RPC, Inc., through its subsidiaries, provides a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells. The Support Services segment provides a range of rental tools, including blowout preventors, high pressure manifolds and valves, hevi-wate drill pipes, tubing products, production related rental tools, pumps, diverters, drill pipes, drill collars, handling tools, Coflexip hoses, and Wear Knot drill pipes that are used for onshore and offshore oil and gas well drilling, completion, and workover activities. This segment also offers oilfield pipe inspection, and pipe management and storage services, as well as well control training, and consulting services. It operates in the United States, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, the Middle East, and internationally. RPC, Inc. was founded in 1984 and is headquartered in Atlanta, Georgia.
IPO Year:
Exchange: NYSE
Website: rpc.net
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/16/2023 | $8.25 → $7.00 | Neutral → Sell | Citigroup |
| 4/28/2022 | $13.00 | Hold → Accumulate | Johnson Rice |
| 9/13/2021 | Sell → Neutral | Citigroup |
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Citigroup downgraded RPC from Neutral to Sell and set a new price target of $7.00 from $8.25 previously
Johnson Rice upgraded RPC from Hold to Accumulate and set a new price target of $13.00
Citigroup upgraded RPC from Sell to Neutral
Morgan Stanley reiterated coverage of RPC with a rating of Underweight and set a new price target of $4.00 from $3.50 previously
Citigroup reiterated coverage of RPC with a rating of and set a new price target of $3.50 from $3.00 previously
RPC (NYSE:RES) reported quarterly earnings of $0.15 per share which beat the analyst consensus estimate of $0.13 by 15.38 percent. This is a 50 percent decrease over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $364.153 million which missed the analyst consensus estimate of $380.395 million by 4.27 percent. This is a 12.43 percent decrease over sales of $415.858 million the same period last year.
RPC (NYSE:RES) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 3 0 1 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 1 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $6.44, a high estimate of $7.00, and a low estimate of $5.25. A 13.44% drop is e
Stifel analyst Stephen Gengaro maintains RPC (NYSE:RES) with a Hold and lowers the price target from $8 to $7.
Susquehanna analyst Charles Minervino maintains RPC (NYSE:RES) with a Neutral and lowers the price target from $7 to $6.5.
Citigroup analyst Scott Gruber maintains RPC (NYSE:RES) with a Sell and lowers the price target from $6.75 to $5.25.
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. RPC, Inc. (NYSE:RES) On April 25, RPC posted downbeat first-quarter results. “Our results reflected a modestly weaker oilfield ser
Susquehanna analyst Charles Minervino maintains RPC (NYSE:RES) with a Neutral and lowers the price target from $8 to $7.
RPC (NYSE:RES) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.17 by 23.53 percent. This is a 66.67 percent decrease over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $377.83 million which missed the analyst consensus estimate of $390.92 million by 3.35 percent. This is a 20.73 percent decrease over sales of $476.67 million the same period last year.
ATLANTA, Oct. 31, 2022 /PRNewswire/ -- RPC, Inc. (NYSE:RES) announced today the appointment of Timothy C. Rollins to the Board of Directors of the Company. Rollins holds a B.S. Degree from Boston University with a major in Business Administration. He is a Trustee of Emory University and of Woodruff Health Sciences Center, is Vice President of Rollins Investment Corporation, and has served as a director of Marine Products Corporation since 2016. Richard A. Hubbell, Chairman of the Board of RPC, Inc. stated, "Tim Rollins has been beneficial to the boards on which he has served. We look forward to his contributions to our board in the years ahead." RPC provides a broad range of specialized o
ATLANTA, May 17, 2022 /PRNewswire/ -- RPC, Inc. (NYSE:RES) today announced several changes within its senior leadership team and among its Board of Directors. RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States and in selected international markets. The following changes to RPC's Executive Officers and Board of Directors are effective immediately: The transition of Richard A. Hubbell, Presiden
ATLANTA, April 26, 2022 /PRNewswire/ -- RPC, Inc. (NYSE:RES) today announced the appointment of John F. Wilson to the Board of Directors of the Company effective April 26, 2022. Wilson is the Vice Chairman of Rollins, Inc. and has previously served as President and Chief Operating Officer of Rollins. Prior to that role he served as Vice President, and then President, of Orkin, LLC. In addition to his new role as an RPC director, he is currently a director at Rollins, Inc. and is concurrently joining the Board of Marine Products Corporation. He will bring extensive operation
ATLANTA, Dec. 15, 2020 /PRNewswire/ -- RPC, Inc. (NYSE: RES) today announced the appointment of Patrick J. Gunning to the Board of Directors of the Company effective January 1, 2021. Gunning is the Chief Financial Officer of the Robert W. Woodruff Arts Center, Inc. in Atlanta, Georgia. Previously he held multiple leadership roles during his 40 years in public accounting prior to retirement from Ernst & Young LLP (EY) in 2020. These positions included Partner at EY, Southeast Region Leader of the Financial Accounting Advisory Services (FAAS) at EY, Assurance leader and Audit Partner for EY, Partner and Assurance Division Leader with Arthur Andersen LLP, and numerous additional regional l
