RPC, Inc. (NYSE: RES) is -12.50% lower on its value in year-to-date trading and has touched a low of $5.66 and a high of $9.22 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 $6.40 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $6.37, the stock is -4.95% and -0.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing -0.47% at the moment leaves the stock -6.65% off its SMA200. RES registered -29.85% loss for a year compared to 6-month loss of -19.87%. The firm has a 50-day simple moving average (SMA 50) of $6.4208 and a 200-day simple moving average (SMA200) of $6.8237.
The stock witnessed a -3.04% gain in the last 1 month and extending the period to 3 months gives it a 9.64%, and is -9.00% down 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 3.84% over the week and 3.92% over the month.
RPC, Inc. (RES) has around 2691 employees, a market worth around $1.37B and $1.47B in sales. Current P/E ratio is 11.65 and Fwd P/E is 11.22. Profit margin for the company is 7.95%. Distance from 52-week low is 12.54% and -30.91% from its 52-week high. The company has generated returns on investments over the last 12 months (10.82%).
with sales reaching $369.76M over the same period.The EPS is expected to shrink by -46.91% this year, but quarterly earnings will post -8.90% year-over-year. Quarterly sales are estimated to grow 11.90% in year-over-year returns.
RPC, Inc. (RES) Top Institutional Holders
293.0 institutions hold shares in RPC, Inc. (RES), with institutional investors hold 110.83% of the company’s shares. The shares outstanding are 215.03M, and float is at 95.46M with Short Float at 20.93%. Institutions hold 43.55% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.58 million shares valued at $91.15 million. The investor’s holdings represent 6.8893% of the RES Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.7 million shares valued at $66.88 million to account for 5.055 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 10.46 million shares representing 4.9395% and valued at over $65.35 million, while PACER ADVISORS, INC. holds 4.0902 of the shares totaling 8.66 million with a market value of $54.12 million.
RPC, Inc. (RES) Insider Activity
#####
