RPC Inc (NYSE:RES) Quarterly Sentiment Report

Sentiment for RPC Inc (NYSE:RES)

RPC Inc (NYSE:RES) institutional sentiment decreased to 0.82 in 2018 Q2. Its down -0.28, from 1.1 in 2018Q1. The ratio turned negative, as 100 active investment managers increased and opened new holdings, while 122 sold and reduced equity positions in RPC Inc. The active investment managers in our partner’s database now possess: 66.20 million shares, down from 76.88 million shares in 2018Q1. Also, the number of active investment managers holding RPC Inc in their top 10 holdings decreased from 1 to 0 for a decrease of 1. Sold All: 60 Reduced: 62 Increased: 61 New Position: 39.

RPC, Inc. provides a range of oilfield services and equipment for gas and oil companies involved in the exploration, production, and development of gas and oil properties in the United States, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, and the Middle East. The company has market cap of $2.69 billion. The firm operates in two divisions, Technical Services and Support Services. It has a 12.3 P/E ratio. The Technical Services segment offers pressure pumping, fracturing, acidizing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing services that are used in the completion, production, and maintenance of gas and oil wells.

The stock decreased 1.88% or $0.24 during the last trading session, reaching $12.53. About 232,262 shares traded. RPC, Inc. (NYSE:RES) has declined 33.23% since December 6, 2017 and is downtrending. It has underperformed by 48.85% the S&P500.

Analysts await RPC, Inc. (NYSE:RES) to report earnings on January, 23. They expect $0.11 earnings per share, down 38.89 % or $0.07 from last year’s $0.18 per share. RES’s profit will be $23.62 million for 28.48 P/E if the $0.11 EPS becomes a reality. After $0.19 actual earnings per share reported by RPC, Inc. for the previous quarter, Wall Street now forecasts -42.11 % negative EPS growth.

Mraz Amerine & Associates Inc. holds 1.75% of its portfolio in RPC, Inc. for 397,212 shares. South Street Advisors Llc owns 352,250 shares or 1.55% of their US portfolio. Moreover, Alphaone Investment Services Llc has 1.2% invested in the company for 286,460 shares. The Massachusetts-based Aristotle Capital Boston Llc has invested 0.62% in the stock. Eagle Boston Investment Management Inc, a Massachusetts-based fund reported 448,350 shares.

RPC, Inc. (NYSE:RES) Ratings Coverage

Ratings analysis reveals 0 of RPC’s analysts are positive. Out of 6 Wall Street analysts rating RPC, 0 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $14 while the high is $16. The stock’s average target of $16.67 is 33.04% above today’s ($12.53) share price. RES was included in 8 notes of analysts from July 9, 2018. As per Thursday, October 25, the company rating was maintained by Credit Suisse. On Thursday, August 9 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The stock of RPC, Inc. (NYSE:RES) has “Hold” rating given on Thursday, August 30 by SunTrust. The stock has “Neutral” rating by Citigroup on Monday, July 9. The stock of RPC, Inc. (NYSE:RES) has “Neutral” rating given on Thursday, July 26 by Credit Suisse. Citigroup maintained the shares of RES in report on Friday, September 14 with “Neutral” rating. On Thursday, October 11 the stock rating was maintained by Morgan Stanley with “Underweight”.

More news for RPC, Inc. (NYSE:RES) were recently published by: Seekingalpha.com, which released: “RPC Inc.: A Quality Cyclical Value – Seeking Alpha” on June 22, 2018. Gurufocus.com‘s article titled: “Sarah Ketterer Invests in Oilfield Services Company, ETF in 3rd Quarter – GuruFocus.com” and published on November 15, 2018 is yet another important article.

RPC, Inc. (NYSE:RES) Institutional Positions Chart

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