Discussion stirs around RPC, Inc. (NYSE:RES) this week; here is what analysts are saying.

January 20, 2018 - By Ellis Scott

 Discussion stirs around RPC, Inc. (NYSE:RES) this week; here is what analysts are saying.
Investors sentiment decreased to 0.94 in 2017 Q3. Its down 0.05, from 0.99 in 2017Q2. It fall, as 29 investors sold RPC, Inc. shares while 69 reduced holdings. 42 funds opened positions while 50 raised stakes. 80.91 million shares or 2.04% more from 79.30 million shares in 2017Q2 were reported.
The Texas-based Stephens Invest Mngmt Group Ltd has invested 0.44% in RPC, Inc. (NYSE:RES). First Mercantile has invested 0.07% in RPC, Inc. (NYSE:RES). Hancock Hldgs Co accumulated 445,839 shares. 898,310 were accumulated by Chicago Equity Prns Ltd Liability Company. Moreover, Blackrock has 0% invested in RPC, Inc. (NYSE:RES) for 2.91 million shares. Gamco Investors Incorporated Et Al holds 0.42% of its portfolio in RPC, Inc. (NYSE:RES) for 2.74M shares. Amundi Pioneer Asset Mgmt Incorporated invested in 1.15M shares. Etrade Mngmt accumulated 46,640 shares. Carmignac Gestion holds 0.09% in RPC, Inc. (NYSE:RES) or 465,000 shares. Deutsche Savings Bank Ag accumulated 1.16M shares. 90 are held by Stephens Ar. Balyasny Asset Mgmt Limited Liability Corporation holds 0% or 25,000 shares in its portfolio. Mutual Of America Mgmt Ltd Liability Com reported 144,328 shares or 0.06% of all its holdings. Bokf Na reported 0.02% of its portfolio in RPC, Inc. (NYSE:RES). Victory Capital owns 0.12% invested in RPC, Inc. (NYSE:RES) for 2.07M shares.

RPC, Inc. (NYSE:RES) Ratings Coverage

Among 24 analysts covering RPC (NYSE:RES), 6 have Buy rating, 1 Sell and 17 Hold. Therefore 25% are positive. RPC had 75 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of RPC, Inc. (NYSE:RES) has “Hold” rating given on Wednesday, August 30 by Cowen & Co. Guggenheim initiated it with “Buy” rating and $18 target in Tuesday, December 22 report. The rating was maintained by Piper Jaffray on Thursday, January 11 with “Hold”. Cowen & Co maintained the stock with “Outperform” rating in Thursday, April 28 report. Seaport Global upgraded RPC, Inc. (NYSE:RES) on Thursday, December 1 to “Buy” rating. The firm has “Neutral” rating given on Friday, January 8 by Macquarie Research. Jefferies initiated it with “Buy” rating and $22.0 target in Monday, November 28 report. As per Friday, October 6, the company rating was maintained by Cowen & Co. The rating was upgraded by Wells Fargo on Monday, January 11 to “Outperform”. The stock has “Outperform” rating by Credit Suisse on Thursday, January 26. Below is a list of RPC, Inc. (NYSE:RES) latest ratings and price target changes.

12/01/2018 Broker: Wells Fargo Rating: Hold Downgrade
11/01/2018 Broker: Cowen & Co Rating: Hold New Target: $28.0 Maintain
11/01/2018 Broker: Piper Jaffray Rating: Hold New Target: $24.0 Maintain
10/01/2018 Broker: Stephens Rating: Equal-Weight New Target: $28 Initiates Coverage On
04/01/2018 Broker: Jefferies Rating: Hold New Target: $29.0 Maintain
22/12/2017 Broker: B. Riley & Co Old Rating: Buy New Rating: Neutral Downgrade
22/12/2017 Broker: FBR Capital Rating: Inc.
07/12/2017 Broker: Evercore Old Rating: Outperform New Rating: In-Line Downgrade
14/11/2017 Broker: FBR Capital Rating: Buy New Target: $27.0
14/11/2017 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Underweight Downgrade

The stock increased 1.32% or $0.32 during the last trading session, reaching $24.65. About 1.20M shares traded. RPC, Inc. (NYSE:RES) has risen 47.61% since January 20, 2017 and is uptrending. It has outperformed by 30.91% the S&P500.

RPC, Inc. provides a range of oilfield services and equipment for gas and oil companies involved in the exploration, production, and development of gas and oil properties in the United States, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, and the Middle East. The company has market cap of $5.34 billion. The firm operates in two divisions, Technical Services and Support Services. It has a 64.87 P/E ratio. The Technical Services segment offers pressure pumping, fracturing, acidizing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing services that are used in the completion, production, and maintenance of gas and oil wells.

Another recent and important RPC, Inc. (NYSE:RES) news was published by Zacks.com which published an article titled: “Bull of the Day: RPC Inc. (RES)” on January 19, 2018.

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