RPC, Inc. (NYSE:RES) is expected to pay $0.05 on Dec 9, 2016. The indicated annual dividend is $0.20. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on RPC, Inc.’s current price of $16.71, the dividend is 0.30%. This dividend’s record date is Nov 10, 2016 and the announcement date is Oct 26, 2016. The stock decreased 0.30% or $0.05 on November 4, hitting $16.71. RPC, Inc. (NYSE:RES) has risen 21.35% since April 5, 2016 and is uptrending. It has outperformed by 19.39% the S&P500.
RPC, Inc. is a holding company for several oilfield services companies. The company has a market cap of $3.54 billion. The Firm provides a range of specialized oilfield services and equipment to gas and oil companies engaged in the exploration, production and development of gas and oil properties across 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. It operates through two divisions: Technical Services and Support Services.
Insitutional Activity: The institutional sentiment increased to 1.01 in Q2 2016. Its up 0.12, from 0.89 in 2016Q1. The ratio improved, as 27 funds sold all RPC, Inc. shares owned while 51 reduced positions. 19 funds bought stakes while 60 increased positions. They now own 75.44 million shares or 0.14% less from 75.55 million shares in 2016Q1.
Alphaone Investment Limited Liability Corp holds 1.1% of its portfolio in RPC, Inc. (NYSE:RES) for 191,690 shares. Morgan Dempsey Management Ltd Limited Liability Company owns 118,766 shares or 0.62% of their US portfolio. Franklin Resources accumulated 0% or 247,100 shares. Mackenzie Corp accumulated 0.01% or 68,060 shares. Wellington Mngmt Group Ltd Liability Partnership has 0% invested in the company for 24,553 shares. Dimensional Fund Advsrs Limited Partnership has 2.97M shares for 0.03% of their US portfolio. First Trust Advsr L P accumulated 2.25M shares or 0.11% of the stock. Ahl Prtnrs Ltd Liability Partnership has 52,131 shares for 0.04% of their US portfolio. Huntington Savings Bank holds 0% of its portfolio in RPC, Inc. (NYSE:RES) for 8,402 shares. Engy Opportunities Cap Mngmt Limited Liability Company has 2.28% invested in the company for 487,887 shares. Morgan Stanley accumulated 0% or 47,146 shares. Da Davidson Communication has 15,111 shares for 0.01% of their US portfolio. State Of Tennessee Treasury Department last reported 0.01% of its portfolio in the stock. Citadel Advisors Ltd Liability Corp accumulated 1.17 million shares or 0.02% of the stock. Mycio Wealth Partners Limited Liability Company last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 1 insider sale for $1.58 million net activity. The insider HUBBELL RICHARD A sold $1.58M.
RPC, Inc. (NYSE:RES) Ratings Coverage
Out of 13 analysts covering RPC (NYSE:RES), 5 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 38% are positive. RPC has been the topic of 32 analyst reports since August 14, 2015 according to StockzIntelligence Inc. FBR Capital maintained RPC, Inc. (NYSE:RES) rating on Thursday, October 27. FBR Capital has “Outperform” rating and $20 price target. The stock of RPC, Inc. (NYSE:RES) earned “Neutral” rating by Credit Suisse on Monday, December 21. Morgan Stanley upgraded RPC, Inc. (NYSE:RES) on Thursday, January 28 to “Overweight” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, April 19. The stock has “Outperform” rating given by Wells Fargo on Monday, January 11. Tudor Pickering upgraded RPC, Inc. (NYSE:RES) on Tuesday, January 12 to “Buy” rating. The stock has “Neutral” rating given by SunTrust on Monday, August 24. The rating was maintained by FBR Capital with “Outperform” on Monday, March 7. On Friday, August 14 the stock rating was maintained by Citigroup with “Neutral”. On Thursday, March 17 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”.
More recent RPC, Inc. (NYSE:RES) news were published by: Prnewswire.com which released: “RPC, Inc. Announces Year-End Cash Dividend” on October 26, 2016. Also Prnewswire.com published the news titled: “Amy Rollins Kreisler Appointed to the RPC, Inc. Board of Directors” on October 25, 2016. Prnewswire.com‘s news article titled: “RPC, Inc. Announces Date for Third Quarter 2016 Financial Results and …” with publication date: October 11, 2016 was also an interesting one.
RES Company Profile
RPC, Inc. (RPC), incorporated on January 20, 1984, is a holding firm for several oilfield services companies. The Firm provides a range of specialized oilfield services and equipment to independent and gas and oil companies engaged in the exploration, production and development of gas and oil properties across the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets. The Firm operates through two divisions: Technical Services and Support Services. RPC acts as a holding firm for its operating units, Cudd Energy Services, Patterson Rental and Fishing Tools, Bronco Oilfield Services, Thru Tubing Solutions, Well Control School and others.
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