Seaport Global Securities recorded RPC (NYSE:RES), boosting its price target to $17.00 earlier today
- Updated: October 3, 2016
Reporting a potential upside of 0.00%, Seaport Global Securities bumped up the target price of RPC (NYSE:RES) to $17.00
Previously on 4/28/2016, Cowen released a statement about RPC (NYSE:RES) raised the target price from $14.00 to $17.00. At the time, this indicated a possible upside of 0.12%.
Only yesterday RPC (NYSE:RES) traded 0.35% higher at $16.96. The company’s 50-day moving average is $15.55 and its 200-day moving average is $14.86. With the last stock price close up 14.52% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 57,287 shares of RES traded, down from an average trading volume of 1,629,780
RPC has 52 week low of $9.73 and a 52 week high of $17.17 and has a total market value of $0.
A total of 20 brokers have issued a ratings update on the company. 5 analysts rating the company a strong buy, five equity analysts rating the company a buy, thirteen brokerages rating the company a hold, zero brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $14.30.
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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