RPC (RES) Projected to Post Quarterly Earnings on Thursday

RPC (NYSE:RES) will likely be releasing its earnings data before the market opens on Thursday, January 30th. Analysts expect RPC to post earnings of $0.06 per share and revenue of $329,082.25 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

RPC (NYSE:RES) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The business had revenue of $337.70 million for the quarter, compared to the consensus estimate of $365.33 million. RPC had a net margin of 8.07% and a return on equity of 11.36%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. On average, analysts expect RPC to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

RPC Trading Down 3.8 %

RES stock opened at $6.71 on Thursday. The company’s 50 day moving average is $6.18 and its 200 day moving average is $6.28. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 11.97 and a beta of 1.59. RPC has a 1-year low of $5.54 and a 1-year high of $8.19.

Wall Street Analyst Weigh In

RES has been the topic of a number of research analyst reports. Susquehanna reduced their target price on RPC from $6.50 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus cut their price objective on 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.