RPC Inc. (NYSE: RES) has reported E.P.S. of $0.09 for its third fiscal quarter (ending September 30) versus $0.08 for the same period a year ago — an increase of 12%. E.P.S. were $0.56 for the latest four quarters through September 30 versus $1.11 for the same period a year ago — a decline of -50%.
Recent Price Action
RPC Inc. (NYSE: RES) stock declined by -4.6% on 10/24/24. The shares closed at $6.00. Moreover, this decline was accompanied by exceptionally high trading volume at 200% of normal. The stock has been weak relative to the market over the last nine months and has declined -13.5% during the last week.
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). 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 75 but a poor Power Rating of 29, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment