RPC, Inc. (NYSE: RES) has experienced a rise in its stock price by 3.93 compared to its previous closing price of 6.36. However, the company has seen a fall of -0.60% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-05 that RPC, Inc. operates oilfield services and equipment companies in the US and internationally, focusing on value creation and growing profitability. The company’s technical and support services cater to oil and gas companies, with pressure pumping and downhole tools being major revenue drivers. RPC has increased profitability, capital efficiency, and free cash flow generation, with its current operations valued significantly lower than its market capitalization, providing a margin of safety for investors.
Is It Worth Investing in RPC, Inc. (NYSE: RES) Right Now?
The price-to-earnings ratio for RPC, Inc. (NYSE: RES) is above average at 12.08x, Company’s 36-month beta value is 1.56.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 15 as “hold,” and 1 as “sell.”
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The public float for RES is 95.46M, and currently, short sellers hold a 20.25% ratio of that floaft. The average trading volume of RES on October 02, 2024 was 1.91M shares.
RES’s Market Performance
The stock of RPC, Inc. (RES) has seen a -0.60% decrease in the past week, with a 2.96% rise in the past month, and a 8.72% gain in the past quarter. The volatility ratio for the week is 4.29%, and the volatility levels for the past 30 days are at 4.17% for RES. The simple moving average for the past 20 days is 6.80% for RES’s stock, with a -3.67% 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 3.85% 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 -28.62% of loss for the given period.
Volatility was left at 4.17%, however, over the last 30 days, the volatility rate increased by 4.29%, as shares surge +7.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.41% upper at present.
During the last 5 trading sessions, RES fell by -0.60%, which changed the moving average for the period of 200-days by -7.03% in comparison to the 20-day moving average, which settled at $6.21. In addition, RPC, Inc. saw -9.20% 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:
- 0.09 for the present operating margin
- 0.2 for the gross margin
The net margin for RPC, Inc. stands at 0.08. The total capital return value is set at 0.11. Equity return is now at value 11.39, with 9.13 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 14.17. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 252.5.
Currently, EBITDA for the company is 362.01 million with net debt to EBITDA at -1.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. The receivables turnover for the company is 4.71for trailing twelve months and the total asset turnover is 1.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.61.
Conclusion
In a nutshell, RPC, Inc. (RES) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
