RPC which can be found using ticker (RES) have now 5 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 13 and 8.5 suggesting an average Analsyt target price of $11.30. Now with the previous closing price of $7.64 this is indicating there is a potential upside of 47.9%. The 50 day MA is $8.95 and the 200 moving average now moves to $8.33. The company has a market cap of $1,675m. Company Website: https://www.rpc.net
The potential market cap would be $2,477m based on the market consensus.
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. It 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, Latin America, the Middle East, and internationally. RPC was founded in 1984 and is headquartered in Atlanta, Georgia.
The company has a dividend yield of 2.02% with the ex dividend date set at 9-2-2023 (DMY).
Other points of data to note are a P/E ratio of 7.55, revenue per share of 7.51 and a 17.69% return on assets.
