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Tuesday, January 31, 2023

Are Things Looking Up For RPC Inc. (NYSE: RES)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for RPC Inc. (RES) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.44, or 4.40%, to $10.43. The RPC Inc. has recorded 36,656 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted RPC, Inc. Announces Date for Fourth Quarter 2022 Financial Results and Conference Call.


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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas Equipment & Services industry segment. At the end of the last regular session, the stock closed at $9.99 and fluctuated between $10.32 as its day high and $9.72 as its day low. The current market capitalization of RPC Inc. is $2.09B. A total of 1.05 million shares were traded on the day, compared to an average of 1.23M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, RES has seen 0 BUY and 21 SELL insider trades, representing the acquisition of 0 and the disposition of 2,941,377 shares. Over the last 12 months, there were 12 BUYs and 74 SELLs from insiders. Insiders purchased 417,069 shares during that period but sold 17,357,309.

In the most recent transaction, Kreisler Amy Rollins sold 53,751 shares of RES for 10.45 per share on Nov 11. After the transaction, the Director now owns 0 company shares. In a previous transaction on Nov 11, Rollins Pam R sold 53,751 shares at 10.45 per share. RES shares that Director owns now total 0.

Among the insiders who sold shares, Rollins Timothy Curtis disposed of 53,751 shares on Nov 11 at a per-share price of $10.45. This resulted in the Director holding 0 shares of RES after the transaction. In another insider transaction, Rollins Timothy Curtis sold 1,200 shares at $10.19 per share on Nov 09. Company shares held by the Director now total 53,751.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. RPC Inc. pays an annual dividend of $0.08, resulting in a dividend yield of 0.80%, and it has a price to earnings (P/E) ratio of 14.78. RES’s most recent ex-dividend date was 11/9/2022 when it declared a $0.02 quarterly dividend that was paid in cash on 12/9/2022. Previously, the company paid the dividend on 9/9/2022 with an ex-dividend date of 8/9/2022. The RES stock dividend was $0.02 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for RES in the last 3 months, the mean price target is $11.00 with high estimates of $12.50 and low estimates of $9.00. In terms of 52-week highs and lows, RES has a high of $12.91 and a low of $5.16.

As of this writing, RES has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.3 per share and a lower estimate of $0.11. The company reported an EPS of $0.22 in the last quarter, which was 120.00% higher than expectations of $0.1.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RES is Overweight with a score of 3.00. A total of 0 analysts rated the stock as Buy while 1 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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