RPC, Inc. Common Stock (NYSE:RES):
RPC, Inc. Reports Third Quarter 2016 Financial Results.
The company is now down by -1.97 percent from yesterday’s close.
It is trading at $17.68 a bit higher than the 50 day moving average which is $16.87 and slightly over 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 moved up $2.27.
In the last earnings report the EPS was $-0.74 and is expected to be $-0.75 for the current year with 214,266,000 shares currently outstanding. Next quarter’s EPS is expected be $-0.12 with next year’s EPS anticipated to be $-0.21.
Brokerages have weighed in on RPC, Inc. Common Stock of late. On October 11 Citigroup held the company rating at “Neutral” and raised the price target to $19.00 from $16.00. On October 4, 2016 the stock rating was set at “Neutral” in a report from Seaport Global which is up from the previous “Reduce” rating.
September 12 investment analysts at Citigroup left the stock rating at “Neutral” and raised the price expectation from $15.00 to $16.00. On July 29 Citigroup maintained a company rating of “Neutral” and moved down the price target to $15.00 from $17.00.
July 13 investment analysts at Citigroup made no change to the company rating of “Neutral” but raised the price expectation from $15.00 to $17.00. April 27 investment analysts at Morgan Stanley maintained a stock rating of “Equal-weight” but raised the price target from $17.50 to $19.00.