RPC (RES) Stock Price, News & Analysis

Company Overview

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. The Support Services segment provides a range of rental tools for onshore and offshore oil and gas well drilling, completion, and workover activities. This segment also offers oilfield pipe inspection, and pipe management and storage services, as well as well control training and consulting services. It operates in the United States, Africa, Canada, Argentina, China, Mexico, Latin America, the Middle East, and internationally. The company was incorporated in 1984 and is headquartered in Atlanta, Georgia.

Key Stats

• Today's Range: $5.63 to $5.81
• 50-Day Range: $5.68 to $7.14
• 52-Week Range: $5.63 to $8.46
• Volume: 1.16 million shs
• Average Volume: 1.72 million shs
• Market Capitalization: $1.22 billion
• P/E Ratio: 10.14
• Dividend Yield: 2.82%
• Price Target: $6.08
• Consensus Rating: Reduce

RPC Stock Analysis - MarketRank™

RPC scored higher than 50% of companies evaluated by MarketBeat, and ranked 184th out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.8 / 5
• Analyst Rating: Reduce

Consensus Rating

RPC has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

RPC has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 21.82%

Earnings Growth

Earnings for RPC are expected to grow by 21.82% in the coming year, from $0.55 to $0.67 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of RPC is 10.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.70.

Price to Earnings Ratio vs. Sector

The P/E ratio of RPC is 10.14, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.08.

Price to Book Value per Share Ratio

RPC has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

20.20% of the float of RPC has been sold short.

Short Interest Ratio / Days to Cover

RPC has a short interest ratio ("days to cover") of 9.9.

Change versus previous month

Short interest in RPC has recently decreased by 3.50%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

RPC pays a meaningful dividend of 2.68%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

RPC does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of RPC is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, RPC will have a dividend payout ratio of 23.88% next year. This indicates that RPC will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

20.20% of the float of RPC has been sold short.

Short Interest Ratio / Days to Cover

RPC has a short interest ratio ("days to cover") of 9.9.

Change versus previous month

Short interest in RPC has recently decreased by 3.50%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.02

News Sentiment

RPC has a news sentiment score of 0.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for RPC this week, compared to 2 articles on an average week.

MarketBeat Follows

2 people have added RPC to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, RPC insiders have not sold or bought any company stock.

Percentage Held by Insiders

60.40% of the stock of RPC is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

41.06% of the stock of RPC is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RES Stock Analysis - Frequently Asked Questions

How have RES shares performed this year?

RPC's stock was trading at $7.28 at the beginning of the year. Since then, RES shares have decreased by 22.0% and is now trading at $5.68.
View the best growth stocks for 2024 here.

How were RPC's earnings last quarter?

RPC, Inc. (NYSE:RES) issued its quarterly earnings data on Thursday, October, 24th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by $0.04. The business's quarterly revenue was up 2.2% compared to the same quarter last year.

Is RPC doing a stock buyback?

RPC's board authorized a stock buyback plan on Wednesday, April 26th 2023, which allows the company to buy back 8,000,000 shares, according to EventVestor. This allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Does RPC have any subsidiaries?

The following companies are subsidiaries of RPC: SITECH North and Central Florida, Bronco Oilfield Services, Bronco Oilfield Services Inc., Chippewa Sand Company LLC, Cudd Energy Services Australia Pty Ltd, Cudd Energy Services Gabon SARL, Cudd Pressure Control Inc., and more.

Who are RPC's major shareholders?

Top institutional shareholders of RPC include Van ECK Associates Corp (1.04%), Principal Financial Group Inc. (0.18%), Creative Planning (0.12%) and Exchange Traded Concepts LLC (0.08%). Insiders that own company stock include Lor Inc, Amy Rollins Kreisler, Gary W Rollins, Pam R Rollins, Rollins Holding Company, Inc and Ben M Palmer.
View institutional ownership trends.

How do I buy shares of RPC?

Shares of RES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of RPC own?

Based on aggregate information from My MarketBeat watchlists, some other companies that RPC investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Broadcom (AVGO), Arista Networks (ANET), Enterprise Products Partners (EPD) and Energy Transfer (ET).

Company Calendar

• Ex-Dividend for 9/10 Dividend: 8/09/2024
• Dividend Payable: 9/10/2024
• Last Earnings: 10/24/2024
• Today: 10/31/2024
• Ex-Dividend for 12/10 Dividend: 11/08/2024
• Dividend Payable: 12/10/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Oil & gas field services, not elsewhere classified
• Sub-Industry: Oil & Gas Equipment & Services
• Current Symbol: NYSE:RES
• CUSIP: 74966010
• CIK: 742278
• Web: www.rpc.net
• Phone: (404) 321-2140
• Fax: 404-321-5483
• Employees: 2,691
• Year Founded: 1984

Price Target and Rating

• Average Stock Price Target: $6.08
• High Stock Price Target: $7.00
• Low Stock Price Target: $5.25
• Potential Upside/Downside: +7.1%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.56
• Trailing P/E Ratio: 10.14
• Forward P/E Ratio: 10.33
• P/E Growth: N/A
• Net Income: $195.11 million
• Net Margins: 8.07%
• Pretax Margin: 10.26%
• Return on Equity: 11.36%
• Return on Assets: 9.08%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 5.04
• Quick Ratio: 4.19

Sales & Book Value

• Annual Sales: $1.47 billion
• Price / Sales: 0.83
• Cash Flow: $1.40 per share
• Price / Cash Flow: 4.07
• Book Value: $4.72 per share
• Price / Book: 1.20

Miscellaneous

• Outstanding Shares: 214,972,000
• Free Float: 85,129,000
• Market Cap: $1.22 billion
• Optionable: Optionable
• Beta: 1.55