Citigroup Maintains RPC to Neutral with Price Target $16.00

Brokerage firm Citigroup Maintains its rating on RPC(NYSE:RES). In a research note issued to the investors, the brokerage major Raises the price-target to $16.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Sep 12, 2016.

In a different note, On Aug 24, 2016, iBERIA Capital Partners said it Maintains its rating on RPC. The shares have been rated ‘Outperform’ by the firm. On Jul 29, 2016, Citigroup said it Maintains its rating on RPC. In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 13, 2016, Citigroup said it Maintains its rating on RPC. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Neutral’ by the firm.

RPC (RES) shares turned negative on Tuesdays trading session with the shares closing down -0.01 points or -0.07% at a volume of 13,65,960. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.945. The peak price level was also seen at $14.945 while the days lowest was $14.72. Finally the shares closed at $14.85. The 52-week high of the shares is $16.84 while the 52-week low is $8.45. According to the latest information available, the market cap of the company is $3,231 M.

RPC(RES) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $143.00M. Analysts had an estimated revenue of $151.79M. Earnings per share were $-0.23. Analysts had estimated an EPS of $-0.23.

Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, Richard A Hubbell (President and CEO) sold 100,000 shares at $15.80 per share price.Also, On Feb 1, 2016, Gary W Rollins (director 10% owner) purchased 665,400 shares at $12.33 per share price.On Nov 9, 2015, James A Jr Lane (director) sold 30,000 shares at $12.40 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

RPC - Is it time to Sell?

Top Brokerage Firms are advising their investors on RPC. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.