RPC, Inc (NYSE: RES) is -11.95% lower on its value in year-to-date trading and has touched a low of $5.03 and a high of $8.19 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 $5.30 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $5.23, the stock is -6.98% and -13.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing -1.32% at the moment leaves the stock -15.99% off its SMA200. RES registered -31.09% loss for a year compared to 6-month gain of -12.69%. The firm has a 50-day simple moving average (SMA 50) of $6.0612 and a 200-day simple moving average (SMA200) of $6.22535.
The stock witnessed a -14.40% loss in the last 1 month and extending the period to 3 months gives it a -10.45%, and is -0.19% 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 5.32% over the week and 4.20% over the month.
RPC, Inc (RES) has around 2597 employees, a market worth around $1.13B and $1.42B in sales. Current P/E ratio is 12.33 and Fwd P/E is 11.62. Profit margin for the company is 6.35%. Distance from 52-week low is 3.87% and -36.14% from its 52-week high. The company has generated returns on investments over the last 12 months (8.16%).
The EPS is expected to shrink by -28.49% this year
282.0 institutions hold shares in RPC, Inc (RES), with institutional investors hold 115.64% of the company’s shares. The shares outstanding are 214.94M, and float is at 95.65M with Short Float at 19.16%. Institutions hold 44.97% 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 4.0989 of the shares totaling 8.66 million with a market value of $54.12 million.
