RPC (RES) to Release Quarterly Earnings on Thursday

RPC (NYSE:RES) is expected to be releasing its earnings data before the market opens on Thursday, January 30th. Analysts expect RPC to post earnings of $0.06 per share and revenue of $329.08 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

RPC Stock Down 2.5 %

RES opened at $6.41 on Wednesday. The company has a fifty day simple moving average of $6.25 and a 200 day simple moving average of $6.31. The stock has a market cap of $1.38 billion, a P/E ratio of 11.44 and a beta of 1.59. RPC has a 12 month low of $5.54 and a 12 month high of $8.19.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Susquehanna dropped their price target on RPC from $6.50 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus dropped their target price on shares of RPC from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, October 11th.

RPC Company Profile

RPC, Inc, through its subsidiaries, engages provision of 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 segment 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.