Are Analysts Bullish RPC, Inc. (NYSE:RES) After Last Week?

January 20, 2018 - By Winifred Garcia

 Are Analysts Bullish RPC, Inc. (NYSE:RES) After Last Week?
Investors sentiment decreased to 0.94 in Q3 2017. Its down 0.05, from 0.99 in 2017Q2. It dived, as 29 investors sold RPC, Inc. shares while 69 reduced holdings. 42 funds opened positions while 50 raised stakes. 80.91 million shares or 2.04% more from 79.30 million shares in 2017Q2 were reported.
Virginia Retirement Et Al holds 45,590 shares or 0.01% of its portfolio. 59,510 are owned by Nationwide Fund Advisors. Employees Retirement Sys Of Texas has invested 0.07% in RPC, Inc. (NYSE:RES). Susquehanna Intll Gru Llp holds 0% or 90,214 shares in its portfolio. Credit Suisse Ag has 0% invested in RPC, Inc. (NYSE:RES) for 63,258 shares. State Street Corporation owns 0% invested in RPC, Inc. (NYSE:RES) for 1.26 million shares. Cubist Systematic Strategies Lc stated it has 11,700 shares. Carmignac Gestion invested in 0.09% or 465,000 shares. Ahl Ptnrs Llp has invested 0.01% in RPC, Inc. (NYSE:RES). Tudor Invest Et Al owns 0.01% invested in RPC, Inc. (NYSE:RES) for 10,894 shares. Jpmorgan Chase & reported 0% of its portfolio in RPC, Inc. (NYSE:RES). Alpha Windward Limited Liability Company stated it has 0.03% in RPC, Inc. (NYSE:RES). Illinois-based Balyasny Asset Management Ltd Liability Com has invested 0% in RPC, Inc. (NYSE:RES). 366,398 were reported by Mraz Amerine. First Mercantile Trust holds 0.07% or 16,540 shares.

RPC, Inc. (NYSE:RES) Ratings Coverage

Among 24 analysts covering RPC (NYSE:RES), 6 have Buy rating, 1 Sell and 17 Hold. Therefore 25% are positive. RPC had 75 analyst reports since August 14, 2015 according to SRatingsIntel. Tudor Pickering upgraded the shares of RES in report on Tuesday, January 12 to “Buy” rating. B. Riley & Co downgraded the shares of RES in report on Friday, December 22 to “Neutral” rating. The stock of RPC, Inc. (NYSE:RES) earned “Neutral” rating by Citigroup on Monday, October 5. The firm earned “Buy” rating on Monday, August 28 by Jefferies. The rating was upgraded by Guggenheim on Thursday, January 26 to “Buy”. Goldman Sachs downgraded the shares of RES in report on Friday, March 11 to “Neutral” rating. Citigroup maintained the shares of RES in report on Wednesday, July 13 with “Neutral” rating. On Thursday, October 26 the stock rating was downgraded by Raymond James to “Hold”. Citigroup maintained RPC, Inc. (NYSE:RES) on Friday, March 18 with “Neutral” rating. The stock has “Buy” rating by Tudor Pickering on Friday, March 24. Below is a list of RPC, Inc. (NYSE:RES) latest ratings and price target changes.

12/01/2018 Broker: Wells Fargo Rating: Hold Downgrade
11/01/2018 Broker: Cowen & Co Rating: Hold New Target: $28.0 Maintain
11/01/2018 Broker: Piper Jaffray Rating: Hold New Target: $24.0 Maintain
10/01/2018 Broker: Stephens Rating: Equal-Weight New Target: $28 Initiates Coverage On
04/01/2018 Broker: Jefferies Rating: Hold New Target: $29.0 Maintain
22/12/2017 Broker: B. Riley & Co Old Rating: Buy New Rating: Neutral Downgrade
22/12/2017 Broker: FBR Capital Rating: Inc.
07/12/2017 Broker: Evercore Old Rating: Outperform New Rating: In-Line Downgrade
14/11/2017 Broker: FBR Capital Rating: Buy New Target: $27.0
14/11/2017 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Underweight Downgrade

The stock increased 1.32% or $0.32 during the last trading session, reaching $24.65. About 1.20M shares traded. RPC, Inc. (NYSE:RES) has risen 47.61% since January 20, 2017 and is uptrending. It has outperformed by 30.91% the S&P500.

RPC, Inc. provides a range of oilfield services and equipment for gas and oil companies involved in the exploration, production, and development of gas and oil properties in the United States, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, and the Middle East. The company has market cap of $5.34 billion. The firm operates in two divisions, Technical Services and Support Services. It has a 64.87 P/E ratio. The Technical Services segment offers pressure pumping, fracturing, acidizing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing services that are used in the completion, production, and maintenance of gas and oil wells.

Another recent and important RPC, Inc. (NYSE:RES) news was published by Zacks.com which published an article titled: “Bull of the Day: RPC Inc. (RES)” on January 19, 2018.

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