RPC (RES) Set to Announce Quarterly Earnings on Thursday

RPC (NYSE:RES) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

RPC (NYSE:RES) last posted its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $364.20 million during the quarter, compared to analyst estimates of $381.18 million. RPC had a return on equity of 11.52% and a net margin of 8.08%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. On average, analysts expect RPC to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

RPC Price Performance

RES opened at $6.94 on Thursday. RPC has a 1 year low of $5.66 and a 1 year high of $9.26. The stock has a 50-day moving average price of $6.42 and a 200-day moving average price of $6.66. The firm has a market cap of $1.49 billion, a PE ratio of 9.91 and a beta of 1.55.

RPC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a $0.04 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.16 dividend on an annualized basis and a yield of 2.31%. RPC’s payout ratio is currently 22.86%.

Wall Street Analyst Weigh In

RES has been the topic of several recent analyst reports. Citigroup dropped their price objective on RPC from $6.75 to $5.25 and set a “sell” rating on the stock in a research report on Wednesday, July 10th. Susquehanna dropped their price target on shares of RPC from $7.00 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Finally, Stifel Nicolaus decreased their price objective on shares of RPC from $8.00 to $7.00 and set a “hold” rating for the company in a report on Friday, October 11th.

About RPC

RPC, Inc, through its subsidiaries, engages provision of a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells.