RPC, Inc. Common Stock (NYSE:RES):
RPC, Inc. Announces Year-End Cash Dividend.
In the market the company is trading down from yesterday’s close of $18.035.
It is currently trading at $17.68 a tad higher than $16.87, the stock’s 50 day moving average and which is just 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 went up $2.27 or +14.71%.
In 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 outstanding. Analysts expect next quarter’s EPS will be $-0.12 with next year’s EPS projected to be $-0.21.
A few Wall Street investment firms have issued ratings on RPC, Inc. Common Stock. On October 11 Citigroup left the company rating at “Neutral” and raised the price expectation from $16.00 to $19.00. On October 4 the company was upgraded to “Neutral” from “Reduce” in a report issued by Seaport Global.
September 12 investment analysts at Citigroup maintained a stock rating of “Neutral” and raised the price target to $16.00 from $15.00. July 29 investment analysts at Citigroup held the stock rating at “Neutral” but lowered the price expectation from $17.00 to $15.00.
On July 13 Citigroup made no change to the company rating of “Neutral” but raised the price target from $15.00 to $17.00. April 27 investment analysts at Morgan Stanley made no change to the stock rating of “Equal-weight” and moved up the price target to $19.00 from $17.50.