RPC (RES) Stock Price, News & Analysis

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RPC in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" RES shares.
View RES analyst ratings or view top-rated stocks.

2 brokers have issued twelve-month price targets for RPC's stock. Their RES share price targets range from $7.50 to $8.00. On average, they expect the company's share price to reach $7.75 in the next year. This suggests a possible upside of 6.5% 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 at the beginning of the year. Since then, RES stock has decreased by 18.1% and is now trading at $7.28.
View the best growth stocks for 2023 here.

RPC saw a increase in short interest in December. As of December 15th, there was short interest totaling 12,160,000 shares, an increase of 25.2% from the November 30th total of 9,710,000 shares. Based on an average daily volume of 1,650,000 shares, the short-interest ratio is presently 7.4 days. Approximately 12.6% of the company's shares are short sold.
View RPC's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our RES earnings forecast.

RPC, Inc. (NYSE:RES) posted its earnings results on Wednesday, October, 25th. The oil and gas company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.24 by $0.16. The oil and gas company had revenue of $330.42 million for the quarter, compared to the consensus estimate of $377.70 million. RPC had a net margin of 14.19% and a trailing twelve-month return on equity of 27.38%.

RPC announced a quarterly dividend on Wednesday, October 25th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.04 per share on Monday, December 11th. This represents a $0.16 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Thursday, November 9th.
Read our dividend analysis for RES.

RPC (NYSE:RES) pays an annual dividend of $0.16 per share and currently has a dividend yield of 2.20%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RES will have a dividend payout ratio of 17.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RES.

ETFs with the largest weight of RPC (NYSE:RES) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ), SPDR S&P Oil & Gas Equipment & Services ETF (XES), VanEck Oil Services ETF (OIH), Invesco S&P SmallCap Energy ETF (PSCE) and Direxion Daily Oil Services Bull 2X Shares (ONG).iShares U.S. Oil Equipment & Services ETF (IEZ).

RPC declared that its board has initiated a stock buyback program on Wednesday, April 26th 2023, which allows the company to repurchase 8,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are 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).

Shares of RES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.