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Friday, September 29, 2023

Searching For Real Value In Market Debris At RPC Inc. (NYSE: RES)

After Hours

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. After-hours trades for RPC Inc. (RES) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.12, or 1.44%, to $8.48. The RPC Inc. has recorded 33,612 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted RPC, Inc. Announces Regular Quarterly Cash Dividend.

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Stocks Info

As a NYSE listed company, RES falls under the Energy sector while operating within the Oil & Gas Equipment & Services industry segment. At the end of the last regular session, the stock closed at $8.36 and fluctuated between $8.47 as its day high and $8.19 as its day low. The current market capitalization of RPC Inc. is $1.78B. A total of 1.18 million shares were traded on the day, compared to an average of 1.50M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RES has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 23,592 shares. Over the last 12 months, there were 12 BUYs and 40 SELLs from insiders. Insiders purchased 226,878 shares during that period but sold 3,055,727.

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 Pam R sold 1,200 shares at $10.19 per share on Nov 09. Company shares held by the Director now total 53,751.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. RPC Inc. pays an annual dividend of $0.16, resulting in a dividend yield of 1.91%, and it has a price to earnings (P/E) ratio of 6.16. RES’s most recent ex-dividend date was 8/9/2023 when it declared a $0.04 quarterly dividend that was paid in cash on 9/11/2023. Previously, the company paid the dividend on 6/9/2023 with an ex-dividend date of 5/9/2023. The RES stock dividend was $0.04 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RES in the last 3 months, the mean price target is $9.20 with high estimates of $10.00 and low estimates of $7.00. In terms of 52-week highs and lows, RES has a high of $11.40 and a low of $6.24.

As of this writing, RES has an earnings estimate of $0.25 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.31 per share and a lower estimate of $0.22. The company reported an EPS of $0.33 in the last quarter, which was -10.80% lower than expectations of $0.37.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. RES’s latest balance sheet shows that the firm has $82.43M in Cash & Short Term Investments as of fiscal 2021. There were $46.30M in debt and $130.85M in liabilities at the time. Its Book Value Per Share was $4.64, while its Total Shareholder’s Equity was $641.79M.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 2.33.

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