Impact of Brokerage Rating on RPC, Inc.(RES)

Many RPC, Inc.(RES) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. RPC was Upgraded by Guggenheim to Buy on Jan 26, 2017. RPC was Upgraded by Credit Suisse to Outperform on Jan 26, 2017. RPC was Downgraded by Cowen on Jan 19, 2017 to Market Perform, Price Target of the shares are set at $20.RPC was Initiated by SunTrust to Buy on Jan 18, 2017. RPC was Upgraded by Nomura to Buy on Jan 17, 2017.

Company has reported several Insider transactions to the SEC, on Dec 14, 2016, Gary W Rollins (director 10% owner) sold 71,000 shares at 21.14 per share price.On Dec 14, 2016, R Randall Rollins (director officer 10% owner (Chairman of the Board) sold 71,000 shares at 21.14 per share price.On Dec 2, 2016, Ben M Palmer (VP, CFO and Treasurer) sold 14,521 shares at 20.32 per share price.

RPC Last issued its quarterly earnings results on Jan 25, 2017. The company reported $-0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $-0.13. The company had revenue of $221.00 million for the quarter, compared to analysts expectations of $207.30 million. The companys revenue was down -17.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.18 EPS.

RPC, Inc. (NYSE:RES) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.62 by 13 Brokerage Firm. 9 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold.

RPC, Inc. (NYSE:RES) stock has received a short term price target of $ 23.97 from 9 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3.75. The higher estimate of target price is $30 , while the lower price target estimate is $19

RPC, Inc. (NYSE:RES) rose 1.63% or 0.35 points on Tuesday and made its way into the gainers of the day. After trading began at $21.5 the stock was seen hitting $21.88 as a peak level and $21.41 as the lowest level. The stock ended up at $21.85. The daily volume was measured at 1,440,421 shares. The 52-week high of the share price is $23.36 and the 52-week low is $11.995. The company has a market cap of $4,753 million.

RPC, Inc. 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. It operates its business through two business segments- Technical Services and Support Services. Services and products offered by the Company include Cudd Pumping, Coiled Tubing, Snubbing, Nitrogen Units, Thru Tubing Solutions, Wireline, Fluid Pumps, Well Control, Production Rental Tools, Patterson Rental Tools, Patterson Tubular Services and Well Control School. The Companys products and services can be found throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. RPC, Inc. is headquartered in Atlanta, Georgia.

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