RPC (RES) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RPC in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RES, but not buy additional shares or sell existing shares.
View RES analyst ratings or view top-rated stocks.

1 brokerages have issued 1 year price objectives for RPC's shares. Their RES share price forecasts range from $8.25 to $8.50. On average, they anticipate the company's share price to reach $8.38 in the next twelve months. This suggests a possible upside of 15.5% from the stock's current price.
View analysts price targets for RES or view top-rated stocks among Wall Street analysts.

RPC's stock was trading at $8.89 on January 1st, 2023. Since then, RES shares have decreased by 18.4% and is now trading at $7.25.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our RES earnings forecast.

RPC, Inc. (NYSE:RES) posted its quarterly earnings data on Wednesday, April, 26th. The oil and gas company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.02. The oil and gas company had revenue of $476.70 million for the quarter, compared to analyst estimates of $488.57 million. RPC had a trailing twelve-month return on equity of 35.56% and a net margin of 15.32%. The business's revenue was up 67.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 EPS.

RPC declared a quarterly dividend on Wednesday, April 26th. Investors of record on Wednesday, May 10th will be given a dividend of $0.04 per share on Friday, June 9th. This represents a $0.16 annualized dividend and a yield of 2.21%. The ex-dividend date is Tuesday, May 9th.
Read our dividend analysis for RES.

ETFs with the largest weight of RPC (NYSE:RES) stock in their portfolio include Invesco Dynamic Oil & Gas Services ETF (PXJ), SPDR S&P Oil & Gas Equipment & Services ETF (XES), Invesco S&P SmallCap Energy ETF (PSCE), VanEck Oil Services ETF (OIH), Direxion Daily Oil Services Bull 2X Shares (ONG), iShares U.S. Oil Equipment & Services ETF (IEZ), First Trust Small Cap Growth AlphaDEX Fund (FYC) and WisdomTree Emerging Markets SmallCap Dividend Fund (DGS).

RPC (NYSE:RES) pays an annual dividend of $0.16 per share and currently has a dividend yield of 2.21%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RES will have a dividend payout ratio of 8.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RES.

RPC declared that its board has initiated a share repurchase plan on Wednesday, April 26th 2023, which permits the company to repurchase 8,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its stock is undervalued.

8 employees have rated RPC Chief Executive Officer Richard A. Hubbell on Glassdoor.com. Richard A. Hubbell has an approval rating of 52% among the company's employees. This puts Richard A. Hubbell in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other RPC investors own include Chesapeake Energy (CHKAQ), Energy Transfer (ET), Ford Motor (F), QEP Resources (QEP), Oasis Petroleum (OAS), General Electric (GE), Lumen Technologies (LUMN), Marathon Oil (MRO), Pfizer (PFE) and AT&T (T).

RPC trades on the New York Stock Exchange (NYSE) under the ticker symbol "RES."

RPC's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.99%), Dimensional Fund Advisors LP (2.73%), Van ECK Associates Corp (1.83%), State Street Corp (1.83%), Gamco Investors INC. ET AL (1.44%) and Geode Capital Management LLC (0.68%). Insiders that own company stock include Amy Rollins Kreisler, Ben M Palmer, Gary W Rollins, Harry J Cynkus, Lor Inc, Manish Potti, Pam R Rollins and Rollins Holding Company, Inc.
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Shares of RES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RES stock can currently be purchased for approximately $7.25.

RPC (NYSE:RES) has a market capitalization of $1.57 billion and generates $1.60 billion in revenue each year. The oil and gas company earns $218.36 million in net income (profit) each year or $1.27 on an earnings per share basis.

The company employs 2,732 workers across the globe.

RPC's mailing address is 2801 BUFORD HIGHWAY SUITE 300, ATLANTA GA, 30329. The official website for the company is www.rpc.net. The oil and gas company can be reached via phone at (404) 321-2140, via email at jlanders@rpc.net, or via fax at 404-321-5483.