RPC (NYSE:RES - Get Free Report) announced its earnings results on Thursday. The oil and gas company reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06, Zacks reports. RPC had a net margin of 6.46% and a return on equity of 8.62%.
RPC Trading Up 2.2 %
RES stock traded up $0.14 during midday trading on Monday, reaching $6.27. The stock had a trading volume of 2,387,184 shares, compared to its average volume of 1,675,617. The company's fifty day simple moving average is $6.25 and its 200 day simple moving average is $6.30. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 14.57 and a beta of 1.58. RPC has a 52-week low of $5.54 and a 52-week high of $8.19.
RPC Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.16 dividend on an annualized basis and a yield of 2.55%. RPC's payout ratio is currently 37.21%.
Wall Street Analyst Weigh In
RES has been the topic of several recent analyst reports. Susquehanna cut their price objective 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 cut their price objective on shares of RPC from $8.00 to $7.00 and set a "hold" rating on the stock in a report on Friday, October 11th.
Get Our Latest Research Report on RPC
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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