Stock Rating Runner: Is RPC (NYSE:RES) a Sell? Get to Know What Jefferies Thinks

November 28, 2016 - By Peter Kolinski

Stock Rating Runner: Is RPC (NYSE:RES) a Sell? Get to Know What Jefferies Thinks

Why Jefferies Gives RPC (NYSE:RES) $22.00 Price Target

Jefferies began its coverage on RPC (NYSE:RES), today Monday morning. The financial firm finds the stock of RES attractive and has TP of $22.00 with “Buy” rating.

RPC, Inc. (NYSE:RES) Ratings Coverage

Out of 13 analysts covering RPC (NYSE:RES), 5 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 38% are positive. $20 is the highest target while $8 is the lowest. The $14.38 average target is -21.33% below today’s ($18.28) stock price. RPC has been the topic of 32 analyst reports since August 14, 2015 according to StockzIntelligence Inc. On Tuesday, January 12 the stock rating was upgraded by Tudor Pickering to “Buy”. SunTrust downgraded the stock to “Neutral” rating in Monday, August 24 report. Guggenheim initiated it with “Buy” rating and $18 target price in Tuesday, December 22 report. The stock of RPC, Inc. (NYSE:RES) has “Reduce” rating given on Tuesday, April 19 by Seaport Global. Citigroup maintained the stock with “Neutral” rating in Monday, October 5 report. The stock has “Market Perform” rating given by FBR Capital on Monday, September 21. On Thursday, October 27 the stock rating was maintained by FBR Capital with “Outperform”. The stock of RPC, Inc. (NYSE:RES) has “Neutral” rating given on Monday, December 21 by Credit Suisse. The firm has “Overweight” rating by Morgan Stanley given on Thursday, January 28. Oppenheimer maintained RPC, Inc. (NYSE:RES) rating on Thursday, October 1. Oppenheimer has “Perform” rating and $11 price target.

It is down 28.46% since April 25, 2016 and is uptrending. It has outperformed by 22.45% the S&P500.

Analysts await RPC, Inc. (NYSE:RES) to report earnings on January, 25. They expect $-0.14 earnings per share, up 22.22% or $0.04 from last year’s $-0.18 per share. After $-0.18 actual earnings per share reported by RPC, Inc. for the previous quarter, Wall Street now forecasts -22.22% EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.12, from 1.01 in 2016Q1. The ratio improved, as 27 funds sold all RPC, Inc. shares owned while 51 reduced positions. 19 funds bought stakes while 60 increased positions. They now own 75.44 million shares or 0.14% less from 75.55 million shares in 2016Q1.

Tiaa Cref Investment Management Lc has invested 0.03% of its portfolio in RPC, Inc. (NYSE:RES). The California-based Capital Guardian Trust has invested 0% in RPC, Inc. (NYSE:RES). Oz Mgmt L P holds 0% of its portfolio in RPC, Inc. (NYSE:RES) for 15,200 shares. Synovus Fin has invested 0.01% of its portfolio in RPC, Inc. (NYSE:RES). Pacad Inv holds 0.11% or 49,600 shares in its portfolio. Wasatch Advsrs last reported 0.14% of its portfolio in the stock. Utah Retirement has 10,560 shares for 0% of their US portfolio. Teton accumulated 92,500 shares or 0.13% of the stock. Alphaone Invest Serv Ltd Llc reported 191,690 shares or 1.1% of all its holdings. Wellington Mngmt Grp Ltd Liability Partnership holds 0% of its portfolio in RPC, Inc. (NYSE:RES) for 24,553 shares. The Wisconsin-based Morgan Dempsey Cap Management Ltd Com has invested 0.62% in RPC, Inc. (NYSE:RES). Kcg last reported 11,732 shares in the company. Mycio Wealth Prtn Ltd Liability Com accumulated 0.01% or 3,160 shares. Stephens Investment Mgmt Limited Liability holds 0.56% of its portfolio in RPC, Inc. (NYSE:RES) for 1.09 million shares. Da Davidson & holds 15,111 shares or 0.01% of its portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 2 insider sales for $2.21 million net activity. $1.58M worth of shares were sold by HUBBELL RICHARD A on Monday, June 6. 35,479 RPC, Inc. (NYSE:RES) shares with value of $635,058 were sold by PALMER BEN M.

RPC, Inc. is a holding company for several oilfield services companies. The company has a market cap of $3.95 billion. The Firm provides a range of specialized oilfield services and equipment to gas and oil companies engaged in the exploration, production and development of gas and oil properties across the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets. It currently has negative earnings. It operates through two divisions: Technical Services and Support Services.

According to Zacks Investment Research, “RPC, Inc. provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties. It operates its business through two business segments- Technical Services and Support Services. Services and products offered by the Company include Cudd Pumping, Coiled Tubing, Snubbing, Nitrogen Units, Thru Tubing Solutions, Wireline, Fluid Pumps, Well Control, Production Rental Tools, Patterson Rental Tools, Patterson Tubular Services and Well Control School. The Company’s products and services can be found throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. RPC, Inc. is headquartered in Atlanta, Georgia.”

RES Company Profile

RPC, Inc. (RPC), incorporated on January 20, 1984, is a holding firm for several oilfield services companies. The Firm provides a range of specialized oilfield services and equipment to independent and gas and oil companies engaged in the exploration, production and development of gas and oil properties across the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets. The Firm operates through two divisions: Technical Services and Support Services. RPC acts as a holding firm for its operating units, Cudd Energy Services, Patterson Rental and Fishing Tools, Bronco Oilfield Services, Thru Tubing Solutions, Well Control School and others.

More news for RPC, Inc. (NYSE:RES) were recently published by: Prnewswire.com, which released: “RPC, Inc. Announces Year-End Cash Dividend” on October 26, 2016. Nasdaq.com‘s article titled: “RPC, Inc. (RES) Ex-Dividend Date Scheduled for November 08, 2016” and published on November 07, 2016 is yet another important article.

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