While RPC, Inc. has underperformed by -2.38%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RES fell by -17.12%, with highs and lows ranging from $9.26 to $5.66, whereas the simple moving average jumped by 1.78% in the last 200 days.
On June 16, 2023, Citigroup Downgraded RPC, Inc. (NYSE: RES) to Sell. A report published by Johnson Rice on April 28, 2022, Upgraded its rating to ‘Accumulate’ for RES. Scotiabank April 13, 2020d its ‘Sector Underperform’ rating to ‘Sector Perform’ for RES, as published in its report on April 13, 2020. Morgan Stanley’s report from March 16, 2020 suggests a price prediction of $2.50 for RES shares, giving the stock a ‘Equal-Weight’ rating. Raymond James also rated the stock as ‘Outperform’.
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Analysis of RPC, Inc. (RES)
RES currently pays a dividend of $0.16 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -12.43%, showing a negative trend in the upcoming months.
In order to gain a clear picture of RPC, Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 11.39% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.86, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.96M can be a very valuable indicator of volatility for RES stock. On a monthly basis, the volatility of the stock is set at 4.28%, whereas on a weekly basis, it is put at 3.89%, with a gain of 5.45% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.35, showing growth from the present price of $6.97, which can serve as yet another indication of whether RES is worth investing in or should be passed over.
How Do You Analyze RPC, Inc. Shares?
The USA based company RPC, Inc. (RES) is one of the biggest names in Oil & Gas Equipment & Services. When comparing RPC, Inc. shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 12.74, there is a growth in quarterly earnings of -49.63%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 55.60%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 42.89% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RES shares are owned by institutional investors to the tune of 42.89% at present.
