The RPC, Inc. (NYSE:RES) is going down by -5.10% in today’s trading session, a fall equivalent to -0.29% of the stock’s price from yesterday’s market close. A news came out on 08/21/19 stating that RPC, Inc. to Present at the Barclays CEO Energy-Power Conference by WSJ. The lowest point that the shares touched during the trading session was $5.57, while the peak of the day was recorded at a share price of $5.97. RES finished the previous session at $5.59 according to the data provided by Barchart, while the trading volume was observed to be $998,768.
In the 100 days of trading, RES managed to top a 8.16% Moving average. Additionally, RPC, Inc. shares have achieved a 52-week range between 5.43 and 17.16 alongside 100 days raw stochastic set at 0.71%.
The number of shares outstanding, according to the fundamentals of the company, is set at 208.95M, equal to the value of $1.17B in market capitalization. Financial analysts indicate that RES shares should be still ranked as a “Hold”. In the last 30 days, RPC, Inc. shares went down by -22.62%, adding 6.92 to growth in value, on top of a +1.04% boost since 07/23/19.
RPC, Inc. (NYSE:RES) Analyst’s Estimates
RPC, Inc. (RES) could record at least $0.02 per share in quarterly earnings in the upcoming report on 10/23/2019, a number that would actually represent an increase of 206.82% YOY.
According to the average analyst rating, RPC, Inc. would be rated as 3.38. Out of 24 different analysts monitoring RES stock, 0 analysts rate the stock as a BUY, 14 suggest to give the rating of HOLD, 2 indicate that RES is an OUTPERFORM, 3 rated the stock as a SELL, and 5 analyst believes that the stock should be rated as UNDERPERFORM.
On Jul-25-19, the stock earned a Downgrade rating due to a new analyst call from Gabelli & Co, while analysts from BofA/Merrill believe that the stock is set at Underperform, as concluded on Apr-25-19. Morgan Stanley, is still rather wary about the stock, deciding to keep the rating at Overweight as confirmed through a call on Apr-04-19.
Regardless of the rating, Goldman did increase their price to $10 as they are considering target share price analysis. Seaport Global Securities, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jan-29-19, giving the stock a Buy from the Neutral rating.
RES Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +21.78% has been attained, while the operating margin has been recorded at +12.01%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 14.50%. Beta value of the stock is recorded at 1.02. Additionally, RPC, Inc. is recording price volatility of 4.48% for the period of the last seven days and 6.79% in the last 30 days.
RPC, Inc. (NYSE:RES) Technical Outlook
For the period of the last 50 days, RPC, Inc. had its Raw Stochastic average set at 2.47% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 3.40%. Stochastic %K for RPC, Inc., with the last 20 days included, was set at 13.88%, having Stochastic %D topping 26.48%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for RPC, Inc. stocks with recording -63.12% in metrics.
RPC, Inc. Insider Watch:
As far as the position of shares issued by RPC, Inc. (NYSE:RES) for the period concluded at the market close of 08/22/19, 107 institutional investors increased their positions in RES shares by 12,591,506, 102 decreased positions by 8,877,806 and 27 institutional investors decided to hold positions at 51,815,542. These numbers put the complete list of institutional holdings set at 73,284,854 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 34 institutional investments with 1,731,817 new shares in addition to having 41 institutional investors selling their positions in 2,318,035 shares.