Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for RPC Inc. (NYSE: RES) improved of late. RES’ current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/18/24, RPC Inc. (NYSE: RES) stock declined slightly by -0.9%, closing at $7.55. However, trading volume in this decline was below average at 82% of normal. The stock is unchanged during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
RES is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
RPC has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. RPC has a slightly positive Appreciation Score of 64 but a slightly negative Power Rating of 31, resulting in the Low Neutral Value Trend Rating.
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