RPC, Inc. Common Stock (NYSE:RES):
Amy Rollins Kreisler Appointed to the RPC, Inc. Board of Directors.
In the market the company is trading down by -1.97% since yesterday’s close of $18.035.
The stock is trading at $17.68 a tad above the 50 day moving average of $16.87 and which is marginally higher than the 200 day moving average of $15.41. The 50 day moving average went up $0.81 or +4.77% and the 200 day average went up by +14.71%.
In the latest earnings report the EPS was $-0.74 and is estimated to be $-0.75 for the current year with 214,266,000 shares outstanding. Analysts expect next quarter’s EPS will be $-0.12 with next year’s EPS anticipated to be $-0.21.
A few brokerages have released opinions on the company of late. October 11 investment analysts at Citigroup kept the company rating at “Neutral” and raised the price target to $19.00 from $16.00. On October 4 the company was rated “Neutral” in a report from Seaport Global which is up from the previous “Reduce” rating.
On September 12 Citigroup held the stock rating at “Neutral” but raised the price expectation from $15.00 to $16.00. On July 29 Citigroup made no change to the stock rating of “Neutral” but moved down the price target from $17.00 to $15.00.
July 13 investment analysts at Citigroup left the stock rating at “Neutral” and moved up the price target to $17.00 from $15.00. April 27 investment analysts at Morgan Stanley held the company rating at “Equal-weight” and raised the price expectation to $19.00 from $17.50.