January 24, 2018

Cowen Analysts Give RPC (RES) a $28.00 Price Target

13 January 2018, 05:32 | Hattie Nash

The institutional investor held 250,000 shares of the energy company at the end of 2017Q3, valued at $6.20M, down from 500,000 at the end of the previous reported quarter. RPC has $29 highest and $8 lowest target. (NYSE:RES). Ahl Prns Ltd Liability Partnership holds 0.01% or 16,269 shares. About 2.31 million shares traded or 97.31% up from the average. RPC had a net margin of 6.03% and a return on equity of 10.31%. It has outperformed by 30.91% the S&P500. (NYSE:RES). Hsbc Public Ltd Company invested 0% of its portfolio in RPC, Inc.

Invesco Ltd increased Tesla Inc (TSLA) stake by 1.97% reported in 2017Q3 SEC filing. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at $116,050. Winslow Evans Crocker Inc invested in 0.01% or 50 shares. The stock increased 0.07% or $0.07 during the last trading session, reaching $101.07. About 4.77 million shares traded.

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Investors sentiment decreased to 0.94 in Q3 2017. This represents a $0.28 annualized dividend and a dividend yield of 1.07%. It is negative, as 29 investors sold RES shares while 69 reduced holdings. Cipher Cap Limited Partnership holds 19,900 shares. Westpac Bk holds 0.16% of its portfolio in Tesla, Inc. 510.97 million shares or 5.68% more from 483.48 million shares in 2017Q2 were reported. Moreover, Utah Retirement Systems has 0.01% invested in RPC, Inc. Horizon Kinetics Limited Liability Co stated it has 0.01% of its portfolio in RPC, Inc. (NYSE:RES) for 898,310 shares. Vantage Inv Advsr Limited Liability has 1,995 shares for 0.17% of their portfolio. Sei Invests Company invested in 0.02% or 178,616 shares. Pictet Asset Mngmt, a United Kingdom-based fund reported 197,998 shares.

"TRADEMARK VIOLATION WARNING: "$0.33 EPS Expected for RPC, Inc. Toronto Dominion National Bank reported 0.01% of its portfolio in Coty Inc. With 800,600 avg volume, 30 days are for Rpc Incorporated (NYSE:RES)'s short sellers to cover RES's short positions. Jefferies Group downgraded shares of RPC from a "buy" rating to a "hold" rating and set a $26.00 price target for the a report on Thursday, October 5th. Therefore 29% are positive. The firm has "Buy" rating given on Thursday, January 7 by Investec. The stock of RPC, Inc. (NYSE:RES) earned "Equal-Weight" rating by Morgan Stanley on Thursday, March 17. The stock has "Buy" rating by Guggenheim on Tuesday, December 22. Over the past twelve months, RPC, Inc. As per Thursday, February 11, the company rating was maintained by Credit Suisse. FBR Capital maintained RPC, Inc. (NASDAQ:TSLA) on Tuesday, October 3 with "Buy" rating. On Wednesday, January 18 the stock rating was initiated by Suntrust Robinson with "Buy". Citigroup maintained the shares of RES in report on Friday, March 18 with "Neutral" rating. (NYSE:RES) earned "Hold" rating by Piper Jaffray on Sunday, September 17. Tudor Pickering initiated RPC, Inc. The company is scheduled to issue its next earnings results before the market opens on Wednesday, January 24th.

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According to Zacks, analysts expect that RPC will report full year earnings of $0.81 per share for the current year, with EPS estimates ranging from $0.76 to $0.85. RES's profit will be $71.47M for 19.14 P/E if the $0.33 EPS becomes a reality. (NYSE:COTY) for 171,768 shares.

Since August 24, 2017, it had 1 buying transaction, and 0 sales for $42.38 million activity. 3,000 shares were sold by HRABOWSKI FREEMAN A III, worth $296,050. It also increased its holding in L3 Technologies by 9,526 shares in the quarter, for a total of 35,202 shares, and has risen its stake in Altria Group Inc.

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Investors sentiment increased to 1.3 in Q3 2017. Its up 0.77, from 0.86 in 2017Q2. Kings Point Management accumulated 595 shares. Hl Financial Ser Limited Liability Corporation has 0% invested in McCormick & Company, Incorporated (NYSE:MKC) for 2,069 shares. Teton holds 87,500 shares or 0.2% of its portfolio. 785,000 are held by Parnassus Invests Ca. 12,244 were reported by Northwestern Mutual Wealth Com. Thrivent Financial For Lutherans invested in 0.04% or 407,200 shares. Invesco Ltd acquired 26,325 shares as Tesla Inc (TSLA)'s stock rose 14.18%. The firm has "Hold" rating given on Thursday, January 4 by Jefferies. During the same period in the previous year, the company posted ($0.18) EPS. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Therefore 33% are positive. RPC had 72 analyst reports since August 14, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 23 by Bank of America. The company presently has an average rating of "Hold" and an average price target of $25.38. Stifel Nicolaus maintained it with "Buy" rating and $2500 target in Friday, June 23 report. Raymond James Financial lowered shares of RPC from a strong-buy rating to an outperform rating in a research report on Thursday, October 26th. Goldman Sachs Group Inc reported 9.24 million shares. Finally, Cowen set a $28.00 target price on shares of RPC and gave the stock a "hold" rating in a research note on Thursday. Corporate insiders own 73.50% of the company's stock. Bernstein downgraded the stock to "Mkt Perform" rating in Friday, September 16 report.

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