RPC, Inc. (NYSE:RES) – Equities research analysts at Capital One Financial Corporation issued their FY2019 earnings per share (EPS) estimates for shares of RPC in a report issued on Wednesday. Capital One Financial Corporation analyst L. Lemoine anticipates that the oil and gas company will post earnings of $1.77 per share for the year. Capital One Financial Corporation has a “Equal Weight” rating on the stock.
RES has been the topic of a number of other reports. Zacks Investment Research raised shares of RPC from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday, October 17th. Cowen and Company set a $24.00 price objective on shares of RPC and gave the company a “hold” rating in a research note on Friday, October 6th. Jefferies Group LLC set a $25.00 price objective on shares of RPC and gave the company a “hold” rating in a research note on Thursday. Seaport Global Securities reissued a “neutral” rating on shares of RPC in a research note on Wednesday, July 26th. Finally, Raymond James Financial, Inc. cut shares of RPC from a “strong-buy” rating to an “outperform” rating in a research note on Thursday. Fourteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.61.
RPC (RES) traded up 2.93% during trading on Thursday, hitting $22.82. 1,730,638 shares of the stock traded hands. The stock’s market cap is $4.96 billion. The company’s 50 day moving average price is $22.90 and its 200-day moving average price is $20.35. RPC has a 52-week low of $16.48 and a 52-week high of $25.00.
RPC (NYSE:RES) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.03). The business had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $474.41 million. RPC had a negative return on equity of 1.74% and a negative net margin of 1.15%. The business’s quarterly revenue was up 167.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) earnings per share.
A number of large investors have recently added to or reduced their stakes in RES. The Manufacturers Life Insurance Company lifted its holdings in RPC by 7.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,514 shares of the oil and gas company’s stock valued at $132,000 after purchasing an additional 459 shares in the last quarter. Calamos Advisors LLC purchased a new position in RPC in the 3rd quarter valued at about $206,000. Raymond James Financial Services Advisors Inc. purchased a new position in RPC in the 3rd quarter valued at about $216,000. Bbva Compass Bancshares Inc. purchased a new position in RPC in the 2nd quarter valued at about $219,000. Finally, Amalgamated Bank purchased a new position in RPC in the 2nd quarter valued at about $223,000. Institutional investors own 38.05% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 10th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.26%. This is a positive change from RPC’s previous quarterly dividend of $0.06. RPC’s dividend payout ratio is -183.30%.
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.