Susquehanna Maintains Neutral on RPC, Lowers Price Target to $7
$RES
Oilfield Services/Equipment
Energy
Susquehanna analyst Charles Minervino maintains RPC (NYSE:RES) with a Neutral and lowers the price target from $8 to $7.
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| 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 |
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
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
10-Q - RPC INC (0000742278) (Filer)
8-K - RPC INC (0000742278) (Filer)
10-Q - RPC INC (0000742278) (Filer)
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
4/A - RPC INC (0000742278) (Issuer)
4/A - RPC INC (0000742278) (Issuer)
4/A - RPC INC (0000742278) (Issuer)
SC 13G - RPC INC (0000742278) (Subject)
SC 13D/A - RPC INC (0000742278) (Subject)
SC 13D/A - RPC INC (0000742278) (Subject)
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
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