Stock of The Day: Is RPC, Inc. a Buy? The Stock Rises Again

Stock of The Day: Is RPC, Inc. a Buy? The Stock Rises Again

The stock of RPC, Inc. (NYSE:RES) is a huge mover today! About 1.78 million shares traded hands or 7.88% up from the average. RPC, Inc. (NYSE:RES) has risen 18.33% since April 27, 2016 and is uptrending. It has outperformed by 13.11% the S&P500.
The move comes after 8 months positive chart setup for the $4.21 billion company. It was reported on Nov, 30 by Barchart.com. We have $20.76 PT which if reached, will make NYSE:RES worth $210.50M more.

Analysts await RPC, Inc. (NYSE:RES) to report earnings on January, 25. They expect $-0.14 EPS, up 22.22% or $0.04 from last year’s $-0.18 per share. After $-0.18 actual EPS reported by RPC, Inc. for the previous quarter, Wall Street now forecasts -22.22% EPS growth.

RPC, Inc. (NYSE:RES) Ratings Coverage

Out of 14 analysts covering RPC (NYSE:RES), 6 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 43% are positive. RPC has been the topic of 33 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of RPC, Inc. (NYSE:RES) earned “Outperform” rating by Cowen & Co on Thursday, April 28. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, March 11 report. SunTrust downgraded RPC, Inc. (NYSE:RES) rating on Monday, August 24. SunTrust has “Neutral” rating and $9 price target. FBR Capital maintained RPC, Inc. (NYSE:RES) rating on Monday, September 21. FBR Capital has “Market Perform” rating and $11 price target. The stock has “Perform” rating given by Oppenheimer on Thursday, October 1. The stock of RPC, Inc. (NYSE:RES) has “Reduce” rating given on Tuesday, April 19 by Seaport Global. The firm has “Outperform” rating given on Thursday, October 27 by FBR Capital. Tudor Pickering upgraded the stock to “Buy” rating in Tuesday, January 12 report. The firm has “Neutral” rating given on Monday, December 21 by Credit Suisse. The stock of RPC, Inc. (NYSE:RES) has “Neutral” rating given on Wednesday, July 13 by Citigroup.

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 1.13 in 2016 Q2. Its up 0.12, from 1.01 in 2016Q1. The ratio improved, 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.
Moreover, Point72 Asia (Hong Kong) has 0% invested in RPC, Inc. (NYSE:RES) for 100 shares. Gabelli Funds Limited Liability Corp holds 0.29% of its portfolio in RPC, Inc. (NYSE:RES) for 3.11M shares. Moreover, Voya Invest Lc has 0% invested in RPC, Inc. (NYSE:RES) for 19,192 shares. Guggenheim Capital Ltd accumulated 0.01% or 169,522 shares. Alliancebernstein Lp accumulated 5.46 million shares or 0.07% of the stock. Great West Life Assurance Co Can owns 7,525 shares or 0% of their US portfolio. Ny State Teachers Retirement System holds 0% or 4,900 shares in its portfolio. Wasatch Inc, a Utah-based fund reported 573,032 shares. The Kansas-based Waddell & Reed Fincl has invested 0.01% in RPC, Inc. (NYSE:RES). State Street has invested 0% of its portfolio in RPC, Inc. (NYSE:RES). Bnp Paribas Arbitrage has 0% invested in the company for 4,799 shares. Wfg Limited Partnership accumulated 1 shares or 0% of the stock. Segall Bryant Hamill owns 29,038 shares or 0.01% of their US portfolio. Barclays Public Limited Liability Corp accumulated 0% or 24,726 shares. The New York-based Lombard Odier Asset Mngmt (Usa) has invested 0.28% in RPC, Inc. (NYSE:RES).

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 2 sales for $2.21 million net activity. $635,058 worth of RPC, Inc. (NYSE:RES) shares were sold by PALMER BEN M. $1.58 million worth of RPC, Inc. (NYSE:RES) was sold by HUBBELL RICHARD A.

More news for RPC, Inc. (NYSE:RES) were recently published by: Prnewswire.com, which released: “RPC, Inc. to Present at the Jefferies 6th Annual Energy Conference” on November 28, 2016. Nasdaq.com‘s article titled: “RPC, Inc. (RES) Ex-Dividend Date Scheduled for November 08, 2016” and published on November 07, 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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