Analysts take a look at RPC, Inc. (NYSE:RES) having this to say.

June 20, 2017 - By Marie Mckinney

 Analysts take a look at RPC, Inc. (NYSE:RES) having this to say.
Investors sentiment increased to 1.16 in 2016 Q4. Its up 0.03, from 1.13 in 2016Q3. It increased, as 16 investors sold RPC, Inc. shares while 70 reduced holdings. 44 funds opened positions while 56 raised stakes. 78.17 million shares or 0.49% more from 77.79 million shares in 2016Q3 were reported.
Laurion L P has invested 0% in RPC, Inc. (NYSE:RES). Marshall Wace Llp reported 507,506 shares. Corp invested in 98 shares. Sterling Mgmt Ltd Company owns 96,390 shares or 0.02% of their US portfolio. New York State Teachers Retirement System holds 0% or 5,200 shares in its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt Corporation reported 0.01% in RPC, Inc. (NYSE:RES). Gamco Invsts Et Al owns 4.23 million shares or 0.53% of their US portfolio. Stephens Inc Ar, a Arkansas-based fund reported 328 shares. Brenham Cap Limited Partnership holds 2.60M shares. 12,980 are held by Principal Finance Grp. Franklin Resource Incorporated stated it has 253,200 shares or 0% of all its holdings. 11,583 were reported by Legal General Grp Inc Public. Cap Guardian stated it has 0% of its portfolio in RPC, Inc. (NYSE:RES). Ghp Advsr holds 0.11% of its portfolio in RPC, Inc. (NYSE:RES) for 30,036 shares. Hanson Mcclain stated it has 0% in RPC, Inc. (NYSE:RES).

RPC, Inc. (NYSE:RES) Ratings Coverage

Among 18 analysts covering RPC (NYSE:RES), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. RPC had 45 analyst reports since August 14, 2015 according to SRatingsIntel. Jefferies initiated the shares of RES in report on Monday, November 28 with “Buy” rating. The firm has “Reduce” rating given on Tuesday, April 19 by Seaport Global. The stock of RPC, Inc. (NYSE:RES) has “Neutral” rating given on Monday, August 24 by SunTrust. The stock of RPC, Inc. (NYSE:RES) earned “Outperform” rating by FBR Capital on Monday, January 9. FBR Capital maintained RPC, Inc. (NYSE:RES) rating on Monday, March 7. FBR Capital has “Outperform” rating and $17 target. The stock of RPC, Inc. (NYSE:RES) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, April 19. The stock has “Buy” rating by Suntrust Robinson on Wednesday, January 18. The rating was maintained by Citigroup on Friday, August 14 with “Neutral”. SunTrust initiated the shares of RES in report on Wednesday, January 18 with “Buy” rating. The firm has “Outperform” rating by Wells Fargo given on Monday, January 11. Below is a list of RPC, Inc. (NYSE:RES) latest ratings and price target changes.

13/04/2017 Broker: BMO Capital Markets Rating: Outperform New Target: $24.00 Initiates Coverage On
07/04/2017 Broker: Jefferies Rating: Buy New Target: $26.00 Maintain
24/03/2017 Broker: Tudor Pickering Rating: Buy Initiate
22/02/2017 Broker: Susquehanna Rating: Neutral New Target: $23 Initiate
26/01/2017 Broker: Credit Suisse Old Rating: Neutral New Rating: Outperform Upgrade
26/01/2017 Broker: Guggenheim Old Rating: Neutral New Rating: Buy Upgrade
19/01/2017 Broker: Cowen & Co Old Rating: Outperform New Rating: Market Perform New Target: $20 Downgrade
18/01/2017 Broker: Suntrust Robinson Rating: Buy Initiate
18/01/2017 Broker: SunTrust Rating: Buy Initiate
17/01/2017 Broker: Nomura Old Rating: Neutral New Rating: Buy Upgrade

It closed at $21.02 lastly. It is down 47.61% since June 20, 2016 and is uptrending. It has outperformed by 30.91% the S&P500.

RPC, Inc. is a holding company for several oilfield services companies. The company has market cap of $4.58 billion. The Firm provides a range of specialized oilfield services and equipment primarily to independent gas and oil companies engaged in the exploration, production and development of gas and oil properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets. It currently has negative earnings. The Company’s divisions are Technical Services and Support Services.

Another recent and important RPC, Inc. (NYSE:RES) news was published by which published an article titled: “Oil & Gas Stocks Under Scanner — Baker Hughes, RPC Inc., TETRA Technologies …” on May 22, 2017.

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