Stock Rating Downgrade
In the last week the Value Trend Rating for RPC Inc. (NYSE: RES) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
RPC Inc. (NYSE: RES) stock closed at $6.01 on 11/8/24 after a decline of -2.9%. This decline was accompanied by normal trading volume. The stock has risen 5.8% 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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. RPC has a neutral Appreciation Score of 51 but a very low Power Rating of 14, leading to the Negative Value Trend Rating.
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