RPC (RES) to Release Quarterly Earnings on Thursday

RPC (NYSE:RES) is anticipated to issue its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $329,082.25 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

RPC (NYSE:RES) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The firm had revenue of $337.70 million during the quarter, compared to analysts’ expectations of $365.33 million. RPC had a net margin of 8.07% and a return on equity of 11.36%. RPC’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 EPS. On average, analysts expect RPC to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

RPC Trading Down 3.8 %

Shares of NYSE:RES opened at $6.71 on Thursday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 11.97 and a beta of 1.59. RPC has a 12 month low of $5.54 and a 12 month high of $8.19. The company has a 50-day moving average price of $6.18 and a 200-day moving average price of $6.28.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Stifel Nicolaus lowered their price target on RPC from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Susquehanna decreased their target price on RPC from $6.50 to $6.00 and set a “neutral” rating for the company in a report on Friday, October 25th.

About RPC

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.