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RPC (NYSE:RES) has been downgraded from Equal-Weight to Underweight in a statement by Morgan Stanley earlier today.

Morgan Stanley has downgraded RPC (NYSE:RES) from Equal-Weight to Underweight in a report released on 11/14/2017.

Yesterday RPC (NYSE:RES) traded 0.38% higher at $24.31. RPC’s 50-day moving average is $22.90 and its 200-day moving average is $20.35. The last stock price is up 9.34% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. 455,150 shares of the stock traded hands, down from an average trading volume of 1,525,060

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RPC (NYSE:RES)

RPC has a 52 week low of $16.48 and a 52 week high of $25.00 The company’s market cap is currently $0.

In addition to Morgan Stanley reporting its stock price target, a total of 20 brokers have issued a report on the company. The average stock price target is $14.30 with 5 brokers rating the stock a strong buy, five analysts rating the company a buy, thirteen analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

General Company Details For RPC (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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