RPC (RES) to Release Earnings on Thursday

RPC (NYSE:RES - Get Free Report) is expected to be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect RPC to post earnings of $0.06 per share and revenue of $329,082.25 billion for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

RPC (NYSE:RES - Get Free Report) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). RPC had a return on equity of 11.36% and a net margin of 8.07%. The firm had revenue of $337.70 million during the quarter, compared to analysts' expectations of $365.33 million. During the same period in the previous year, the business posted $0.08 earnings per share. The company's revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts expect RPC to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

RPC Stock Performance

Shares of NYSE RES traded up $0.15 during midday trading on Thursday, hitting $6.85. 2,189,292 shares of the company's stock traded hands, compared to its average volume of 1,504,457. The firm has a fifty day moving average of $6.20 and a 200 day moving average of $6.28. RPC has a 1 year low of $5.54 and a 1 year high of $8.19. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 12.22 and a beta of 1.59.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RES. Susquehanna decreased their price target on shares of RPC from $6.50 to $6.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus dropped their target price on shares of RPC from $8.00 to $7.00 and set a "hold" rating for the company in a report on Friday, October 11th.

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.