RPC (NYSE:RES – Get Free Report) issued its quarterly earnings results on Thursday. The oil and gas company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.05), Briefing.com reports. The business had revenue of $337.70 million for the quarter, compared to analysts’ expectations of $365.33 million. RPC had a return on equity of 11.52% and a net margin of 8.08%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS.
RPC Price Performance
Shares of RES stock traded down $0.03 on Friday, hitting $5.97. 2,001,165 shares of the stock traded hands, compared to its average volume of 1,727,197. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 8.59 and a beta of 1.55. RPC has a 52 week low of $5.66 and a 52 week high of $8.60. The firm has a 50 day simple moving average of $6.42 and a two-hundred day simple moving average of $6.60.
RPC Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 11th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.16 annualized dividend and a dividend yield of 2.68%. RPC’s payout ratio is 22.86%.
Wall Street Analyst Weigh In
About RPC
RPC, Inc, through its subsidiaries, engages provision of a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells.
Further Reading
- Five stocks we like better than RPC
- Financial Services Stocks Investing
- Texas Roadhouse Stock Steering for New Highs This Year
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Roth IRA Calculator: Calculate Your Potential Returns
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for RPC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPC and related companies with MarketBeat.com's FREE daily email newsletter.