RPC, Inc. – Consensus Indicates Potential 40.0% Upside

Broker Ratings

RPC, Inc. with ticker code (RES) now have 5 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 13 and 8.5 calculating the mean target price we have $11.30. Given that the stocks previous close was at $8.07 this indicates there is a potential upside of 40.0%. Also worth taking note is the 50 day moving average now sits at $9.17 and the 200 day moving average is $8.39. The company has a market capitalization of $1,725m. You can visit the company’s website by visiting: https://www.rpc.net

The potential market cap would be $2,416m based on the market consensus.

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RPC, Inc., through its subsidiaries, provides 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. It 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. The Support Services segment provides a range of rental tools for onshore and offshore oil and gas well drilling, completion, and workover activities. This segment also offers oilfield pipe inspection, and pipe management and storage services, as well as well control training and consulting services. The company operates in the United States, Africa, Canada, Argentina, China, Mexico, Latin America, the Middle East, and internationally. RPC, Inc. was founded in 1984 and is headquartered in Atlanta, Georgia.

The company has a dividend yield of 1.98% with the ex dividend date set at 9-2-2023 (DMY).

Other points of data to note are a P/E ratio of 8.53, revenue per share of 7.51 and a 17.69% return on assets.

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