RPC Inc. [RES] Stock trading around $6.51 per share: What’s Next?

RPC Inc. [NYSE: RES] traded at a low on 03/09/21, posting a -9.08 loss after which it closed the day’ session at $6.51. The company report on January 27, 2021 that RPC, Inc. to Host Earnings Call.

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RPC, Inc. (NYSE:RES) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on January 27, 2021 at 9:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/72269.

The results of the trading session contributed to over 1605861 shares changing hands. Over the past one week, the price volatility of RPC Inc. stands at 9.35% while the volatility over the past one month is 7.73%.

The market cap for RES stock reached $1.28 billion, with 204.70 million shares outstanding and 73.72 million shares in the current float. Compared to the average trading volume of 1.04M shares, RES reached a trading volume of 1605861 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about RPC Inc. [RES]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RES shares is $3.94 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RES stock is a recommendation set at 3.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for RPC Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on November 10, 2020. The new note on the price target was released on April 13, 2020, representing the official price target for RPC Inc. stock. Previously, the target price had yet another raise to $2.50, while Morgan Stanley analysts kept a Equal-Weight rating on RES stock.

The Average True Range (ATR) for RPC Inc. is set at 0.47, with the Price to Sales ratio for RES stock in the period of the last 12 months amounting to 2.14. The Price to Book ratio for the last quarter was 2.11, with the Price to Cash per share for the same quarter was set at 0.43. Price to Free Cash Flow for RES in the course of the last twelve months was 99.36 with Quick ratio for the last quarter at 4.30.

How has RES stock performed recently?

RPC Inc. [RES] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.90. With this latest performance, RES shares gained by 27.15% in over the last four-week period, additionally plugging by 93.75% over the last 6 months – not to mention a rise of 195.91% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RES stock in for the last two-week period is set at 62.11, with the RSI for the last a single of trading hit 59.04, and the three-weeks RSI is set at 63.22 for RPC Inc. [RES]. The present Moving Average for the last 50 days of trading for this stock 4.72, while it was recorded at 6.78 for the last single week of trading, and 3.52 for the last 200 days.

RPC Inc. [RES]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and RPC Inc. [RES] shares currently have an operating margin of -17.77 and a Gross Margin at +2.90. RPC Inc.’s Net Margin is presently recorded at -35.47.

Return on Total Capital for RES is now -13.89, given the latest momentum, and Return on Invested Capital for the company is -28.08. Return on Equity for this stock declined to -29.03, with Return on Assets sitting at -22.00. When it comes to the capital structure of this company, RPC Inc. [RES] has a Total Debt to Total Equity ratio set at 4.79. Additionally, RES Total Debt to Total Capital is recorded at 4.58, with Total Debt to Total Assets ending up at 3.70. Long-Term Debt to Equity for the company is recorded at 3.34, with the Long-Term Debt to Total Capital now at 3.19.

Reflecting on the efficiency of the workforce at the company, RPC Inc. [RES] managed to generate an average of -$105,831 per employee. Receivables Turnover for the company is 2.34 with a Total Asset Turnover recorded at a value of 0.62.RPC Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.30 and a Current Ratio set at 5.40.

Earnings analysis for RPC Inc. [RES]

With the latest financial reports released by the company, RPC Inc. posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 42.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RES.

Insider trade positions for RPC Inc. [RES]

There are presently around $344 million, or 25.20% of RES stock, in the hands of institutional investors. The top three institutional holders of RES stocks are: BLACKROCK INC. with ownership of 9,359,366, which is approximately 3.483% of the company’s market cap and around 54.40% of the total institutional ownership; VANGUARD GROUP INC, holding 6,394,662 shares of the stock with an approximate value of $41.63 million in RES stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $27.64 million in RES stock with ownership of nearly 0.546% of the company’s market capitalization.

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Positions in RPC Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 58 institutional holders increased their position in RPC Inc. [NYSE:RES] by around 4,705,594 shares. Additionally, 73 investors decreased positions by around 7,361,428 shares, while 32 investors held positions by with 40,739,343 shares. The mentioned changes placed institutional holdings at 52,806,365 shares, according to the latest SEC report filing. RES stock had 21 new institutional investments in for a total of 1,631,004 shares, while 15 institutional investors sold positions of 1,677,660 shares during the same period.

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