RPC, Inc. Common Stock (NYSE:RES):
RPC, Inc. Reports Third Quarter 2016 Financial Results.
The company is so far trading down from yesterday’s close of $18.035.
The stock is trading at $17.68 which is just over the 50 day moving average of $16.87 and just a bit higher than the 200 day moving average of $15.41. The 50 day moving average was up by +4.77% whereas the 200 day moving average was up $2.27 or +14.71%.
As of the last earnings report the EPS was $-0.74 and is estimated to be $-0.75 for the current year with 214,266,000 shares presently outstanding. Next quarter’s EPS is expected be $-0.12 with next year’s EPS anticipated to be $-0.21.
Several ratings firms have issued ratings on RPC, Inc. Common Stock of late. October 11 investment analysts at Citigroup kept the stock rating at “Neutral” but raised the price target to $19.00 from $16.00. On October 4 the company was rated “Neutral” by Seaport Global up from the previous “Reduce” rating.
On September 12 Citigroup held the company rating at “Neutral” but moved up the price target from $15.00 to $16.00. On July 29 Citigroup made no change to the company rating of “Neutral” but lowered the price expectation to $15.00 from $17.00.
On July 13 Citigroup left the company rating at “Neutral” and raised the price expectation from $15.00 to $17.00. On April 27 Morgan Stanley maintained a stock rating of “Equal-weight” and moved up the price target to $19.00 from $17.50.