RPC (RES) Expected to Announce Quarterly Earnings on Thursday

RPC (NYSE:RES) is expected to be posting its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect RPC to post earnings of $0.06 per share and revenue of $329.08 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

RPC Price Performance

Shares of RES opened at $6.41 on Wednesday. The company has a market cap of $1.38 billion, a PE ratio of 11.44 and a beta of 1.59. The firm has a 50-day moving average of $6.25 and a 200-day moving average of $6.31. RPC has a one year low of $5.54 and a one year high of $8.19.

Wall Street Analysts Forecast Growth

RES has been the topic of a number of recent analyst reports. Susquehanna lowered their price target on RPC from $6.50 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus decreased their target price on RPC from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, October 11th.

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.