Barclays PLC Has $1.16 Million Position in RPC, Inc. (NYSE:RES)

Barclays PLC raised its holdings in RPC, Inc. (NYSE:RES - Free Report) by 230.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 182,943 shares of the oil and gas company's stock after acquiring an additional 127,525 shares during the quarter. Barclays PLC owned about 0.09% of RPC worth $1,163,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RES. Pacer Advisors Inc. lifted its holdings in RPC by 38.9% during the third quarter. Pacer Advisors Inc. now owns 12,029,993 shares of the oil and gas company's stock worth $76,511,000 after acquiring an additional 3,371,490 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in RPC during the 3rd quarter worth approximately $5,917,000. Dimensional Fund Advisors LP raised its holdings in RPC by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,456,497 shares of the oil and gas company's stock worth $65,353,000 after buying an additional 769,578 shares during the period. Edgestream Partners L.P. bought a new position in RPC in the second quarter valued at approximately $3,814,000. Finally, Marshall Wace LLP acquired a new position in shares of RPC in the second quarter valued at approximately $3,349,000. Institutional investors and hedge funds own 41.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Stifel Nicolaus dropped their price objective on shares of RPC from $8.00 to $7.00 and set a "hold" rating on the stock in a report on Friday, October 11th. Susquehanna lowered their target price on RPC from $6.50 to $6.00 and set a "neutral" rating for the company in a report on Friday, October 25th.

RPC Trading Up 3.3 %

Shares of NYSE:RES traded up $0.21 during trading on Tuesday, hitting $6.62. 1,398,765 shares of the company were exchanged, compared to its average volume of 1,335,158. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 11.82 and a beta of 1.59. RPC, Inc. has a fifty-two week low of $5.54 and a fifty-two week high of $8.19. The firm has a fifty day moving average price of $6.07 and a two-hundred day moving average price of $6.24.

RPC (NYSE:RES - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). The firm had revenue of $337.70 million during the quarter, compared to analyst estimates of $365.33 million. RPC had a net margin of 8.07% and a return on equity of 11.36%. The business's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. As a group, research analysts predict that RPC, Inc. will post 0.43 EPS for the current year.

RPC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, November 11th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Friday, November 8th. RPC's dividend payout ratio (DPR) is presently 28.57%.

About RPC

RPC, Inc, through its subsidiaries, engages provision of 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 segment offers pressure pumping, fracturing, acidizing, cementing, 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.