Exclusive: Is RPC, Inc.’s Fuel For Real? The Stock Just Increased Again

Exclusive: Is RPC, Inc.'s Fuel For Real? The Stock Just Increased Again

The stock of RPC, Inc. (NYSE:RES) is a huge mover today! About 1.02 million shares traded hands. RPC, Inc. (NYSE:RES) has risen 18.36% since March 2, 2016 and is uptrending. It has outperformed by 10.10% the S&P500.
The move comes after 6 months positive chart setup for the $3.79 billion company. It was reported on Oct, 5 by Barchart.com. We have $22.57 PT which if reached, will make NYSE:RES worth $1.06B more.

Analysts await RPC, Inc. (NYSE:RES) to report earnings on October, 26. They expect $-0.22 earnings per share, down 37.50% or $0.06 from last year’s $-0.16 per share. After $-0.23 actual earnings per share reported by RPC, Inc. for the previous quarter, Wall Street now forecasts -4.35% EPS growth.

RPC, Inc. (NYSE:RES) Ratings Coverage

Out of 13 analysts covering RPC (NYSE:RES), 5 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 38% are positive. RPC has been the topic of 31 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The rating was maintained by FBR Capital with “Market Perform” on Monday, September 21. Oppenheimer maintained RPC, Inc. (NYSE:RES) on Thursday, October 1 with “Perform” rating. On Tuesday, January 12 the stock rating was upgraded by Tudor Pickering to “Buy”. Guggenheim initiated it with “Buy” rating and $18 target price in Tuesday, December 22 report. Morgan Stanley upgraded the shares of RES in a report on Thursday, January 28 to “Overweight” rating. The firm has “Outperform” rating by Wells Fargo given on Monday, January 11. The rating was upgraded by Seaport Global Securities to “Neutral” on Tuesday, October 4. The rating was maintained by Citigroup with “Neutral” on Friday, August 14. As per Wednesday, January 6, the company rating was upgraded by FBR Capital. The stock has “Neutral” rating given by SunTrust on Monday, August 24.

According to Zacks Investment Research, “RPC, Inc. provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties. It operates its business through two business segments- Technical Services and Support Services. Services and products offered by the Company include Cudd Pumping, Coiled Tubing, Snubbing, Nitrogen Units, Thru Tubing Solutions, Wireline, Fluid Pumps, Well Control, Production Rental Tools, Patterson Rental Tools, Patterson Tubular Services and Well Control School. The Company’s products and services can be found throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. RPC, Inc. is headquartered in Atlanta, Georgia.”

Insitutional Activity: The institutional sentiment increased to 1.01 in Q2 2016. Its up 0.12, from 0.89 in 2016Q1. The ratio is positive, as 27 funds sold all RPC, Inc. shares owned while 51 reduced positions. 19 funds bought stakes while 60 increased positions. They now own 75.44 million shares or 0.14% less from 75.55 million shares in 2016Q1.
Opportunities Cap Mgmt Limited Liability Corporation holds 487,887 shares or 2.28% of its portfolio. The Massachusetts-based Acadian Asset Management Ltd Liability Corp has invested 0% in RPC, Inc. (NYSE:RES). Creative Planning last reported 2,728 shares in the company. Bank & Trust Of America Corp De holds 0% of its portfolio in RPC, Inc. (NYSE:RES) for 177,451 shares. California State Teachers Retirement Sys has 126,697 shares for 0% of their US portfolio. Moreover, Cramer Rosenthal Mcglynn Limited Liability Co has 0.81% invested in RPC, Inc. (NYSE:RES) for 3.23 million shares. Rs Investment Mngmt Lc holds 0.14% of its portfolio in RPC, Inc. (NYSE:RES) for 851,400 shares. Moreover, Indexiq Advisors Ltd Liability Com has 0% invested in RPC, Inc. (NYSE:RES) for 2,322 shares. Calvert Invest accumulated 17,723 shares or 0.01% of the stock. State Board Of Administration Of Florida Retirement Sys has 98,578 shares for 0% of their US portfolio. Next Finance Grp holds 0% of its portfolio in RPC, Inc. (NYSE:RES) for 190 shares. Pacad Inv Limited has 0.11% invested in the company for 49,600 shares. State Of Tennessee Treasury Department has 94,200 shares for 0.01% of their US portfolio. Pine River Limited Partnership holds 0.15% or 800,000 shares in its portfolio. Blackrock has 129,618 shares for 0% of their US portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 1 insider sale for $1.58 million net activity. 100,000 RPC, Inc. (NYSE:RES) shares with value of $1.58M were sold by HUBBELL RICHARD A.

Another recent and important RPC, Inc. (NYSE:RES) news was published by Prnewswire.com which published an article titled: “RPC, Inc. to Present at Johnson Rice 2016 Energy Conference” on September 16, 2016.

RES Company Profile

RPC, Inc. (RPC), incorporated on January 20, 1984, is a holding firm for several oilfield services companies. The Firm provides a range of specialized oilfield services and equipment to independent and gas and oil companies engaged in the exploration, production and development of gas and oil properties across the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets. The Firm operates through two divisions: Technical Services and Support Services. RPC acts as a holding firm for its operating units, Cudd Energy Services, Patterson Rental and Fishing Tools, Bronco Oilfield Services, Thru Tubing Solutions, Well Control School and others.

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