RPC, Inc. (NYSE:RES - Get Free Report)'s share price hit a new 52-week low on Thursday . The stock traded as low as $4.93 and last traded at $4.94, with a volume of 256767 shares changing hands. The stock had previously closed at $5.72.
Analyst Upgrades and Downgrades
Separately, Citigroup upgraded shares of RPC from a "sell" rating to a "neutral" rating and cut their price target for the company from $5.50 to $4.75 in a report on Tuesday.
Get Our Latest Report on RES
RPC Stock Down 3.5 %
The company has a market cap of $925.79 million, a price-to-earnings ratio of 9.97 and a beta of 1.27. The company's fifty day moving average price is $5.67 and its two-hundred day moving average price is $6.07.
RPC (NYSE:RES - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. RPC had a net margin of 6.46% and a return on equity of 8.62%. On average, equities research analysts predict that RPC, Inc. will post 0.31 earnings per share for the current fiscal year.
RPC Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a $0.04 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.16 annualized dividend and a yield of 3.73%. RPC's payout ratio is 37.21%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Nicholas Hoffman & Company LLC. purchased a new position in shares of RPC in the fourth quarter worth $59,000. GAMMA Investing LLC increased its holdings in RPC by 437.4% in the 4th quarter. GAMMA Investing LLC now owns 10,087 shares of the oil and gas company's stock worth $60,000 after acquiring an additional 8,210 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in RPC during the 4th quarter valued at approximately $64,000. Ieq Capital LLC bought a new position in shares of RPC during the 4th quarter valued at approximately $65,000. Finally, Vise Technologies Inc. purchased a new stake in RPC in the fourth quarter worth $66,000. 41.06% of the stock is owned by institutional investors.
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.
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