During the last session, RPC Inc. (NYSE:RES)’s traded shares were 1.63 million, with the beta value of the company hitting 1.53. At the end of the trading day, the stock’s price was $6.91, reflecting an intraday loss of -7.12% or -$0.53. The 52-week high for the RES share is $12.91, that puts it down -86.83 from that peak though still a striking 51.81% gain since the share price plummeted to a 52-week low of $3.33. The company’s market capitalization is $1.61B, and the average intraday trading volume over the past 10 days was 1.81 million shares, and the average trade volume was 1.73 million shares over the past three months.
RPC Inc. (NYSE:RES) trade information
RPC Inc. (RES) registered a -7.12% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.12% in intraday trading to $6.91 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -13.19%, and it has moved by -19.84% in 30 days. Based on these gigs, the overall price performance for the year is 23.84%. The short interest in RPC Inc. (NYSE:RES) is 6.72 million shares and it means that shorts have 3.81 day(s) to cover.
RPC Inc. (RES) estimates and forecasts
Statistics show that RPC Inc. has outperformed its competitors in share price, compared to the industry in which it operates. RPC Inc. (RES) shares have gone up 56.69% during the last six months, with a year-to-date growth rate more than the industry average at 1,366.67% against 19.70. In the rating firms’ projections, revenue will increase 48.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $311.44 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $340.24 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $188.76 million and $225.31 million respectively. In this case, analysts expect current quarter sales to grow by 65.00% and then jump by 51.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 15.50%. While earnings are projected to return 103.40% in 2022.
RPC Inc. is due to release its next quarterly earnings between April 26 and May 02. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
RPC Inc. (NYSE:RES)’s Major holders
RPC Inc. insiders own 65.68% of total outstanding shares while institutional holders control 29.03%, with the float percentage being 84.59%. Blackrock Inc. is the largest shareholder of the company, while 231 institutions own stock in it. As of Mar 30, 2022, the company held over 11.57 million shares (or 5.35% of all shares), a total value of $123.48 million in shares.
The next largest institutional holding, with 9.63 million shares, is of Van Eck Associates Corporation’s that is approximately 4.45% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $102.79 million.
Also, the Mutual Funds coming in first place with the largest holdings of RPC Inc. (RES) shares are VanEck ETF Trust-VanEck Oil Services ETF and iShares Core S&P Smallcap ETF. Data provided on Feb 27, 2022 indicates that VanEck ETF Trust-VanEck Oil Services ETF owns about 8.89 million shares. This amounts to just over 4.11 percent of the company’s overall shares, with a $77.95 million market value. The same data shows that the other fund manager holds slightly less at 5.01 million, or about 2.32% of the stock, which is worth about $29.63 million.