Somewhat Positive Media Coverage Very Likely to Impact RPC (RES) Stock Price

News stories about RPC (NYSE:RES) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RPC earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 88 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment’s analysis:

RPC (RES) traded up 0.56% on Friday, reaching $21.55. 1,432,959 shares of the company’s stock traded hands. The firm’s market cap is $4.69 billion. RPC has a 12 month low of $13.50 and a 12 month high of $23.36. The firm’s 50-day moving average is $20.35 and its 200 day moving average is $19.70.

RPC (NYSE:RES) last issued its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. RPC had a negative return on equity of 1.76% and a negative net margin of 1.15%. The firm had revenue of $399 million during the quarter, compared to the consensus estimate of $415.65 million. During the same period last year, the company earned ($0.23) earnings per share. The company’s revenue was up 179.0% on a year-over-year basis. Equities analysts predict that RPC will post $0.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Thursday, August 10th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.11%. This is an increase from RPC’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, August 8th. RPC’s dividend payout ratio (DPR) is presently -83.32%.

RES has been the topic of a number of recent research reports. Morgan Stanley lowered their price target on shares of RPC from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 21st. Jefferies Group LLC reaffirmed a “buy” rating and set a $26.00 price target on shares of RPC in a research report on Friday, June 9th. Wolfe Research lowered shares of RPC from an “outperform” rating to a “market perform” rating and set a $20.00 price target on the stock. in a research report on Monday, April 17th. Seaport Global Securities lowered shares of RPC from a “buy” rating to a “neutral” rating and decreased their target price for the company from $25.00 to $20.00 in a report on Wednesday, June 21st. Finally, BMO Capital Markets initiated coverage on shares of RPC in a report on Wednesday, April 12th. They issued an “outperform” rating and a $24.00 target price on the stock. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $22.91.

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RPC Company Profile

RPC, Inc (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment primarily to independent oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets.

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