Today’s Rating On Watch: RPC (NYSE:RES) Is A Stock Jefferies Is Interested In

November 28, 2016 - By whatsonthorold

Today's Rating On Watch: RPC (NYSE:RES) Is A Stock Jefferies Is Interested In

Why Jefferies Gives RPC (NYSE:RES) $22 Price Target

Analysts at Jefferies has begun coverage on shares of RPC (NYSE:RES) in a analysts report shared with investors and clients on 28 November. The firm set a Buy rating on the $3.98 billion market cap company.

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 -21.93% below today’s ($18.42) stock price. RPC has been the topic of 32 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Citigroup given on Friday, August 14. The firm has “Buy” rating given on Tuesday, January 12 by Tudor Pickering. The firm earned “Market Perform” rating on Tuesday, September 1 by Wells Fargo. Goldman Sachs downgraded it to “Neutral” rating and $15 target price in Friday, March 11 report. Guggenheim initiated the stock with “Buy” rating in Tuesday, December 22 report. The firm earned “Neutral” rating on Wednesday, July 13 by Citigroup. FBR Capital maintained RPC, Inc. (NYSE:RES) on Monday, March 7 with “Outperform” rating. Oppenheimer maintained it with “Perform” rating and $11 target price in Thursday, October 1 report. Seaport Global Securities upgraded the stock to “Neutral” rating in Tuesday, October 4 report. The firm earned “Outperform” rating on Monday, January 11 by Wells Fargo.

About 112,260 shares traded hands. RPC, Inc. (NYSE:RES) has risen 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.

Thrivent For Lutherans last reported 0.14% of its portfolio in the stock. Royal Bank & Trust Of Canada accumulated 0% or 16,288 shares. Creative Planning has 0% invested in the company for 2,728 shares. The Montana-based Da Davidson And has invested 0.01% in RPC, Inc. (NYSE:RES). Northern has 0% invested in the company for 426,318 shares. Credit Suisse Ag has invested 0% of its portfolio in RPC, Inc. (NYSE:RES). Jpmorgan Chase &, a New York-based fund reported 2,360 shares. Aperio Group has invested 0.01% of its portfolio in RPC, Inc. (NYSE:RES). Independent Portfolio Consultants owns 12,220 shares or 0.06% of their US portfolio. Bokf Na owns 56,784 shares or 0.03% of their US portfolio. Oz Mngmt Lp has 0% invested in the company for 15,200 shares. Cramer Rosenthal Mcglynn Ltd last reported 0.81% of its portfolio in the stock. Rs Invest Management Commerce Lc holds 0.14% of its portfolio in RPC, Inc. (NYSE:RES) for 851,400 shares. Energ Opportunities Mgmt Ltd Com accumulated 487,887 shares or 2.28% of the stock. Renaissance Technology last reported 380,319 shares in the company.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 2 selling transactions for $2.21 million net activity. On Monday, June 6 HUBBELL RICHARD A sold $1.58 million worth of the stock or 100,000 shares. $635,058 worth of shares were sold by PALMER BEN M on Tuesday, November 15.

RPC, Inc. is a holding company for several oilfield services companies. The company has a market cap of $3.98 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 recent RPC, Inc. (NYSE:RES) news were published by: Prnewswire.com which released: “RPC, Inc. Announces Year-End Cash Dividend” on October 26, 2016. Also Prnewswire.com published the news titled: “Amy Rollins Kreisler Appointed to the RPC, Inc. Board of Directors” on October 25, 2016. Nasdaq.com‘s news article titled: “RPC, Inc. (RES) Ex-Dividend Date Scheduled for November 08, 2016” with publication date: November 07, 2016 was also an interesting one.

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