ATLANTA, Dec. 15, 2020 /PRNewswire/ -- RPC, Inc. (NYSE: RES) today announced the appointment of Susan Bell to the Board of Directors of the Company effective January 1, 2021. Bell recently retired from Ernst and Young LLP (EY) after a 36-year career in public accounting, serving in key leadership roles. She served clients as an audit and advisory partner, led the EY Southeast Risk Advisory practice, served as the Atlanta Office Managing Partner and led EY's Power & Utilities sector focus in the Global Financial Accounting Advisory Services (FAAS) practice. Bell led and advised client service teams supporting implementation of new accounting standards, internal controls implementation an
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ATLANTA, Oct. 24, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) ("RPC" or the "Company"), a leading diversified oilfield services company, announced its unaudited results for the third quarter ended September 30, 2024. * Non-GAAP and adjusted measures, including adjusted operating income, adjusted net income, adjusted earnings per share (diluted), EBITDA and adjusted EBITDA, adjusted EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release. * Sequential comparisons are to 2Q:24. The Company believes quarterly sequential comparisons are most useful in assessing industry trends and RPC's recent financial results. Both sequent
ATLANTA, Oct. 7, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Thursday, October 24, 2024 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, October 24, 2024 at 9:00 a.m. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 440-5966, or (646) 960-0125 for international callers, and use conference ID number 9842359. For interested individuals unable to join by telephone, the call also will be broadcast and archived for
ATLANTA, July 25, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) ("RPC" or "the Company"), a leading diversified oilfield services company, announced its unaudited results for the second quarter ended June 30, 2024. * Non-GAAP and adjusted measures, including adjusted operating income, adjusted net income, adjusted earnings per share (diluted), EBITDA and adjusted EBITDA, adjusted EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release. * Sequential comparisons are to 1Q:24. The Company believes quarterly sequential comparisons are most useful in assessing industry trends and RPC's recent financial results. Both sequential
ATLANTA, July 10, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) announced today that it will release its financial results for the second quarter ended June 30, 2024 on Thursday, July 25, 2024 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, July 25, 2024 at 9:00 a.m. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 440-5966, or (646) 960-0125 for international callers, and use conference ID number 9842359. For interested individuals unable to join by telephone, the call also will be broadcast and archived for 90 days o
ATLANTA, April 25, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) ("RPC" or "the Company"), a leading diversified oilfield services company, announced its unaudited results for the first quarter ended March 31, 2024. * Non-GAAP and adjusted measures, including adjusted operating income, adjusted net income, adjusted earnings per share (diluted), EBITDA and adjusted EBITDA, adjusted EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release. * Sequential comparisons are to 4Q:23. The Company believes quarterly sequential comparisons are most useful in assessing industry trends and RPC's recent financial results. Both sequential
ATLANTA, April 4, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) announced today that it will release its financial results for the first quarter ended March 31, 2024 on Thursday, April 25, 2024 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, April 25, 2024 at 9:00 a.m. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 440-5966, or (646) 960-0125 for international callers, and use conference ID number 9842359. For interested individu
ATLANTA, Jan. 25, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) ("RPC" or "the Company"), a leading diversified oilfield services company, announced its unaudited results for the fourth quarter and full year ended December 31, 2023. * Non-GAAP and adjusted measures, including adjusted operating income, adjusted net income, adjusted earnings per share (diluted), EBITDA and adjusted EBITDA, adjusted EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release.* Sequential comparisons are versus 3Q:23. The Company believes quarterly sequential comparisons are most useful in assessing industry trends and RPC's recent financial resu
ATLANTA, Jan. 9, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) announced today that it will release its financial results for the fourth quarter ended December 31, 2023 on Thursday, January 25, 2024 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, January 25, 2024 at 9:00 a.m. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 440-5966, or (646) 960-0125 for international callers, and use conference ID number 9842359. For interested individuals unable to join by telephone, the call also will be broadcast and archived fo
ATLANTA, Oct. 3, 2023 /PRNewswire/ -- RPC, Inc. (NYSE:RES) announced today that it will release its financial results for the third quarter ended September 30, 2023 on Wednesday, October 25, 2023 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Wednesday, October 25, 2023 at 9:00 a.m. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 440-5966, or (646) 960-0125 for international callers, and use conference ID number 9842359. For interested individuals unable to join by telephone, the call also will be broadcast and archived
