RPC, Inc (NYSE:RES) has a beta value of 0.87 and has seen 0.79 million shares traded in the recent trading session. The company, currently valued at $1.09B, closed the recent trade at $5.03 per share which meant it gained $0.03 on the day or 0.64% during that session. The RES stock price is -61.83% off its 52-week high price of $8.14 and 18.49% above the 52-week low of $4.10. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.03 million shares traded. The 3-month trading volume is 1.78 million shares.
The consensus among analysts is that RPC, Inc (RES) is Hold stock at the moment, with a recommendation rating of 2.80. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.05.
RPC, Inc (NYSE:RES) trade information
Sporting 0.64% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RES stock price touched $5.03 or saw a rise of 3.45%. Year-to-date, RPC, Inc shares have moved -15.28%, while the 5-day performance has seen it change 5.06%. Over the past 30 days, the shares of RPC, Inc (NYSE:RES) have changed -9.33%. Short interest in the company has seen 15.44 million shares shorted with days to cover at 8.06.
Wall Street analysts have a consensus price target for the stock at $10, which means that the shares’ value could jump 49.7% from the levels at last check today.. The projected low price target is $7.0 while the price target rests at a high of $13.0. In that case, then, we find that the latest price level in today’s session is -158.45% off the targeted high while a plunge would see the stock gain -39.17% from the levels at last check today..
RPC, Inc (RES) estimates and forecasts
The company’s shares have lost -21.37% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 14.18%.
4 analysts offering their estimates for the company have set an average revenue estimate of 326.71M for the current quarter. 4 have an estimated revenue figure of 407.46M for the next ending quarter. Year-ago sales stood 377.83M and 364.15M respectively for this quarter and the next, and analysts expect sales will shrink by -13.53% for the current quarter and 14.18% for the next.
RES Dividends
RPC, Inc is expected to release its next earnings report on 2025-Jan-29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.16 at a share yield of 3.18%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.16%.
RPC, Inc (NYSE:RES)’s Major holders
Insiders own 61.22% of the company shares, while shares held by institutions stand at 44.99% with a share float percentage of 116.00%. Investors are also buoyed by the number of investors in a company, with RPC, Inc having a total of 281.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 14.58 million shares worth more than $91.15 million. As of 2024-06-30, BLACKROCK INC. held 6.904% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 10.7 million shares as of 2024-06-30. The firm’s total holdings are worth over $66.88 million and represent 5.0657% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Pacer Funds Trust-Pacer US Small Cap Cash Cows ETF and iShares Trust-iShares Core S&P Small-Cap ETF . As of Jan 31, 2025 , the former fund manager holds about 3.33% shares in the company for having 7.19 shares of worth $35.96 million while later fund manager owns 5.23 shares of worth $26.19 million as of Mar 31, 2025 , which makes it owner of about 2.42% of company’s outstanding stock.
