RPC Inc
About: RPC Inc is an oilfield services company. It provides specialized oilfield services and equipment to independent and oil and gas companies engaged in the exploration, production, and development of oil and gas properties throughout the United States. The company's operating segment includes Technical Services and Support Services. It generates maximum revenue from the Technical Services segment. Technical Services segment consists of pressure pumping, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing. Support Services segment consists of drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training and consulting services.
Employees: 2,691
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
8% more capital invested
Capital invested by funds: $580M [Q2] → $629M (+$48.8M) [Q3]
2.66% more ownership
Funds ownership: 43.32% [Q2] → 45.98% (+2.66%) [Q3]
3% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 32
0% more funds holding
Funds holding: 214 [Q2] → 215 (+1) [Q3]
4% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 78
98% less call options, than puts
Call options by funds: $27K | Put options by funds: $1.74M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$6
7%
upside
Avg. target
$6.50
15%
upside
High target
$7
24%
upside
2 analyst ratings
0 positive
0%
2 neutral
100%
0 negative
0%
Susquehanna Charles Minervino 29% 1-year accuracy 19 / 66 met price target | 7%upside $6 | Neutral Maintained | 25 Oct 2024 |
Stifel Stephen Gengaro 50% 1-year accuracy 41 / 82 met price target | 24%upside $7 | Hold Maintained | 11 Oct 2024 |
Financial journalist opinion
Positive
Seeking Alpha
1 month ago
RPC: The Ugly Duckling Of The Stock Market Is Undervalued And Very Profitable
RPC's net operating profit after tax, NOPAT, at $149 million, is greater than the reported income of $114 million for the trailing 12 months. RPC's return on invested capital, ROIC, has grown from 2.4% to nearly 12%. RPC has generated $346.6 million in FCF since 2020, while paying out $77.6 million in dividends and buying back nearly $42 million of its own stock.
Negative
Zacks Investment Research
1 month ago
RPC Q3 Earnings & Revenues Miss on Lower Pressure Pumping Activity
RES' Q3 earnings get affected by lower operating profits across segments and rising costs, highlighting persistent challenges within the oilfield services market.
Neutral
Seeking Alpha
1 month ago
RPC, Inc. (RES) Q3 2024 Earnings Call Transcript
RPC, Inc. (NYSE:RES ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Michael Schmit - VP, CFO, Treasurer & Corporate Secretary Ben Palmer - Director, President & CEO Conference Call Participants Donald Crist - Johnson Rice John Daniel - Daniel Energy Partners Stephen Gengaro - Stifel Operator Good morning, and thank you for joining us for RPC, Inc.'s Third Quarter 2024 Conference Call. Today's call will be hosted by Ben Palmer, President and CEO; and Mike Schmit, Chief Financial Officer.
Negative
Zacks Investment Research
1 month ago
RPC (RES) Lags Q3 Earnings and Revenue Estimates
RPC (RES) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.08 per share a year ago.
Neutral
PRNewsWire
1 month ago
RPC, Inc. Reports Third Quarter 2024 Financial Results And Declares Regular Quarterly Cash Dividend
ATLANTA , Oct. 24, 2024 /PRNewswire/ -- RPC, Inc. (NYSE: RES) ("RPC" or the "Company"), a leading diversified oilfield services company, announced its unaudited results for the third quarter ended September 30, 2024. * Non-GAAP and adjusted measures, including adjusted operating income, adjusted net income, adjusted earnings per share (diluted), EBITDA and adjusted EBITDA, adjusted EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release.
Negative
Benzinga
2 months ago
Top 2 Energy Stocks You May Want To Dump In Q4
As of Oct. 8, 2024, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Neutral
PRNewsWire
2 months ago
RPC, Inc. Announces Date for Third Quarter 2024 Financial Results and Conference Call
ATLANTA , Oct. 7, 2024 /PRNewswire/ -- RPC, Inc. (NYSE: RES) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Thursday, October 24, 2024 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, October 24, 2024 at 9:00 a.m.
Positive
Seeking Alpha
4 months ago
RPC Offers Margin Of Safety, And Well Supported Dividends
RPC, Inc. operates oilfield services and equipment companies in the US and internationally, focusing on value creation and growing profitability. The company's technical and support services cater to oil and gas companies, with pressure pumping and downhole tools being major revenue drivers. RPC has increased profitability, capital efficiency, and free cash flow generation, with its current operations valued significantly lower than its market capitalization, providing a margin of safety for investors.
Neutral
Zacks Investment Research
4 months ago
RPC (RES) Q2 Earnings Outpace Estimates, Revenues Lag
RPC (RES) Q2 earnings gain on higher activity within rental tools and lower cost of revenues. However, a soft environment for pressure pumping negatively impacts the top line.
Neutral
Seeking Alpha
4 months ago
RPC, Inc. (RPC) Q2 2024 Earnings Call Transcript
RPC, Inc. (NYSE:RES ) Q2 2024 Earnings Conference Call July 25, 2024 9:00 AM ET Company Participants Ben Palmer - Director, President and Chief Executive Officer Michael Schmit - Vice President, Chief Financial Officer, Treasurer and Corporate Secretary Conference Call Participants Stephen Gengaro - Stifel John Daniel - Daniel Energy Partners Charles Minervino - Susquehanna Operator Good morning, and thank you for joining us for RPC, Inc. Second Quarter 2024 Conference Call. Today's call will be hosted by Ben Palmer, President and CEO; and Mike Schmit, Chief Financial Officer.
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