RPC (NYSE:RES – Get Free Report) released its quarterly earnings results on Thursday. The oil and gas company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02, Briefing.com reports. The firm had revenue of $364.20 million for the quarter, compared to analysts’ expectations of $381.18 million. RPC had a return on equity of 15.02% and a net margin of 9.95%. The company’s revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 EPS.
RPC Trading Up 0.5 %
RES traded up $0.04 on Friday, hitting $6.97. 3,917,547 shares of the company’s stock traded hands, compared to its average volume of 1,685,535. The company’s 50 day simple moving average is $6.35 and its 200-day simple moving average is $6.96. RPC has a one year low of $5.66 and a one year high of $9.41. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 9.95 and a beta of 1.59.
RPC Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, August 9th. RPC’s dividend payout ratio (DPR) is 22.86%.
Analyst Upgrades and Downgrades
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.
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