RPC Inc. (NYSE:RES) traded with a subtraction of -$0.39 to close at $8.84on Friday, a downside of -4.23 percent. An average of 1,173,561 shares of common stock have been traded in the last five days. There was a gain of $0.11 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 1,353,360 shares traded, while the 50-day average volume stands at 1,316,778.
RES stock has increased by 9.00% in the last month. The company shares reached their 1-month lowest point of $7.97 on 08/31/23. With the stock rallying to its 52-week high on 01/12/23, shares of the company touched a low of $6.54 and a high of $11.40 in 52 weeks. It has reached a new high 6 times so far this year and lost -0.56% or -$0.01 in price. In spite of this, the price is down -22.46% from the 52-week high.
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Insider Transactions
RES stock investors should be aware that RPC Inc. (RES) stock had its last reported insider trading activity 322 days ago on Nov 11. In this transaction, the insider spent $561,757. Director, Rollins Pam R, disposed of 53,751 shares at a price of $10.45 on Nov 11. The insider now owns more than $561,757 worth of shares. Prior to that, Director Rollins Timothy Curtis went on to Sale 53,751 shares at $10.45 each on Nov 11. An amount of $561,757 was transacted.
Valuation Metrics
RPC Inc. (RES) has a trailing price-to-earnings (P/E) ratio of 6.57, which compares with the N/A for the broader industry. The stock’s beta is 1.75. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.04, the price-to-book (PB) ratio at 1.94, and the price-to-cash flow ratio at 13.42.
The company has a payout ratio of 3.97%. The company’s most recent quarterly dividend payment was $0.04 a share, without any change from last year. Its latest increase dividend $0.02 reported on Wednesday January 25 2023.
Financial Health
The quick ratio of RPC Inc. for the three months ended June 29 was 4.12, and the current ratio was 5.46, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.02 and a total debt to equity ratio of 0.03 for the quarter ending June 29. Its gross profit as reported stood at $513.65 million compared to revenue of $1.6 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, RPC Inc.’s return on assets was 26.30%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $65.01 million in the quarter, while revenues of $71.52 million were grew 27.8%. The analyst consensus anticipated RPC Inc.’s latest quarter earnings to come in at $0.36 per share, but it turned out to be $0.3, a -16.70% surprise. For the quarter, EBITDA amounted to $108.81 million. Shareholders own equity worth $216.41 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at RPC Inc. (RES) price momentum. RSI 9-day as of the close on 28 September was 54.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 38.12%.
As of today, RES’s price is $9.03 +1.25% or $0.11 from its 5-day moving average. RES is currently trading +11.14% higher than its 20-day SMA and +27.77% higher than its 100-day SMA. However, the stock’s current price level is +3.14% above the SMA50 and +6.09% above the SMA200.
The stochastic %K and %D were 77.50% and 81.79%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 54.09% and the average true range at 0.30, the RSI (14) stands at 56.14%. The stock has reached 0.22 on the 9-day MACD Oscillator while the 14-day reading was at 0.31.
Analyst Ratings
Citigroup downgraded RPC Inc. (NYSE: RES) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for RPC Inc. (RES) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RES, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 0 others rate it as a “buy”.
What is RES’s price target for the next 12 months?
Analysts predict a range of price targets between $9.00 and $10.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for RPC Inc. (RES) stock is $9.75.
