RPC, Inc. (RES) To Go Ex-Dividend on February 10th

RPC, Inc. (NYSE:RES) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Investors of record on Monday, February 10th will be given a dividend of 0.04 per share by the oil and gas company on Monday, March 10th. This represents a $0.16 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Monday, February 10th.

RPC has a dividend payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings.

RPC Trading Down 2.3 %

NYSE RES opened at $5.82 on Friday. RPC has a 12-month low of $5.54 and a 12-month high of $8.19. The company has a fifty day simple moving average of $6.22 and a two-hundred day simple moving average of $6.30. The stock has a market cap of $1.25 billion, a P/E ratio of 13.53 and a beta of 1.58.

RPC (NYSE:RES) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. RPC had a return on equity of 8.62% and a net margin of 6.46%. As a group, sell-side analysts forecast that RPC will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Stifel Nicolaus cut their price target 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. Susquehanna reduced their target price on shares of RPC from $6.50 to $6.00 and set a “neutral” rating for the company in a report on Friday, October 25th.

About RPC

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.