RPC with ticker code (RES) now have 7 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 9 and 6.25 with a mean TP of 7.25. With the stocks previous close at 6.23 this would indicate that there is a potential upside of 16.4%. The day 50 moving average is 4.87 and the 200 moving average now moves to 4.88. The market cap for the company is $1,288m. Company Website: https://www.rpc.net
The potential market cap would be $1,499m based on the market concensus.
RPC, through its subsidiaries, provides 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 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. The Support Services segment provides a range of rental tools, including blowout preventors, high pressure manifolds and valves, hevi-wate drill pipes, tubing products, production related rental tools, pumps, diverters, drill pipes, drill collars, handling tools, Coflexip hoses, and Wear Knot drill pipes that are used for onshore and offshore oil and gas well drilling, completion, and workover activities. This segment also offers oilfield pipe inspection, and pipe management and storage services, as well as well control training, and consulting services. It operates in the United States, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, the Middle East, and internationally. RPC was founded in 1984 and is headquartered in Atlanta, Georgia.
