The stock of RPC, Inc. (NYSE:RES) is a huge mover today! About 336,112 shares traded hands. RPC, Inc. (NYSE:RES) has risen 13.61% since April 13, 2016 and is uptrending. It has outperformed by 9.68% the S&P500.
The move comes after 6 months positive chart setup for the $3.88B company. It was reported on Nov, 15 by Barchart.com. We have $23.00 PT which if reached, will make NYSE:RES worth $1.16B more.
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 32 analyst reports since August 14, 2015 according to StockzIntelligence Inc. As per Thursday, March 17, the company rating was downgraded by Morgan Stanley. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, April 19 report. The stock of RPC, Inc. (NYSE:RES) has “Neutral” rating given on Monday, December 21 by Credit Suisse. Citigroup maintained it with “Neutral” rating and $13 target price in Friday, August 14 report. The rating was downgraded by Goldman Sachs to “Neutral” on Friday, March 11. The stock has “Perform” rating given by Oppenheimer on Thursday, October 1. The stock of RPC, Inc. (NYSE:RES) earned “Outperform” rating by FBR Capital on Wednesday, January 6. The firm earned “Reduce” rating on Tuesday, April 19 by Seaport Global. The stock of RPC, Inc. (NYSE:RES) earned “Outperform” rating by FBR Capital on Monday, March 7. Citigroup maintained the shares of RES in a report on Wednesday, July 13 with “Neutral” rating.
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 2016 Q2. 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.
State Board Of Administration Of Florida Retirement, a Florida-based fund reported 98,578 shares. National Bank Of Mellon Corporation has invested 0.01% of its portfolio in RPC, Inc. (NYSE:RES). Arosa Cap Mgmt L P owns 1.11M shares or 2.1% of their US portfolio. Kcg Holdings has invested 0% of its portfolio in RPC, Inc. (NYSE:RES). Rs Inv Mngmt Company Limited Liability Corporation last reported 0.14% of its portfolio in the stock. Blackrock Limited last reported 0% of its portfolio in the stock. Aperio Group Ltd Co holds 0.01% of its portfolio in RPC, Inc. (NYSE:RES) for 43,001 shares. Jennison Assoc Limited Liability has 1.70M shares for 0.03% of their US portfolio. Moreover, Manufacturers Life Ins The has 0% invested in RPC, Inc. (NYSE:RES) for 6,112 shares. Castleark Management Ltd Liability Corp, a Illinois-based fund reported 74,600 shares. Sei Invs last reported 9,757 shares in the company. Viking Fund Mgmt Ltd Liability Corporation accumulated 2.42% or 900,000 shares. Legal General Grp Plc last reported 0% of its portfolio in the stock. The Massachusetts-based Panagora Asset has invested 0% in RPC, Inc. (NYSE:RES). Alphaone Investment Limited Liability Corp accumulated 1.1% or 191,690 shares.
Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 1 sale for $1.58 million net activity. HUBBELL RICHARD A sold $1.58 million worth of RPC, Inc. (NYSE:RES) on Monday, June 6.
More news for RPC, Inc. (NYSE:RES) were recently published by: Prnewswire.com, which released: “RPC, Inc. Announces Year-End Cash Dividend” on October 26, 2016. Prnewswire.com‘s article titled: “Amy Rollins Kreisler Appointed to the RPC, Inc. Board of Directors” and published on October 25, 2016 is yet another important article.
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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