RPC (NYSE:RES) Sets New 1-Year Low – Should You Sell?

Shares of RPC, Inc. (NYSE:RES) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.23 and last traded at $5.28, with a volume of 1840569 shares traded. The stock had previously closed at $5.58.

Analyst Ratings Changes

Separately, Citigroup lifted their target price on RPC from $5.25 to $5.50 and gave the stock a “sell” rating in a report on Thursday, February 20th.

RPC Stock Down 2.2 %

The company has a 50 day simple moving average of $6.16 and a 200 day simple moving average of $6.20. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 12.03 and a beta of 1.52.

RPC (NYSE:RES) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. RPC had a net margin of 6.46% and a return on equity of 8.62%. As a group, analysts predict that RPC, Inc. will post 0.31 earnings per share for the current fiscal year.

RPC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, February 10th. This represents a $0.16 dividend on an annualized basis and a yield of 3.09%. RPC’s payout ratio is currently 37.21%.

Institutional Trading of RPC

A number of large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of RPC by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,368 shares of the oil and gas company’s stock worth $287,000 after buying an additional 1,697 shares during the period. Franklin Resources Inc. grew its holdings in RPC by 3.8% in the fourth quarter. Franklin Resources Inc. now owns 48,030 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 1,758 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in RPC by 9.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,950 shares of the oil and gas company’s stock worth $130,000 after purchasing an additional 1,850 shares during the period. HighTower Advisors LLC grew its stake in shares of RPC by 6.1% in the 3rd quarter. HighTower Advisors LLC now owns 40,082 shares of the oil and gas company’s stock valued at $252,000 after buying an additional 2,288 shares during the period. Finally, Inspire Investing LLC grew its stake in shares of RPC by 3.9% in the 4th quarter. Inspire Investing LLC now owns 66,994 shares of the oil and gas company’s stock valued at $398,000 after buying an additional 2,500 shares during the period. 41.06% of the stock is currently owned by institutional investors and hedge funds.

RPC Company Profile

RPC, Inc, through its subsidiaries, engages provision of a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells.