RPC, Inc. (NYSE: RES)’s stock price has gone decline by -0.74 in comparison to its previous close of 6.80, however, the company has experienced a 3.05% increase in its stock price over the last five trading days. Benzinga reported 2024-05-03 that The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
Is It Worth Investing in RPC, Inc. (NYSE: RES) Right Now?
RPC, Inc. (NYSE: RES) has a higher price-to-earnings ratio of 9.70x compared to its average ratio. RES has 36-month beta value of 1.58. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 15 as “hold,” and 1 as “sell.”
The public float for RES is 95.40M, and currently, short sellers hold a 15.66% ratio of that float. The average trading volume of RES on May 09, 2024 was 1.56M shares.
RES’s Market Performance
RES stock saw a decrease of 3.05% in the past week, with a monthly decline of -15.20% and a quarterly a decrease of -4.26%. The volatility ratio for the week is 2.66%, and the volatility levels for the last 30 days are 3.64% for RPC, Inc. (RES). The simple moving average for the past 20 days is -9.14% for RES’s stock, with a -12.92% simple moving average for the past 200 days.
Analysts’ Opinion of RES
Many brokerage firms have already submitted their reports for RES stocks, with Citigroup repeating the rating for RES by listing it as a “Sell.” The predicted price for RES in the upcoming period, according to Citigroup is $7 based on the research report published on June 16, 2023 of the previous year 2023.
Johnson Rice, on the other hand, stated in their research note that they expect to see RES reach a price target of $13. The rating they have provided for RES stocks is “Accumulate” according to the report published on April 28th, 2022.
RES Trading at -10.60% from the 50-Day Moving Average
After a stumble in the market that brought RES to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.30% of loss for the given period.
Volatility was left at 3.64%, however, over the last 30 days, the volatility rate increased by 2.66%, as shares sank -16.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.16% lower at present.
During the last 5 trading sessions, RES rose by +3.05%, which changed the moving average for the period of 200-days by -25.17% in comparison to the 20-day moving average, which settled at $7.36. In addition, RPC, Inc. saw -7.28% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RES
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.23 for the gross margin
The net margin for RPC, Inc. stands at 0.1. The total capital return value is set at 0.16. Equity return is now at value 15.16, with 11.97 for asset returns.
Based on RPC, Inc. (RES), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 11.69. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 365.43.
Currently, EBITDA for the company is 362.01 million with net debt to EBITDA at -0.76. When we switch over and look at the enterprise to sales, we see a ratio of 0.83. The receivables turnover for the company is 4.04for trailing twelve months and the total asset turnover is 1.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.75.
Conclusion
To put it simply, RPC, Inc. (RES) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
