RPC (NYSE:RES) Stock Price Down 4.1% - What's Next?

RPC, Inc. (NYSE:RES - Get Free Report)'s stock price fell 4.1% during trading on Wednesday . The stock traded as low as $5.05 and last traded at $5.08. 121,619 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 1,487,561 shares. The stock had previously closed at $5.29.

Wall Street Analysts Forecast Growth

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

RPC Stock Performance

The company's 50 day moving average price is $6.14 and its 200 day moving average price is $6.19. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 12.55 and a beta of 1.52.

RPC (NYSE:RES - Get Free Report) last issued its earnings results 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%. As a group, analysts predict that RPC, Inc. will post 0.31 EPS for the current year.

RPC Dividend Announcement

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

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its position in RPC by 38.9% during the 3rd quarter. Pacer Advisors Inc. now owns 12,029,993 shares of the oil and gas company's stock worth $76,511,000 after buying an additional 3,371,490 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in RPC by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,620,598 shares of the oil and gas company's stock worth $69,025,000 after buying an additional 459,700 shares in the last quarter. Vanguard Group Inc. lifted its position in RPC by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 10,880,406 shares of the oil and gas company's stock worth $64,630,000 after buying an additional 99,370 shares in the last quarter. State Street Corp lifted its position in RPC by 6.2% during the 3rd quarter. State Street Corp now owns 4,202,844 shares of the oil and gas company's stock worth $26,730,000 after buying an additional 245,372 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in RPC by 3.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 3,081,429 shares of the oil and gas company's stock worth $18,304,000 after purchasing an additional 97,369 shares during the last quarter. Institutional investors and hedge funds 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.