At the last check on Friday, RPC Inc.’s (NYSE:RES) stock was up $0.28, moving up 3.50 percent to $8.27. The average number of shares traded per day over the past five days has been 887,212 shares. 2 times new highs have been achieved over the past 5 days, with a $0.23 gain in that time frame. In the last twenty days, the average volume was 1,082,173, while in the previous 50 days, it was 1,396,589.
Since last month, RES stock retreated -0.84%. Shares of the company fell to $7.78 on 08/23/23, the lowest level in the past month. A 52-week high of $11.40 was reached on 01/12/23 after having rallying from a 52-week low of $6.24. Since the beginning of this year, RES’s stock price has dropped by -6.97% or -$0.60, and marked a new high 6 times. However, the stock has declined by -27.46% since its 52-week high.
RES stock investors should be aware that RPC Inc. (RES) stock had its last reported insider trading activity 294 days ago on Nov 11. Kreisler Amy Rollins, the Director of the company, disposed of 53,751 shares for $10.45 on Nov 11. It resulted in a $561,757 divestment by the insider. Rollins Pam R sold 53,751 shares at an average price of $10.45 on Nov 11. The insider now owns 0 shares following the transaction. On Nov 11, Director Rollins Timothy Curtis sold 53,751 shares at $10.45 apiece. The transaction was valued at $561,757.
Valuation Metrics
Right now, RPC Inc. (RES) has a P/E ratio of about 6.09. The stock’s beta is 1.82. Besides these, the trailing price-to-sales (P/S) ratio of 0.97, the price-to-book (PB) ratio of 1.78, and the price-to-cash flow ratio of 12.43 may also be considered.
The latest dividend of $0.04 per share was paid out, remained unchanged from last year’s $0.04. On Wednesday January 25 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, RPC Inc.’s quick ratio stood at 4.70, while its current ratio was 5.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 35.20% percent. In the year ended June 29, EBITDA margin amounted to 22.79%, whereas operating margins totaled 20.60%. Based on annual data, RES earned $513.65 million in gross profit and brought in $1.6 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 25.30%. Return on equity (ROE) for the past 12 months was 32.70%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. RES’s revenue rose 9.7% to $476.67 million during the quarter, while net income inched up to $415.86 million. While analysts expected RPC Inc. to report $0.36 quarterly earnings, the actual figure was $0.3 per share, beating the consensus estimate by -16.70%. During the quarter, the company generated $108.81 million in EBITDA. The liabilities of RPC Inc. were 240.79 million at the end of its most recent quarter ended June 29, and its total debt was $28.76 million. The value of shareholders’ equity is $216.41 million.
Technical Picture
This quick technical analysis looks at RPC Inc.’s (RES) price momentum. With a historical volatility rate of 23.78%, the RSI 9-day stood at 57.19% on 31 August.
With respect to its five-day moving average, the current RPC Inc. price is up by +2.85% percent or $0.23. At present, RES shares trade -0.72% below its 20-day simple moving average and +6.69% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.92% above its SMA50 and -15.58% below its SMA200.
Stochastic coefficient K was 54.31% and Stochastic coefficient D was 48.42%, while ATR was 0.24. Given the Stochastic reading of 85.79% for the 14-day period, the RSI (14) reading has been calculated as 54.44%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at 0.01.
Analyst Ratings
RPC Inc. downgraded its rating on RPC Inc. (NYSE: RES) to a Sell in a note to investors on June 16, 2023. The analysts firm previously had a Neutral rating on the stock.RPC Inc. (RES) has been rated Hold by analysts. According to 1 brokerage firm, RES is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate RPC Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $7.00 – $10.00. Based on these forecasts, analysts predict RPC Inc. (RES) will achieve an average price target of $9.20.
