Q3 2017 Earnings Estimate for RPC, Inc. (RES) Issued By Jefferies Group

RPC, Inc. (NYSE:RES) – Equities researchers at Jefferies Group lowered their Q3 2017 earnings per share estimates for shares of RPC in a research report issued on Thursday. Jefferies Group analyst B. Handler now anticipates that the oil and gas company will post earnings per share of $0.34 for the quarter, down from their prior estimate of $0.35. Jefferies Group currently has a “Hold” rating and a $26.00 price objective on the stock. Jefferies Group also issued estimates for RPC’s Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $0.96 EPS, FY2018 earnings at $1.80 EPS, FY2019 earnings at $2.20 EPS and FY2020 earnings at $2.50 EPS.

A number of other research firms have also recently commented on RES. Citigroup Inc. lifted their target price on shares of RPC from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 5th. Barclays PLC initiated coverage on shares of RPC in a research note on Tuesday, September 5th. They issued an “equal weight” rating and a $19.00 target price for the company. Morgan Stanley lowered their target price on shares of RPC from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 21st. Seaport Global Securities cut shares of RPC from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $20.00 in a research note on Wednesday, June 21st. Finally, Cowen and Company lifted their target price on shares of RPC from $20.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.26.

WARNING: This article was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/10/q3-2017-earnings-estimate-for-rpc-inc-res-issued-by-jefferies-group.html.

RPC (RES) opened at 23.06 on Monday. The company’s 50-day moving average is $21.74 and its 200-day moving average is $19.98. RPC has a 12 month low of $16.48 and a 12 month high of $25.00. The company’s market cap is $5.01 billion.

RPC (NYSE:RES) last issued its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. The company had revenue of $399.00 million for the quarter, compared to the consensus estimate of $415.65 million. RPC had a negative net margin of 1.15% and a negative return on equity of 1.74%. The firm’s revenue for the quarter was up 179.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.23) earnings per share.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 10th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.04%. This is a boost from RPC’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, August 8th. RPC’s payout ratio is presently -183.30%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC lifted its stake in RPC by 15.9% during the 2nd quarter. Advisory Services Network LLC now owns 13,028 shares of the oil and gas company’s stock valued at $263,000 after acquiring an additional 1,790 shares during the period. Sterling Capital Management LLC lifted its stake in RPC by 57.0% during the 2nd quarter. Sterling Capital Management LLC now owns 162,749 shares of the oil and gas company’s stock valued at $3,289,000 after acquiring an additional 59,109 shares during the period. Susquehanna International Group LLP lifted its stake in RPC by 168.9% during the 2nd quarter. Susquehanna International Group LLP now owns 15,100 shares of the oil and gas company’s stock valued at $305,000 after acquiring an additional 37,000 shares during the period. 361 Capital LLC acquired a new stake in RPC during the 2nd quarter valued at approximately $4,043,000. Finally, The Manufacturers Life Insurance Company lifted its stake in RPC by 7.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,514 shares of the oil and gas company’s stock valued at $132,000 after acquiring an additional 459 shares during the period. Institutional investors and hedge funds own 38.17% of the company’s stock.

About RPC

RPC, Inc (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment primarily to independent oil and gas companies engaged in the exploration, production and developme

RPC, Inc. (NYSE:RES) – Equities researchers at Jefferies Group lowered their Q3 2017 earnings per share estimates for shares of RPC in a research report issued on Thursday. Jefferies Group analyst B. Handler now anticipates that the oil and gas company will post earnings per share of $0.34 for the quarter, down from their prior estimate of $0.35. Jefferies Group currently has a “Hold” rating and a $26.00 price objective on the stock. Jefferies Group also issued estimates for RPC’s Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $0.96 EPS, FY2018 earnings at $1.80 EPS, FY2019 earnings at $2.20 EPS and FY2020 earnings at $2.50 EPS.

A number of other research firms have also recently commented on RES. Citigroup Inc. lifted their target price on shares of RPC from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 5th. Barclays PLC initiated coverage on shares of RPC in a research note on Tuesday, September 5th. They issued an “equal weight” rating and a $19.00 target price for the company. Morgan Stanley lowered their target price on shares of RPC from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 21st. Seaport Global Securities cut shares of RPC from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $20.00 in a research note on Wednesday, June 21st. Finally, Cowen and Company lifted their target price on shares of RPC from $20.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.26.

WARNING: This article was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/10/q3-2017-earnings-estimate-for-rpc-inc-res-issued-by-jefferies-group.html.

RPC (RES) opened at 23.06 on Monday. The company’s 50-day moving average is $21.74 and its 200-day moving average is $19.98. RPC has a 12 month low of $16.48 and a 12 month high of $25.00. The company’s market cap is $5.01 billion.

RPC (NYSE:RES) last issued its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. The company had revenue of $399.00 million for the quarter, compared to the consensus estimate of $415.65 million. RPC had a negative net margin of 1.15% and a negative return on equity of 1.74%. The firm’s revenue for the quarter was up 179.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.23) earnings per share.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 10th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.04%. This is a boost from RPC’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, August 8th. RPC’s payout ratio is presently -183.30%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC lifted its stake in RPC by 15.9% during the 2nd quarter. Advisory Services Network LLC now owns 13,028 shares of the oil and gas company’s stock valued at $263,000 after acquiring an additional 1,790 shares during the period. Sterling Capital Management LLC lifted its stake in RPC by 57.0% during the 2nd quarter. Sterling Capital Management LLC now owns 162,749 shares of the oil and gas company’s stock valued at $3,289,000 after acquiring an additional 59,109 shares during the period. Susquehanna International Group LLP lifted its stake in RPC by 168.9% during the 2nd quarter. Susquehanna International Group LLP now owns 15,100 shares of the oil and gas company’s stock valued at $305,000 after acquiring an additional 37,000 shares during the period. 361 Capital LLC acquired a new stake in RPC during the 2nd quarter valued at approximately $4,043,000. Finally, The Manufacturers Life Insurance Company lifted its stake in RPC by 7.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,514 shares of the oil and gas company’s stock valued at $132,000 after acquiring an additional 459 shares during the period. Institutional investors and hedge funds own 38.17% of the company’s stock.

About RPC

RPC, Inc (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment primarily to independent oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets.

Earnings History and Estimates for RPC (NYSE:RES)

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