Jefferies & Co announced RPC Inc (NYSE:RES), boosting its stock price target to $22.00 today
- Updated: November 28, 2016
Just yesterday RPC Inc (NYSE:RES) traded 0.03% higher at $18.31. RPC Inc’s 50-day moving average is $17.83 and its 200-day moving average is $15.83. The last stock price is up 15.52% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 730,414 shares of RES traded hands, down from an average trading volume of 1,670,120
In a report released on 11/28/2016 Jefferies & Co increased the stock price target of RPC Inc (NYSE:RES) to $22.00 reporting a possible upside of 0.20%.
Previously on 3/03/2016, Raymond James released a statement about RPC Inc (NYSE:RES) increased the target price from $0.00 to $17.00. At the time, this indicated a possible upside of 0.20%.
Recent Performance Chart
RPC Inc has 52 week low of $9.73 and a 52 week high of $19.17 and has a total market value of $0.
A total of 20 equity analysts have released a research note on RES. Five equity analysts rating the company a strong buy, five equity analysts rating the company a buy, thirteen equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year 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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