RPC Inc. (NYSE: RES) has reported earnings for its first fiscal quarter (ending March 31) of $0.13 versus $0.33 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $0.70 versus $1.27 for the same period a year ago.
Recent Price Action
RPC Inc. (NYSE: RES) stock suffered a large decline of -7.1% on 4/25/24. The stock closed at $7.36. Moreover, exceptionally high trading volume at 309% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -3.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RES is expected to continue to be a Value Builder.
RPC has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. RPC has a good Appreciation Score of 81 but a poor Power Rating of 28, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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