Analyst Price Target Update on RPC (NYSE:RES)

RPC (NYSE:RES): 10 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $15.7 in RPC (NYSE:RES). However, the stock price could fluctuate by $ 4.03 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $22 price target with the lower price estimate is calculated at $10

Many analysts have stated their opinion on the company shares. Morgan Stanley maintains their rating on the shares of RPC (NYSE:RES). The current rating of the shares is Equal-weight. Equity Analysts at the Firm raises the price target to $19 per share from $17.5 per share. The rating by the firm was issued on April 27, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Hubbell Richard A, director officer (President and CEO) of Rpc Inc, unloaded 100,000 shares at an average price of $15.8 on June 6, 2016. The total amount of the transaction was worth $1,580,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

RPC (NYSE:RES) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.09 points or 0.56% at $15.91 with 935,071 shares getting traded. Post opening the session at $15.78, the shares hit an intraday low of $15.76 and an intraday high of $16.025 and the price was in this range throughout the day. The company has a market cap of $3,462 million and the number of outstanding shares have been calculated to be 217,607,040 shares. The 52-week high of RPC (NYSE:RES) is $16.84 and the 52-week low is $8.45.

RPC, Inc. (RPC) is an oilfield services holding company. The Company provides a specialized oilfield services and equipment to independent and oil and gas companies engaged in the exploration, production and development of oil and gas properties. The services and equipment provided include pressure pumping services, downhole tool services, coiled tubing services, snubbing services, nitrogen services, the rental of drill pipe and other specialized oilfield equipment, and well control. The Companys service lines include two segments in oil and gas services business segments: Technical Services and Support Services. RPC acts as a holding company for its operating units, Cudd Energy Services, Patterson Rental and Fishing Tools, Bronco Oilfield Services, Thru Tubing Solutions, Well Control School and others.

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