Media headlines about RPC (NYSE:RES) have been trending positive recently, according to Alpha One Sentiment. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. RPC earned a coverage optimism score of 0.41 on Alpha One’s scale. Alpha One also gave news headlines about the oil and gas company an impact score of 94 out of 100, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected AlphaOne Sentiment’s rankings:
- Q1 2018 EPS Estimates for RPC, Inc. Increased by SunTrust Banks (RES) (americanbankingnews.com)
- Jefferies Group LLC Reiterates “$26.00” Price Target for RPC, Inc. (RES) (americanbankingnews.com)
- RPC, Inc. breached its 50 day moving average in a Bullish Manner : RES-US : May 16, 2017 (finance.yahoo.com)
- ETFs with exposure to RPC, Inc. : May 15, 2017 (finance.yahoo.com)
- Brokerages Anticipate RPC, Inc. (RES) Will Announce Quarterly Sales of $357.69 Million (americanbankingnews.com)
Shares of RPC (NYSE:RES) opened at 20.03 on Friday. The firm has a 50-day moving average price of $18.44 and a 200-day moving average price of $19.43. The stock’s market capitalization is $4.36 billion. RPC has a 52-week low of $13.50 and a 52-week high of $23.36.
RPC (NYSE:RES) last issued its quarterly earnings data on Wednesday, April 26th. The oil and gas company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. The business had revenue of $298.12 million during the quarter, compared to the consensus estimate of $273.35 million. RPC had a negative net margin of 19.38% and a negative return on equity of 16.10%. The company’s revenue was up 57.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. On average, analysts predict that RPC will post $0.56 EPS for the current year.
A number of research firms have recently weighed in on RES. Stephens upgraded RPC from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 25th. Credit Suisse Group AG upgraded RPC from a “neutral” rating to an “outperform” rating and set a $25.00 target price on the stock in a report on Thursday, January 26th. Guggenheim upgraded RPC from a “neutral” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Thursday, January 26th. Susquehanna Bancshares Inc began coverage on RPC in a report on Wednesday, February 22nd. They set a “neutral” rating and a $23.00 price target on the stock. Finally, Zacks Investment Research lowered RPC from a “buy” rating to a “hold” rating in a report on Friday, March 10th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $23.00.
RPC Company Profile
RPC, Inc (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment primarily to independent oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets.
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