RPC (RES) Scheduled to Post Earnings on Wednesday

RPC (NYSE:RES) is set to issue its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

RPC (NYSE:RES) last released its quarterly earnings data on Wednesday, January 23rd. The oil and gas company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04). RPC had a net margin of 10.19% and a return on equity of 17.63%. The firm had revenue of $376.80 million for the quarter, compared to analyst estimates of $385.48 million. During the same period last year, the business earned $0.18 EPS. The company’s revenue was down 11.8% compared to the same quarter last year. On average, analysts expect RPC to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE RES opened at $12.72 on Wednesday. RPC has a twelve month low of $9.35 and a twelve month high of $20.18. The firm has a market cap of $2.68 billion, a P/E ratio of 15.51, a PEG ratio of 3.45 and a beta of 0.99.

In related news, Director Pam R. Rollins bought 10,000 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was acquired at an average cost of $10.85 per share, with a total value of $108,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 73.20% of the stock is owned by company insiders.

Several research analysts recently issued reports on the company. Goldman Sachs Group assumed coverage on RPC in a research report on Sunday, March 10th. They set a “sell” rating and a $10.00 target price for the company. ValuEngine raised RPC from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Wells Fargo & Co lowered RPC from a “market perform” rating to an “underperform” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. Susquehanna Bancshares set a $13.00 target price on RPC and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Finally, Morgan Stanley raised RPC from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $11.00 to $15.00 in a research report on Thursday, April 4th. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.69.

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RPC Company Profile

RPC, Inc, through its subsidiaries, 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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Earnings History for RPC (NYSE:RES)

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