Recent important negative changes in fundamentals have impacted RPC Inc. (NYSE: RES): significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
RPC Inc. (NYSE: RES) suffers from notable negative changes in investment behavior: its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 (Low 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 78 but a very low Power Rating of 13, with the Low Neutral Value Trend Rating the result.
Recent Price Action
RPC Inc. (NYSE: RES) stock declined modestly by -1.5% on 9/5/24. The stock closed at $5.91. This decline was accompanied by normal trading volume. The stock has been weak relative to the market over the last nine months and has declined -7.2% during the last week.
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