RPC Inc. (NYSE:RES) added 13.13% and closed its last session at $20.08. The stock has the market capitalization of $4.37 Billion with the total outstanding shares of 217.52 Million. RPC Inc.. has Analysts’ Mean Recommendation of 1.62 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 0.
RPC Inc. (NYSE:RES) touched its 52-Week High of $20.46 on Nov 30, 2016 while it’s 52-Week Low of $9.73 on Jan 20, 2016. The company currently has Return on Assets of -13.9 percent, Return on Equity of -17.6% and Return on Investment of -10.8 percent. The stock currently showing Weekly Volatility of 3.99%% and Monthly Volatility of 3.12% Percent with Average True Range of 0.69 and Beta of 0.89.
The 18 analysts offering 12-month price forecasts for RPC Inc have a median target of 17.50, with a high estimate of 23.00 and a low estimate of 13.00. The median estimate represents a -12.85% decrease from the last price of 20.08.
The Company on 26 October declared its unaudited results for the third quarter ended September 30, 2016. RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States and in selected international markets.
For the quarter ended September 30, 2016, revenues decreased 39.8 percent to $175.9 million compared to $291.9 million in the third quarter of last year. Revenues decreased compared to the prior year due to lower industry activity levels, equipment utilization and pricing for our services, partially offset by higher service intensity. Operating loss for the quarter was $56.4 million compared to an operating loss of $52.9 million in the prior year. Net loss for the quarter was $38.9 million or $0.18 loss per share, compared to net loss of $35.2 million or $0.16 loss per share last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) was a loss of $4.4 million compared to EBITDA of $15.4 million in the prior year. 1 For the nine months ended September 30, 2016, revenues decreased by 49.0 percent to $508.0 million compared to $995.8 million last year. Net loss for the nine-month period was $120.1 million, or $0.56 loss per share, compared to net loss of $61.7 million, or $0.29 loss per share last year.
Cost of revenues during the third quarter of 2016 was $146.6 million, or 83.4 percent of revenues, compared to $234.6 million, or 80.4 percent of revenues, during the third quarter of last year. Cost of revenues decreased due to lower activity levels, coupled with reduced personnel headcount and incentive compensation. As a percentage of revenues, cost of revenues increased due to inefficiencies resulting from lower activity levels and continued low pricing for our services.
RPC, Inc. provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties. It operates its business through two business segments- Technical Services and Support Services. Services and products offered by the Company include Cudd Pumping, Coiled Tubing, Snubbing, Nitrogen Units, Thru Tubing Solutions, Wireline, Fluid Pumps, Well Control, Production Rental Tools, Patterson Rental Tools, Patterson Tubular Services and Well Control School. The Company’s products and services can be found throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. RPC, Inc. is headquartered in Atlanta, Georgia.