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RPC, Inc. (RES) – Don’t Believe the Hype: Check The Facts

RPC, Inc. (NYSE: RES) is 9.48% higher on its value in year-to-date trading and has touched a low of $6.34 and a high of $9.41 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 $7.84 in the last trading session, with the day’s gains setting it 0.13%.

Currently trading at $7.97, the stock is 4.59% and 8.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 1.66% at the moment leaves the stock 2.60% off its SMA200. RES registered 3.64% gain for a year compared to 6-month loss of -4.89%. The firm has a 50-day simple moving average (SMA 50) of $0.92 and a 200-day simple moving average (SMA200) of $4.09.

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The stock witnessed a 8.88% gain in the last 1 month and extending the period to 3 months gives it a 11.78%, and is 5.42% 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 2.36% over the week and 2.70% over the month.

RPC, Inc. (RES) has around 2691 employees, a market worth around $1.72B and $1.62B in sales. Current P/E ratio is 8.88 and Fwd P/E is 7.79. Profit margin for the company is 11.87%. Distance from 52-week low is 25.71% and -15.35% from its 52-week high. The company has generated returns on investments over the last 12 months (18.43%).

RPC, Inc. quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $390.92M over the same period.The EPS is expected to shrink by -17.78% this year, but quarterly earnings will post -0.40% year-over-year. Quarterly sales are estimated to shrink -20.00% in year-over-year returns.

287 institutions hold shares in RPC, Inc. (RES), with institutional investors hold 105.45% of the company’s shares. The shares outstanding are 215.03M, and float is at 96.62M with Short Float at 14.62%. Institutions hold 41.72% 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.

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