RPC, Inc. (RES) Stock Could Soon Reward Patient Investors

RPC, Inc. (NYSE: RES) is -3.43% lower on its value in year-to-date trading and has touched a low of $6.34 and a high of $9.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RES stock was last observed hovering at around $6.94 in the last trading session, with the day’s gains setting it 0.09%.

Currently trading at $7.03, the stock is 0.98% and -0.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 1.30% at the moment leaves the stock -8.92% off its SMA200. RES registered -21.89% loss for a year compared to 6-month loss of -16.11%. The firm has a 50-day simple moving average (SMA 50) of $0.82 and a 200-day simple moving average (SMA200) of $3.63.

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The stock witnessed a 5.24% gain in the last 1 month and extending the period to 3 months gives it a -3.43%, and is 1.59% 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 2.88% over the week and 3.66% over the month.

RPC, Inc. (RES) has around Feb 08 2024 employees, a market worth around $1.52B and $1.62B in sales. Current P/E ratio is 7.81 and Fwd P/E is 6.47. Profit margin for the company is 11.91%. Distance from 52-week low is 10.88% and -29.56% from its 52-week high. The company has generated returns on investments over the last 12 months (18.50%).

RPC, Inc. quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $390.71M over the same period.The EPS is expected to shrink by -13.40% this year, but quarterly earnings will post 0.70% year-over-year. Quarterly sales are estimated to shrink -20.00% in year-over-year returns.

RPC, Inc. (RES) Top Institutional Holders

285 institutions hold shares in RPC, Inc. (RES), with institutional investors hold 105.10% of the company’s shares. The shares outstanding are 216.61M, and float is at 96.97M with Short Float at 14.78%. Institutions hold 41.31% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 13.17 million shares valued at $94.2 million. The investor’s holdings represent 6.09% of the RES Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 10.82 million shares valued at $77.38 million to account for 5.00% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 6.88 million shares representing 3.18% and valued at over $49.17 million, while Van Eck Associates Corporation holds 1.96% of the shares totaling 4.25 million with a market value of $30.39 million.

RPC, Inc. (RES) Insider Activity

A total of 2 insider transactions have happened at RPC, Inc. (RES) in the last six months, with sales accounting for 2 and purchases happening 0 times.

RPC, Inc. (RES): Who are the competitors?

The company’s main competitors (and peers) include Schlumberger Ltd. (SLB) that is trading -16.00% down over the past 12 months. Patterson-UTI Energy Inc. (PTEN) that is -30.75% lower over the same period.