RPC, Inc. (NYSE:RES - Get Free Report) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Investors of record on Monday, February 10th will be given a dividend of 0.04 per share by the oil and gas company on Monday, March 10th. This represents a $0.16 annualized dividend and a yield of 2.55%. The ex-dividend date is Monday, February 10th.
RPC has a dividend payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings.
RPC Stock Up 2.2 %
NYSE:RES traded up $0.14 during trading hours on Monday, reaching $6.27. 2,387,184 shares of the company's stock were exchanged, compared to its average volume of 1,695,980. RPC has a 12 month low of $5.54 and a 12 month high of $8.19. The company has a market capitalization of $1.35 billion, a P/E ratio of 14.57 and a beta of 1.59. The business's 50-day simple moving average is $6.25 and its two-hundred day simple moving average is $6.30.
RPC (NYSE:RES - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. RPC had a return on equity of 8.62% and a net margin of 6.46%. As a group, sell-side analysts anticipate that RPC will post 0.34 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Susquehanna dropped their target price on shares of RPC from $6.50 to $6.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Stifel Nicolaus reduced their price target on shares of RPC from $8.00 to $7.00 and set a "hold" rating on the stock in a research report on Friday, October 11th.
Check Out Our Latest Stock Analysis on RES
About RPC
(
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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.
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