RPC Inc. (NYSE: RES) has reported earnings for its second fiscal quarter (ending June 30) of $0.15 versus $0.30 for the same period a year ago — a decline of -50%. Relative to the consensus estimate of $0.14, this was a premium of $0.01. For the latest four quarters through June 30, E.P.S. were $0.55 compared to $1.35 a year ago — a decline of -59%.
Recent Price Action
RPC Inc. (NYSE: RES) stock closed at $6.93 on 7/25/24 after a major increase of 20.1%. Moreover, trading volume in this advance was exceptionally high at 412% of normal. The stock has risen 7.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RES is expected to continue to be a Value Builder.
RPC has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. RPC has a very high Appreciation Score of 88 but a poor Power Rating of 16, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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