A statement released earlier today by Seaport Global about RPC Inc (NYSE:RES) bumps the target price to $17.00
- Updated: October 4, 2016
Boasting a price of $16.84, RPC Inc (NYSE:RES) traded 0.35% higher on the day. With the last stock price close up 14.52% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. RPC Inc has recorded a 50-day average of $15.55 and a two hundred day average of $14.86. Volume of trade was down over the average, with 57,287 shares of RES changing hands under the typical 1,629,780
Seaport Global bumped up the target of RPC Inc (NYSE:RES) to $17.00 stating a potential upside of 0.01%.
On 04/28/2016, Cowen released a statement for RPC Inc (NYSE:RES) bumped up the target price from $14.00 to $17.00 that suggested an upside of 0.12%.
With a total market value of $0, RPC Inc has with a one year low of $9.73 and a one year high of $17.17 .
A total of 20 equity analysts have released a ratings update on RES. 5 firms rating the stock a strong buy, 5 firms rating the stock a buy, 13 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $14.30.
More About RPC Inc (NYSE:RES)
RPC, Inc. (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment to oil and gas companies engaged in the exploration, production and development of oil and gas properties across the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets. It operates through two segments: Technical Services and Support Services. Its Technical Services include Pressure Pumping, Downhole Tools, Coiled Tubing, Snubbing, Nitrogen, Well Control, Wireline Services and Fishing. The Support Services segment comprises Oilfield Pipe Inspection Services, Pipe Management and Pipe Storage, Well Control School and Energy Personnel International. RPC acts as a holding company for its operating units, Cudd Energy Services, Patterson Rental and Fishing Tools, Bronco Oilfield Services, Thru Tubing Solutions, Well Control School and others.
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