P10 (NYSE:RPC) Sets New 1-Year Low on Analyst Downgrade

P10, Inc. (NYSE:RPC) reached a new 52-week low on Friday after Barclays lowered their price target on the stock from $13.00 to $11.00. Barclays currently has an overweight rating on the stock. P10 traded as low as $8.15 and last traded at $8.53, with a volume of 71258 shares. The stock had previously closed at $8.50.

Separately, Zacks Research raised P10 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $11.00.

P10 Stock Up 2.4%

The stock has a market capitalization of $957.13 million, a P/E ratio of -3.01 and a beta of 0.80.

P10 (NYSE:RPC) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $81.05 million for the quarter, compared to analyst estimates of $79.97 million.

About P10

P10 (NYSE: RPC) is an oilfield services company that provides specialized equipment and field services to upstream oil and gas operators. The company focuses on supplying non?exclusive, rental and production support products and technical services that help customers complete, produce and maintain wells. Its offerings are designed to support a range of onshore operations, with emphasis on scalable, modular solutions that can be deployed across multiple basins.

Products and services typically include surface and downhole rental tools, completion and production accessories, well intervention and maintenance services, and related operational support.