RPC (RES) Stock Forecast, Price & News

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

2 brokers have issued 12-month price objectives for RPC's shares. Their RES share price forecasts range from $7.00 to $7.50. On average, they anticipate the company's share price to reach $7.25 in the next year. This suggests that the stock has a possible downside of 13.5%.
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 shares have decreased by 5.7% and is now trading at $8.38.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our RES earnings forecast.

RPC, Inc. (NYSE:RES) issued its quarterly earnings results on Wednesday, July, 26th. The oil and gas company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.43 by $0.13. The oil and gas company had revenue of $415.90 million for the quarter, compared to analyst estimates of $480.20 million. RPC had a net margin of 15.97% and a trailing twelve-month return on equity of 34.87%. The business's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS.

RPC declared a quarterly dividend on Wednesday, July 26th. Investors of record on Thursday, August 10th will be paid a dividend of $0.04 per share on Monday, September 11th. This represents a $0.16 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, August 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), 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 (NYSE:RES) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.91%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RES will have a dividend payout ratio of 11.19% 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 of Directors has initiated a stock repurchase program on Wednesday, April 26th 2023, which authorizes the company to repurchase 8,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.09%), Dimensional Fund Advisors LP (3.18%), Van ECK Associates Corp (1.96%), Gamco Investors INC. ET AL (1.42%), Pacer Advisors Inc. (0.82%) and Geode Capital Management LLC (0.76%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of RES stock can currently be purchased for approximately $8.38.

RPC (NYSE:RES) has a market capitalization of $1.81 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 $1.35 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.