Cwm LLC Has $75,000 Position in RPC, Inc. (NYSE:RES)

Cwm LLC boosted its position in RPC, Inc. (NYSE:RES) by 130.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,758 shares of the oil and gas company’s stock after purchasing an additional 6,646 shares during the period. Cwm LLC’s holdings in RPC were worth $75,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RES. Register Financial Advisors LLC acquired a new stake in shares of RPC in the first quarter valued at about $39,000. Innealta Capital LLC acquired a new stake in shares of RPC in the second quarter valued at about $44,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of RPC by 38.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,821 shares of the oil and gas company’s stock valued at $93,000 after buying an additional 4,136 shares during the period. nVerses Capital LLC increased its stake in shares of RPC by 352.9% in the second quarter. nVerses Capital LLC now owns 15,400 shares of the oil and gas company’s stock valued at $96,000 after buying an additional 12,000 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of RPC in the first quarter valued at about $110,000. Institutional investors and hedge funds own 41.06% of the company’s stock.

RPC Price Performance

NYSE RES opened at $5.97 on Friday. The business has a 50 day simple moving average of $6.41 and a 200 day simple moving average of $6.58. RPC, Inc. has a one year low of $5.66 and a one year high of $8.60. The stock has a market capitalization of $1.28 billion, a P/E ratio of 8.53 and a beta of 1.55.

RPC (NYSE:RES) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05). The firm had revenue of $337.70 million during the quarter, compared to the consensus estimate of $365.33 million. RPC had a return on equity of 11.52% and a net margin of 8.08%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 EPS. Equities analysts expect that RPC, Inc. will post 0.55 earnings per share for the current year.

RPC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 11th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.68%. RPC’s dividend payout ratio is presently 22.86%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Citigroup decreased their price target on RPC from $6.75 to $5.25 and set a “sell” rating for the company in a research note on Wednesday, July 10th. Stifel Nicolaus decreased their target price on RPC from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Finally, Susquehanna decreased their target price on RPC from $6.50 to $6.00 and set a “neutral” rating for the company in a research note on Friday.

RPC Profile

RPC, Inc, through its subsidiaries, engages provision of a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells.