RPC Inc. [NYSE: RES] traded at a high on 01/25/23, posting a 11.76 gain after which it closed the day’ session at $9.60. The company report on January 25, 2023 that RPC, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results.
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Net income of $87.0 million compared to $69.3 million in the third quarter of 2022.
Diluted earnings per share of $0.40 compared to $0.32 in the third quarter of 2022.
The results of the trading session contributed to over 3524252 shares changing hands. Over the past one week, the price volatility of RPC Inc. stands at 5.87% while the volatility over the past one month is 5.36%.
The market cap for RES stock reached $2.08 billion, with 213.36 million shares outstanding and 77.78 million shares in the current float. Compared to the average trading volume of 1.28M shares, RES reached a trading volume of 3524252 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 $11.00 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 2.80. 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.
Johnson Rice have made an estimate for RPC Inc. shares, keeping their opinion on the stock as Accumulate, with their previous recommendation back on April 28, 2022. The new note on the price target was released on September 13, 2021, 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 Underweight rating on RES stock.
The Average True Range (ATR) for RPC Inc. is set at 0.53, with the Price to Sales ratio for RES stock in the period of the last 12 months amounting to 1.50. The Price to Book ratio for the last quarter was 2.65, with the Price to Cash per share for the same quarter was set at 0.17.
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 8.60. With this latest performance, RES shares gained by 13.48% in over the last four-week period, additionally plugging by 45.90% over the last 6 months – not to mention a rise of 71.43% 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 58.34, with the RSI for the last a single of trading hit 62.20, and the three-weeks RSI is set at 56.09 for RPC Inc. [RES]. The present Moving Average for the last 50 days of trading for this stock 9.01, while it was recorded at 8.80 for the last single week of trading, and 8.58 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 +0.63 and a Gross Margin at +14.91. RPC Inc.’s Net Margin is presently recorded at +0.82.
Return on Equity for this stock inclined to 1.12, with Return on Assets sitting at 0.83.
RPC Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 3.30.
Insider trade positions for RPC Inc. [RES]
There are presently around $674 million, or 32.80% of RES stock, in the hands of institutional investors. The top three institutional holders of RES stocks are: BLACKROCK INC. with ownership of 12,745,769, which is approximately 8.64% of the company’s market cap and around 41.10% of the total institutional ownership; VANGUARD GROUP INC, holding 9,644,518 shares of the stock with an approximate value of $92.59 million in RES stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $52.48 million in RES stock with ownership of nearly 2.383% of the company’s market capitalization.
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 110 institutional holders increased their position in RPC Inc. [NYSE:RES] by around 7,489,335 shares. Additionally, 79 investors decreased positions by around 6,422,258 shares, while 32 investors held positions by with 56,265,816 shares. The mentioned changes placed institutional holdings at 70,177,409 shares, according to the latest SEC report filing. RES stock had 30 new institutional investments in for a total of 1,369,470 shares, while 18 institutional investors sold positions of 940,955 shares during the same period.