RPC, Inc. (NYSE:RES) Stock Holdings Trimmed by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its position in shares of RPC, Inc. (NYSE:RES) by 31.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 164,777 shares of the oil and gas company’s stock after selling 74,302 shares during the quarter. GSA Capital Partners LLP’s holdings in RPC were worth $1,048,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Entropy Technologies LP increased its holdings in shares of RPC by 144.5% in the 3rd quarter. Entropy Technologies LP now owns 28,256 shares of the oil and gas company’s stock valued at $180,000 after acquiring an additional 16,700 shares during the last quarter. Versor Investments LP acquired a new position in shares of RPC in the 3rd quarter valued at about $159,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of RPC during the 3rd quarter valued at about $100,000. International Assets Investment Management LLC raised its stake in RPC by 540.4% during the third quarter. International Assets Investment Management LLC now owns 4,560 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 3,848 shares during the period. Finally, Creative Planning lifted its holdings in RPC by 6.9% in the third quarter. Creative Planning now owns 258,055 shares of the oil and gas company’s stock worth $1,641,000 after acquiring an additional 16,584 shares during the last quarter. Institutional investors own 41.06% of the company’s stock.

RPC Trading Down 3.0 %

NYSE RES opened at $5.73 on Friday. The company has a 50-day moving average price of $6.30 and a two-hundred day moving average price of $6.40. RPC, Inc. has a 52 week low of $5.63 and a 52 week high of $8.19. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 10.23 and a beta of 1.58.

RPC (NYSE:RES) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The company had revenue of $337.70 million for the quarter, compared to the consensus estimate of $365.33 million. RPC had a net margin of 8.07% and a return on equity of 11.36%. RPC’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 earnings per share. As a group, equities research analysts expect that RPC, Inc. will post 0.43 earnings per share for the current fiscal year.

RPC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, November 8th. RPC’s dividend payout ratio is presently 28.57%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RES shares. Susquehanna lowered their target price on RPC from $6.50 to $6.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Stifel Nicolaus lowered their price objective on RPC from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Friday, October 11th.

RPC Company 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.