RPC found using ticker (RES) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 9 and 6.25 calculating the average target price we see 7.25. With the stocks previous close at 9.43 this would imply there is a potential downside of -23.1%. The 50 day MA is 6.44 and the 200 moving average now moves to 5.16. The market cap for the company is $2,086m. Visit the company website at: https://www.rpc.net
The potential market cap would be $1,604m 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 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. The Support Services segment provides a range of rental tools 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. The company 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.
