Jefferies Group announced RPC, Inc. (NYSE:RES), boosting its stock price target to $22.00 today
- Updated: November 28, 2016
In a statement issued on 11/28/2016 Jefferies Group raised the target price of RPC, Inc. (NYSE:RES) to $22.00 indicating a potential upside of 0.20%.
On Thursday March 03, 2016, Raymond James released a statement for RPC, Inc. (NYSE:RES) bumped up the target price from $0.00 to $17.00 that suggested an upside of 0.20%.
Boasting a price of $18.28, RPC, Inc. (NYSE:RES) traded 0.03% higher on the day. With the last stock price close up 15.52% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. RPC, Inc. has recorded a 50-day average of $17.83 and a two hundred day average of $15.83. Volume of trade was down over the average, with 730,414 shares of RES changing hands under the typical 1,670,120
With a total market value of $0, RPC, Inc. has with a 52 week low of $9.73 and a 52 week high of $19.17 .
In addition to Jefferies Group reporting its target price, a total of 20 brokers have issued a report on the stock. The consensus target price is $14.30 with 5 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 13 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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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