RPC (NYSE:RES) Releases Quarterly Earnings Results, Hits Expectations

Posted by Trevor Kearing on Jan 30th, 2025

RPC (NYSE:RES – Get Free Report) posted its quarterly earnings data on Thursday. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06, Zacks reports. RPC had a net margin of 8.07% and a return on equity of 11.36%.

RPC Stock Down 4.3 %

RPC stock traded down $0.28 during mid-day trading on Thursday, reaching $6.15. The company had a trading volume of 979,030 shares, compared to its average volume of 1,504,773. The company has a 50 day moving average of $6.26 and a 200-day moving average of $6.31. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 11.03 and a beta of 1.59. RPC has a 52 week low of $5.54 and a 52 week high of $8.19.

RPC Announces Dividend

The business 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 $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.60%. RPC’s dividend payout ratio (DPR) is presently 28.57%.

Analysts Set New Price Targets

Several analysts recently issued reports on RES shares. Susquehanna decreased their price objective on shares of RPC from $6.50 to $6.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Stifel Nicolaus decreased their price objective on shares of RPC from $8.00 to $7.00 and set a “hold” rating for the company in a report on Friday, October 11th.

Read Our Latest Stock Analysis on RPC

RPC Company Profile

(Get Free Report)

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.