RPC, Inc (NYSE: RES) is -22.73% lower on its value in year-to-date trading and has touched a low of $4.10 and a high of $7.53 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 $4.73 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $4.59, the stock is -1.90% and -5.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing -2.96% at the moment leaves the stock -21.08% off its SMA200. RES registered -32.80% loss for a year compared to 6-month loss of -28.73%. The firm has a 50-day simple moving average (SMA 50) of $4.8702 and a 200-day simple moving average (SMA200) of $5.81585.
The stock witnessed a -5.17% gain in the last 1 month and extending the period to 3 months gives it a -11.39%, and is 2.23% 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 3.72% over the week and 2.15% over the month.
RPC, Inc (RES) has around 2597 employees, a market worth around $1.01B and $1.37B in sales. Current P/E ratio is 13.04 and Fwd P/E is 10.40. Profit margin for the company is 5.45%. Distance from 52-week low is 11.95% and -39.08% from its 52-week high. The company has generated returns on investments over the last 12 months (6.77%).
The EPS is expected to shrink by -20.99% this year
288.0 institutions hold shares in RPC, Inc (RES), with institutional investors hold 106.00% of the company’s shares. The shares outstanding are 216.02M, and float is at 97.41M with Short Float at 17.92%. Institutions hold 42.42% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.58 million shares valued at $$91.15 million. The investor’s holdings represent 6.904 of the RES Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.7 million shares valued at $$66.88 million to account for 5.0657 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 10.46 million shares representing 4.95 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.
