RPC, Inc. Common Stock (NYSE:RES):
RPC, Inc. Announces Year-End Cash Dividend.
The company is so far trading down by -1.97 percent from yesterday’s close.
Shares of the company are trading at $17.68 which is slightly above $16.87, the stock’s 50 day moving average and which is just a bit higher than the 200 day moving average of $15.41. The 50 day moving average was up by +4.77% and the 200 day average went up $2.27 or +14.71%.
As of the latest earnings report the EPS was $-0.74 and is projected to be $-0.75 for the current year with 214,266,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $-0.12 with next year’s EPS projected to be $-0.21.
Several Wall Street analysts have provided guidance on the company. October 11 investment analysts at Citigroup maintained a company rating of “Neutral” and raised the price expectation to $19.00 from $16.00. On October 4, 2016 the stock rating was set at “Neutral” according to a Seaport Global report which is up from the previous “Reduce” rating.
On September 12 Citigroup left the company rating at “Neutral” but raised the price target from $15.00 to $16.00. July 29 investment analysts at Citigroup left the stock rating at “Neutral” and lowered the price target from $17.00 to $15.00.
On July 13 Citigroup maintained a stock rating of “Neutral” but moved up the price target to $17.00 from $15.00. On April 27 Morgan Stanley made no change to the company rating of “Equal-weight” but raised the price expectation from $17.50 to $19.00.