Headlines about RPC (NYSE:RES) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RPC earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 46.2428949239967 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- RPC (RES) and Eco-Stim Energy Solutions (ESES) Financial Comparison (americanbankingnews.com)
- Head to Head Contrast: Archrock (AROC) and RPC (RES) (americanbankingnews.com)
- Global Multiple Sclerosis Drugs Market Is Expected To Reach US$ 27.38 Bn By 2025 (abnewswire.com)
- Pressure Pumping Market – Emerge as Major Product Type Segment by 2025 (sbwire.com)
- RPC, Inc. (RES) Expected to Announce Quarterly Sales of $524.29 Million (americanbankingnews.com)
A number of equities research analysts recently issued reports on RES shares. Cowen Inc upped their price target on shares of RPC from $20.00 to $24.00 and gave the company a “market perform” rating in a research note on Thursday, July 27th. Jefferies Group LLC set a $26.00 price objective on shares of RPC and gave the company a “buy” rating in a research report on Monday, August 28th. Barclays PLC started coverage on shares of RPC in a research report on Tuesday, September 5th. They set an “equal weight” rating and a $19.00 price objective on the stock. Citigroup Inc. boosted their price objective on shares of RPC from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, October 5th. Finally, Deutsche Bank AG started coverage on shares of RPC in a research report on Tuesday, October 10th. They set a “hold” rating and a $25.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. RPC currently has an average rating of “Hold” and a consensus price target of $24.23.
RPC (NYSE:RES) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.03). The company had revenue of $471.00 million during the quarter, compared to analysts’ expectations of $474.41 million. RPC had a net margin of 6.03% and a return on equity of 10.31%. The business’s revenue for the quarter was up 167.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) earnings per share. sell-side analysts forecast that RPC will post 0.82 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 10th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, November 9th. This is an increase from RPC’s previous quarterly dividend of $0.06. RPC’s dividend payout ratio is 73.69%.
In other news, Director Amy Rollins Kreisler acquired 5,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were acquired at an average price of $23.21 per share, with a total value of $116,050.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $116,050. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 73.50% of the stock is currently owned by corporate insiders.
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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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