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RPC, Inc. (NYSE:RES) has been downgraded to Neutral in a report by Seaport Global Securities today.

Seaport Global Securities has downgraded RPC, Inc. (NYSE:RES) to Neutral in a report released on 06/21/2017.

Previously on Monday June 12, 2017, Jefferies & Co reported on RPC, Inc. (NYSE:RES) increased the target price from $0.00 to $26.00. At the time, this indicated a possible upside of 0.26%.

Yesterday RPC, Inc. (NYSE:RES) traded 1.93% higher at $20.21. The company’s 50-day moving average is $20.06 and its 200-day moving average is $19.40. The last closing price is up 16.96% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 3,547,880 shares of the stock traded hands, up from an average trading volume of 1,651,230

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RPC, Inc. (NYSE:RES)

RPC, Inc. has a 52 week low of $14.68 and a 52 week high of $23.36 The company’s market cap is currently $0.

In addition to Seaport Global Securities reporting its target price, a total of 20 firms have issued a report on the stock. The consensus target price is $14.30 with five brokerages rating the company a strong buy, five brokerages rating the company a buy, thirteen brokerages rating the company a hold, zero brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.

General Company Details For 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 primarily to independent oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets. The Company's segments are Technical Services and Support Services. The Technical Services segment consists primarily of pressure pumping, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline and fishing. Its Support Services include all of the services that provide equipment for customers' use on the well site without RPC personnel and services that are provided in support of customer operations off the well site, such as classroom and computer training, and other consulting services.

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