RPC (NYSE:RES - Get Free Report) issued its quarterly earnings data on Thursday. The oil and gas company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.04), Briefing.com reports. RPC had a net margin of 8.08% and a return on equity of 11.52%. The firm had revenue of $337.70 million for the quarter, compared to analysts' expectations of $365.33 million. During the same period in the prior year, the firm posted $0.08 EPS. RPC's revenue was up 2.2% on a year-over-year basis.
RPC Stock Performance
NYSE RES opened at $5.97 on Monday. RPC has a 52-week low of $5.66 and a 52-week high of $8.60. The company has a fifty day moving average of $6.41 and a 200-day moving average of $6.57. The company has a market capitalization of $1.28 billion, a P/E ratio of 8.53 and a beta of 1.55.
RPC Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 11th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, November 8th. RPC's dividend payout ratio (DPR) is currently 22.86%.
Wall Street Analyst Weigh In
RES has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their price target on shares of RPC from $8.00 to $7.00 and set a "hold" rating for the company in a research report on Friday, October 11th. Citigroup reduced their target price on RPC from $6.75 to $5.25 and set a "sell" rating for the company in a research report on Wednesday, July 10th. Finally, Susquehanna lowered their price target on RPC from $6.50 to $6.00 and set a "neutral" rating on the stock in a report on Friday.
Check Out Our Latest Research Report on RPC
RPC Company Profile
(
Get Free Report)
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.
Further Reading
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