Analyst Rating Update on RPC (RES)

RPC (RES) : The consensus on RPC (RES) based on 13 analyst recommendation on the company stock is 1.85, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on RPC (RES).

RPC (RES) : Average target price received by RPC (RES) is $16.3 with an expected standard deviation of $4.03. The most aggressive target on the stock is $22, whereas the most downbeat target is $10. 10 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.


RPC (NYSE:RES): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.76 and $13.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.18, notching a gain of 3.28% for the day. The total traded volume was 1,391,650 . The stock had closed at $13.73 on the previous day.

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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