ATLANTA, July 26, 2023 /PRNewswire/ -- RPC, Inc. (NYSE:RES) today announced its unaudited results for the second quarter and six months ended June 30, 2023. RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production, and development of oil and gas properties throughout the United States and in selected international markets. For the quarter ended June 30, 2023, RPC generated revenues of $415.9 million, a decrease compared to $476.7 million in the first quarter. Revenues declined due to job delays and cancellations by several pressure pumping customers as well as weaker activity levels
ATLANTA, Oct. 24, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) ("RPC" or the "Company"), a leading diversified oilfield services company, announced its unaudited results for the third quarter ended September 30, 2024. * Non-GAAP and adjusted measures, including adjusted operating income, adjusted net income, adjusted earnings per share (diluted), EBITDA and adjusted EBITDA, adjusted EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release. * Sequential comparisons are to 2Q:24. The Company believes quarterly sequential comparisons are most useful in assessing industry trends and RPC's recent financial results. Both sequent
ATLANTA, Oct. 7, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Thursday, October 24, 2024 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, October 24, 2024 at 9:00 a.m. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 440-5966, or (646) 960-0125 for international callers, and use conference ID number 9842359. For interested individuals unable to join by telephone, the call also will be broadcast and archived for
ATLANTA, July 25, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) ("RPC" or "the Company"), a leading diversified oilfield services company, announced its unaudited results for the second quarter ended June 30, 2024. * Non-GAAP and adjusted measures, including adjusted operating income, adjusted net income, adjusted earnings per share (diluted), EBITDA and adjusted EBITDA, adjusted EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release. * Sequential comparisons are to 1Q:24. The Company believes quarterly sequential comparisons are most useful in assessing industry trends and RPC's recent financial results. Both sequential
ATLANTA, July 10, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) announced today that it will release its financial results for the second quarter ended June 30, 2024 on Thursday, July 25, 2024 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, July 25, 2024 at 9:00 a.m. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 440-5966, or (646) 960-0125 for international callers, and use conference ID number 9842359. For interested individuals unable to join by telephone, the call also will be broadcast and archived for 90 days o
ATLANTA, April 25, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) ("RPC" or "the Company"), a leading diversified oilfield services company, announced its unaudited results for the first quarter ended March 31, 2024. * Non-GAAP and adjusted measures, including adjusted operating income, adjusted net income, adjusted earnings per share (diluted), EBITDA and adjusted EBITDA, adjusted EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release. * Sequential comparisons are to 4Q:23. The Company believes quarterly sequential comparisons are most useful in assessing industry trends and RPC's recent financial results. Both sequential
ATLANTA, April 4, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) announced today that it will release its financial results for the first quarter ended March 31, 2024 on Thursday, April 25, 2024 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, April 25, 2024 at 9:00 a.m. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 440-5966, or (646) 960-0125 for international callers, and use conference ID number 9842359. For interested individu
ATLANTA, Jan. 25, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) ("RPC" or "the Company"), a leading diversified oilfield services company, announced its unaudited results for the fourth quarter and full year ended December 31, 2023. * Non-GAAP and adjusted measures, including adjusted operating income, adjusted net income, adjusted earnings per share (diluted), EBITDA and adjusted EBITDA, adjusted EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release.* Sequential comparisons are versus 3Q:23. The Company believes quarterly sequential comparisons are most useful in assessing industry trends and RPC's recent financial resu
ATLANTA, Jan. 9, 2024 /PRNewswire/ -- RPC, Inc. (NYSE:RES) announced today that it will release its financial results for the fourth quarter ended December 31, 2023 on Thursday, January 25, 2024 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, January 25, 2024 at 9:00 a.m. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 440-5966, or (646) 960-0125 for international callers, and use conference ID number 9842359. For interested individuals unable to join by telephone, the call also will be broadcast and archived fo
ATLANTA, Oct. 3, 2023 /PRNewswire/ -- RPC, Inc. (NYSE:RES) announced today that it will release its financial results for the third quarter ended September 30, 2023 on Wednesday, October 25, 2023 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Wednesday, October 25, 2023 at 9:00 a.m. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 440-5966, or (646) 960-0125 for international callers, and use conference ID number 9842359. For interested individuals unable to join by telephone, the call also will be broadcast and archived
ATLANTA, Oct. 2, 2023 /PRNewswire/ -- RPC, Inc. (NYSE:RES) announced today that during the third quarter of 2023 it purchased 136,692 shares for approximately $1.1 million under its share repurchase program. RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. RPC's investor website can be found on the internet at RPC.net. For information about RPC, Inc., please contact: Mich
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