RPC (RES) Shares are Up 7.9%

RPC (RES) : Traders are bullish on RPC (RES) as it has outperformed the S&P 500 by a wide margin of 11.42% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.72%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.9% in the last 1 week, and is up 10.82% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 9.81% and the 50-Day Moving Average is 10.81%.The 200 Day SMA reached 19.38%


RPC (NYSE:RES): After opening at $16.62, the stock dipped to an intraday low of $16.37 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $16.92 and the buying power remained strong till the end. The stock closed at $16.8 for the day, a gain of 2.19% for the day session. The total traded volume was 2,130,847. The stocks close on the previous trading day was $16.8.

RPC (RES) : The consensus price target for RPC (RES) is $16.89 for the short term with a standard deviation of $3.86. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $22, however, the pessimist price target for the company is $10.

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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