’s quarterly revenue was up 179.0% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for RPC, Inc. Increased by Gabelli (RES)” was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.com-unik.info/2017/08/19/fy2017-eps-estimates-for-rpc-inc-increased-by-gabelli-res-updated-updated.html.
Shares of RPC (NYSE RES) opened at 20.205 on Monday. The firm’s market cap is $4.40 billion. The firm has a 50-day moving average price of $20.36 and a 200-day moving average price of $19.67. RPC has a 12-month low of $13.50 and a 12-month high of $23.36.
Several large investors have recently made changes to their positions in RES. Flinton Capital Management LLC increased its stake in shares of RPC by 86.9% in the first quarter. Flinton Capital Management LLC now owns 7,296 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 3,392 shares in the last quarter. Meadow Creek Investment Management LLC increased its stake in shares of RPC by 86.9% in the first quarter. Meadow Creek Investment Management LLC now owns 10,032 shares of the oil and gas company’s stock valued at $184,000 after buying an additional 4,664 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of RPC by 22.0% in the first quarter. Pacer Advisors Inc. now owns 10,144 shares of the oil and gas company’s stock valued at $186,000 after buying an additional 1,830 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of RPC by 40.9% in the first quarter. BNP Paribas Arbitrage SA now owns 10,503 shares of the oil and gas company’s stock valued at $192,000 after buying an additional 3,048 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of RPC during the first quarter valued at approximately $206,000. 40.28% of the stock is owned by institutional investors and hedge funds.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.16%. This is an increase from RPC’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, August 8th. RPC’s dividend payout ratio is currently -83.32%.
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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