RPC (RES) Scheduled to Post Earnings on Thursday

RPC (NYSE:RES) is scheduled to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.

RPC (NYSE:RES) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $394.50 million for the quarter, compared to analysts’ expectations of $374.22 million. RPC had a net margin of 12.06% and a return on equity of 21.26%. The firm’s revenue was down 18.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. On average, analysts expect RPC to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

RPC Trading Down 0.6 %

Shares of RES opened at $7.65 on Thursday. RPC has a 12-month low of $6.34 and a 12-month high of $9.41. The stock has a market cap of $1.65 billion, a P/E ratio of 8.50 and a beta of 1.60. The company has a 50-day moving average of $7.54 and a two-hundred day moving average of $7.55.

RPC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 9th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.09%. RPC’s dividend payout ratio (DPR) is 17.78%.

Analyst Ratings Changes

Separately, Susquehanna increased their target price on RPC from $6.50 to $8.00 and gave the company a “neutral” rating in a report on Monday, April 8th.

Institutional Investors Weigh In On RPC

A number of hedge funds and other institutional investors have recently modified their holdings of RES. Captrust Financial Advisors acquired a new stake in RPC during the second quarter worth approximately $72,000. LPL Financial LLC purchased a new stake in shares of RPC in the second quarter valued at $70,000. Royal Bank of Canada increased its stake in RPC by 2,200.9% in the third quarter. Royal Bank of Canada now owns 10,009 shares of the oil and gas company’s stock valued at $69,000 after purchasing an additional 9,574 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in RPC by 79.4% during the first quarter. Tower Research Capital LLC TRC now owns 6,827 shares of the oil and gas company’s stock worth $53,000 after buying an additional 3,021 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in RPC in the 2nd quarter worth about $51,000. 41.06% of the stock is currently owned by hedge funds and other institutional investors.

RPC Company Profile

RPC, Inc, through its subsidiaries, engages provision of a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells.