RPC (NYSE:RES) Reaches New 12-Month Low – Should You Sell?

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

Wall Street Analyst Weigh In

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

RPC Stock Performance

The business has a 50 day simple moving average of $6.18 and a two-hundred day simple moving average of $6.22. The firm has a market capitalization of $1.14 billion, a P/E ratio of 12.28 and a beta of 1.58.

RPC (NYSE:RES) last announced its earnings results on Thursday, January 30th. The oil and gas company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. RPC had a net margin of 6.46% and a return on equity of 8.62%. On average, equities analysts anticipate that RPC, Inc. will post 0.31 earnings per share for the current fiscal year.

RPC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Monday, February 10th. RPC’s dividend payout ratio is currently 37.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RES. International Assets Investment Management LLC boosted its holdings in shares of RPC by 540.4% in the 3rd quarter. International Assets Investment Management LLC now owns 4,560 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 3,848 shares in the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in RPC in the fourth quarter worth approximately $59,000. GAMMA Investing LLC grew its position in RPC by 437.4% during the fourth quarter. GAMMA Investing LLC now owns 10,087 shares of the oil and gas company’s stock valued at $60,000 after acquiring an additional 8,210 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of RPC during the fourth quarter worth approximately $64,000. Finally, Ieq Capital LLC bought a new stake in shares of RPC in the 4th quarter worth approximately $65,000. Institutional investors own 41.06% of the company’s stock.

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.