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RPC (NYSE:RES) target price raised to $22.00, reported today by Jefferies

Just yesterday RPC (NYSE:RES) traded 0.03% higher at $18.28. The company’s 50-day moving average is $17.83 and its 200-day moving average is $15.83. The last closing price is up 15.52% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. Trade Volume was down over the average, with 730,414 shares of RES changing hands under the typical 1,670,120

In a report released on 11/28/2016 Jefferies increased the price target of RPC (NYSE:RES) to $22.00 stating a potential upside of 0.20%.

On 3/3/2016, Raymond James released a statement for RPC (NYSE:RES) bumped up the target price from $0.00 to $17.00 that suggested an upside of 0.20%.

See Chart Below

RPC (NYSE:RES)

RPC has a 52 week low of $9.73 and a one year high of $19.17 RES’s total market value is presently $0.

A total of 20 firms have reported on the stock. 5 brokerages rating the stock a strong buy, 5 brokerages rating the stock a buy, thirteen analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $14.30.

Brief Synopsis About 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 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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