RPC, Inc (NYSE: RES) is -6.90% 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 $5.37 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $5.53, the stock is 1.00% and -8.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.37 million and changing 2.98% at the moment leaves the stock -10.79% off its SMA200. RES registered -27.43% loss for a year compared to 6-month gain of -8.60%. The firm has a 50-day simple moving average (SMA 50) of $6.0114 and a 200-day simple moving average (SMA200) of $6.19885.
The stock witnessed a -11.94% loss in the last 1 month and extending the period to 3 months gives it a -9.34%, and is 4.34% 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 4.08% over the week and 4.35% over the month.
RPC, Inc (RES) has around 2597 employees, a market worth around $1.19B and $1.42B in sales. Current P/E ratio is 13.04 and Fwd P/E is 12.29. Profit margin for the company is 6.35%. Distance from 52-week low is 9.83% and -32.48% 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
283.0 institutions hold shares in RPC, Inc (RES), with institutional investors hold 115.94% 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 44.96% 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.
