RPC (RES) Getting Somewhat Positive News Coverage, Analysis Finds
Headlines about RPC (NYSE:RES) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. RPC earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 46.2918307623 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
RPC (RES) opened at $17.68 on Friday. RPC has a twelve month low of $16.63 and a twelve month high of $27.07. The firm has a market cap of $3,829.24, a P/E ratio of 23.57, a PEG ratio of 0.60 and a beta of 0.73.
RPC (NYSE:RES) last released its quarterly earnings data on Wednesday, January 24th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.16). The company had revenue of $427.30 million for the quarter, compared to analysts’ expectations of $515.04 million. RPC had a net margin of 10.19% and a return on equity of 17.23%. The firm’s revenue for the quarter was up 93.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.10) earnings per share. analysts anticipate that RPC will post 1.64 EPS for the current fiscal year.
Several research analysts have issued reports on the stock. B. Riley cut shares of RPC from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a report on Friday, December 22nd. Stephens assumed coverage on shares of RPC in a report on Tuesday, January 9th. They issued an “equal weight” rating and a $28.00 target price for the company. Zacks Investment Research raised shares of RPC from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a report on Thursday, January 4th. Jefferies Group set a $29.00 price objective on shares of RPC and gave the company a “hold” rating in a report on Thursday, January 4th. Finally, Cowen set a $28.00 price objective on shares of RPC and gave the company a “hold” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. RPC currently has an average rating of “Hold” and a consensus price target of $24.75.
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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