RPC (NYSE:RES – Get Free Report) issued its quarterly earnings results on Thursday. The oil and gas company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05), Briefing.com reports. RPC had a net margin of 8.08% and a return on equity of 11.52%. The firm had revenue of $337.70 million for the quarter, compared to analysts’ expectations of $365.33 million. During the same period in the prior year, the company earned $0.08 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis.
RPC Stock Down 0.5 %
Shares of NYSE:RES traded down $0.03 during midday trading on Friday, hitting $5.97. 2,001,165 shares of the stock traded hands, compared to its average volume of 1,727,197. The business’s 50 day moving average is $6.42 and its two-hundred day moving average is $6.60. The stock has a market capitalization of $1.28 billion, a PE ratio of 8.59 and a beta of 1.55. RPC has a one year low of $5.66 and a one year high of $8.60.
RPC Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, November 8th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.68%. RPC’s dividend payout ratio (DPR) is currently 22.86%.
Wall Street Analyst Weigh In
View Our Latest Stock Report on RES
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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