RPC Inc. (NYSE:RES) remained unchanged to close Tuesday at $8.59 after subtracting $0.0 on the day. The 5-day average trading volume is 1,419,080 shares of the company’s common stock. It has gained $9.80 in the past week and touched a new high 1 time within the past 5 days. An average of 1,163,545 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,183,732.
RES’s 1-month performance is -2.28% or -$0.20 on its low of $8.37 reached on 12/28/22. The company’s shares have touched a 52-week low of $5.16 and high of $12.91, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, RES has lost -3.37% or -$0.30 and has reached a new high 6 times. However, the current price is down -33.46% from the 52-week high price.
RES stock investors last saw insider trading activity on Nov 11.Kreisler Amy Rollins (Director) most recently sold 53,751 shares at $10.45 per share on Nov 11. This transaction cost the insider $561,757. Director, Rollins Pam R, sold 53,751 shares at a price of $10.45 on Nov 11. Then, on Nov 11, Director Rollins Timothy Curtis sold 53,751 shares at a price of $10.45 per share. This transaction amounted to $561,757.
RES stock has a beta of 1.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.34 while the price-to-book (PB) in the most recent quarter is 2.37.
RPC Inc.’s quick ratio for the period ended September 29 was 2.80, with the current ratio over the same period at 3.30.. In terms of profitability, the gross margin trailing 12 months is 29.40%. The firm’s gross profit as reported stood at $201.67 million against revenue of $864.93 million.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 92.4% to $69.34 million, while revenue of $46.94 million was 32.3% off the previous quarter. Analysts expected RES to announce $0.22 per share in earnings in its latest quarter, but it posted $0.32, representing a 45.50% surprise. EBITDA for the quarter stood at more than $113.66 million. RES stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 282.17 million, with total debt at $23.13 million. Shareholders hold equity totaling $216.63 million.
Let’s look briefly at RPC Inc. (RES) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 37.60% to suggest the stock is trending Neutral, with historical volatility in this time period at 45.28%.
The stock’s 5-day moving average is $8.65, reflecting a -10.24% or -$0.98 change from its current price. RES is currently trading +1.54% above its 20-day SMA, +10.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -12.61% and SMA200 by-22.19%.
Stochastic %K and %D was 10.70% and 12.54% and the average true range (ATR) pointed at 0.47. The RSI (14) points at 42.87%, while the 14-day stochastic is at 10.34% with the period’s ATR at 0.48. The stock’s 9-day MACD Oscillator is pointing at -0.54 and -0.56 on the 14-day charts.
In the most recent analyst report for RPC Inc. (NYSE: RES), Johnson Rice upgraded it to a Accumulate rating. They previously had a Hold rating on the stock. Analysts offering their rating for RES stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate RES as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 0 have offered a “buy” rating.
What is RES’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $9.00 and a high of $12.50, with their median price target at $11.00. Looking at these predictions, the average price target given by analysts is for RPC Inc. (RES) stock is $11.00.