PRC (NYSE: RES) was upgraded by TheStreet research analysts from a “d+” rating to a “c” rating in a report released Wednesday, reports TheStreetRatingsTable.
RPC shares opened at $5.97 on Wednesday. The stock’s fifty-day moving average is $4.90 and its two-hundred-day moving average is $4.67. The company has a market capitalization of $1.29 billion, a PE ratio of -74.63 and a beta of 2.00. RPC has a 52-week low of $3.33 and a 52-week high of $7.43.
RPC (NYSE:RES) last reported quarterly earnings data on Wednesday, January 26. The oil and gas company reported EPS of $0.06 for the quarter, beating Thomson Reuters consensus estimate of $0.03 by $0.03. The company posted revenue of $268.30 million for the quarter, versus a consensus estimate of $240.32 million. RPC posted a negative return on equity of 1.91% and a negative net margin of 2.06%. RPC’s quarterly revenue increased 80.6% year over year. In the same quarter of the previous year, the company posted EPS of ($0.03).
In related news, director Gary W. Rollins sold 40,000 shares of the company in a trade on Thursday, December 2. The stock was sold at an average price of $4.00, for a total transaction of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, Chief Financial Officer Ben M. Palmer sold 14,407 shares of the company in a transaction on Monday, November 1. The stock was sold at an average price of $5.46, for a total value of $78,662.22. The disclosure of this sale can be found here. Insiders sold a total of 1,439,407 shares of the company worth $6,886,412 during the last quarter. Insiders of the company hold 69.00% of the shares of the company.
Hedge funds and other institutional investors have recently changed their stock holdings. Marshall Wace North America LP acquired a new position in RPC during Q1 worth approximately $25,000. Royal Bank of Canada increased its position in RPC by 594.9% during the second quarter. Royal Bank of Canada now owns 5,754 shares of the oil and gas company valued at $28,000 after buying 4,926 more shares last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its equity stake in RPC by 45.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,463 shares of the oil and gas company valued at $41,000 after purchasing 2,663 additional shares during the period. Teacher Retirement System of Texas acquired a new position in RPC stock in the third quarter worth approximately $51,000. Finally, Marshall Wace LLP acquired a new position in RPC shares in the second quarter worth approximately $62,000. Hedge funds and other institutional investors hold 27.15% of the company’s shares.
RPC Company Profile
RPC, Inc engages in the exploration, production and development of oil and gas properties. It operates through the following segments: Technical Services and Support Services. The Technical Services segment provides oil and gas, fracturing, souring, coiled tubing, dampening, nitrogen, well control, cable and fishing services.
Feature Story: What does an investor look for in an SEC filing?
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in RPC right now?
Before you consider RPC, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and RPC wasn’t on the list.
Although RPC currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here