214 institutions hold shares in RPC Inc. (RES), with 148.32M shares held by insiders accounting for 69.44% while institutional investors hold 82.38% of the company’s shares. The shares outstanding are 204.70M, and float is at 73.72M with Short Float at 11.19%. Institutions hold 25.17% of the Float.
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The top institutional shareholder in the company is Blackrock Inc. with over 9.36 million shares valued at $29.48 million. The investor’s holdings represent 4.34% of the RES Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 6.39 million shares valued at $20.14 million to account for 2.96% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 4.25 million shares representing 1.97% and valued at over $13.38 million, while Gamco Investors Inc holds 1.53% of the shares totaling 3.31 million with a market value of $10.43 million.
RPC Inc. (NYSE: RES) is 71.11% higher on its value in year-to-date trading and has touched a low of $1.94 and a high of $7.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RES stock was last observed hovering at around $5.40 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $4.00 for the next 12 months. It is also 46.1% off the consensus price target high of $10.00 offered by 12 analysts, but current levels are -169.5% lower than the price target low of $2.00 for the same period.
Currently trading at $5.39, the stock is -5.24% and -0.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.68 million and changing -0.19% at the moment leaves the stock 45.65% off its SMA200. RES registered 170.85% gain for a year compared to 6-month gain of 93.88%. The firm has a 50-day simple moving average (SMA 50) of $5.78 and a 200-day simple moving average (SMA200) of $3.94.
The stock witnessed a -24.93% loss in the last 1 month and extending the period to 3 months gives it a 58.53%, and is 2.47% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.56% over the week and 6.93% over the month.
RPC Inc. (RES) has around 2005 employees, a market worth around $1.11B and $598.30M in sales. Fwd P/E is 72.84. Profit margin for the company is -35.50%. Distance from 52-week low is 177.84% and -27.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.60%).
RPC Inc. (RES) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for RPC Inc. (RES) is a “Underweight”. 12 analysts offering their recommendations for the stock have an average rating of 3.60, where 7 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 5 analysts have rated the stock as a Sell or Underperform.
RPC Inc. is expected to release its quarterly report on 07/28/2021 and quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $157.61M over the same period.The EPS is expected to shrink by -146.20% this year, but quarterly earnings will post 16.20% year-over-year. Quarterly sales are estimated to shrink -35.30% in year-over-year returns.
RPC Inc. (RES) Insider Activity
A total of 51 insider transactions have happened at RPC Inc. (RES) in the last six months, with sales accounting for 38 and purchases happening 13 times. The most recent transaction is an insider sale by ROLLINS GARY W, the company’s Chairman and CEO. SEC filings show that ROLLINS GARY W sold 150,000 shares of the company’s common stock on Mar 24 at a price of $5.14 per share for a total of $0.77 million. Following the sale, the insider now owns 82.46 million shares.
RPC Inc. disclosed in a document filed with the SEC on Mar 24 that LOR INC (10% Owner) sold a total of 150,000 shares of the company’s common stock. The trade occurred on Mar 24 and was made at $5.14 per share for $0.77 million. Following the transaction, the insider now directly holds 82.46 million shares of the RES stock.
Still, SEC filings show that on Mar 22, ROLLINS GARY W (Chairman and CEO) disposed off 100,000 shares at an average price of $5.12 for $0.51 million. The insider now directly holds 82,605,924 shares of RPC Inc. (RES).
RPC Inc. (RES): Who are the competitors?
The company’s main competitors (and peers) include Schlumberger Limited (SLB) that is trading 92.02% up over the past 12 months and Patterson-UTI Energy Inc. (PTEN) that is 310.00% higher over the same period. Baker Hughes Company (BKR) is 104.33% up on the 1-year trading charts. Short interest in the company’s stock has fallen -9.33% from the last report on Feb 11, 2021 to stand at a total of 9.02 million short shares sold with a short interest ratio of 6.36.