RPC (NYSE:RES) Issues Earnings Results, Meets Expectations

RPC (NYSE:RES) issued its quarterly earnings data on Thursday. The oil and gas company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06, Zacks reports. RPC had a net margin of 8.07% and a return on equity of 11.36%.

RPC Price Performance

Shares of RES stock opened at $6.13 on Friday. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 10.94 and a beta of 1.59. RPC has a 1 year low of $5.54 and a 1 year high of $8.19. The firm has a fifty day moving average price of $6.25 and a 200-day moving average price of $6.30.

RPC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be given a $0.04 dividend. The ex-dividend date is Monday, February 10th. This represents a $0.16 annualized dividend and a yield of 2.61%. RPC’s payout ratio is presently 28.57%.

Analysts Set New Price Targets

RES has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on RPC from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Susquehanna lowered their price target on RPC from $6.50 to $6.00 and set a “neutral” rating on the stock in a report on Friday, October 25th.

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.