RPC (NYSE:RES) Reaches New 1-Year Low - What's Next?

RPC, Inc. (NYSE:RES - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.23 and last traded at $5.28, with a volume of 1840569 shares. The stock had previously closed at $5.58.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their price target on shares of RPC from $5.25 to $5.50 and gave the company a "sell" rating in a report on Thursday, February 20th.

RPC Stock Performance

The stock has a market capitalization of $1.17 billion, a P/E ratio of 12.55 and a beta of 1.52. The stock has a 50-day moving average price of $6.15 and a two-hundred day moving average price of $6.20.

RPC (NYSE:RES - Get Free Report) last posted its earnings results on Thursday, January 30th. The oil and gas company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. RPC had a net margin of 6.46% and a return on equity of 8.62%. Equities analysts anticipate that RPC, Inc. will post 0.31 earnings per share for the current fiscal year.

RPC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, February 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.97%. RPC's dividend payout ratio (DPR) is 37.21%.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in RPC by 540.4% in the third quarter. International Assets Investment Management LLC now owns 4,560 shares of the oil and gas company's stock worth $29,000 after purchasing an additional 3,848 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in RPC in the fourth quarter worth about $59,000. GAMMA Investing LLC increased its stake in shares of RPC by 437.4% during the fourth quarter. GAMMA Investing LLC now owns 10,087 shares of the oil and gas company's stock valued at $60,000 after purchasing an additional 8,210 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of RPC during the fourth quarter valued at approximately $64,000. Finally, Ieq Capital LLC purchased a new position in RPC during the fourth quarter valued at $65,000. Hedge funds and other institutional investors own 41.06% of the company's stock.

RPC Company Profile

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.