Key Takeaways from RPC Inc. (RES)’s Recent Sales and Margin Figures

As of right now, RPC Inc. [RES] is trading at $8.87, up 1.26%. An important factor to consider is whether the stock is rising or falling in short-term value. The RES shares have gain 6.10% over the last week, with a monthly amount glided 8.17%, and seem to be holding up well over a long-time horizon.

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On 26, July 2023, RPC, Inc. Announces Regular Quarterly Cash Dividend. In a post published today on Yahoo Finance, RPC, Inc. (NYSE: RES) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.04 per share payable September 11, 2023 to common stockholders of record at the close of business on August 10, 2023.

From an analyst’s perspective:

RPC Inc. [NYSE: RES] stock has seen the most recent analyst activity on June 16, 2023, when Citigroup downgraded its rating to a Sell and also revised its price target to $7 from $8.25.

Through the last year, RPC Inc.’s stock price ranged from $6.24 to $11.40. Currently, Wall Street analysts expect the stock to reach $9.20 within the next 12 months. RPC Inc. [NYSE: RES] shares were valued at $8.87 at the most recent close of the market. An investor can expect a potential return of 3.72% based on the average RES price forecast.

Analyzing the RES fundamentals

For RPC Inc., (RES), the latest quarter sales were 415.86 billion, which represents an 10.80% increase. The company generates $586,296 in revenue per employee, while its income per employee is $78,758. Gross Margin for this corporation currently stands at +26.88% with Operating Margin at +17.61%, Pretax Margin comes in at +18.08%, and Net Margin reading is +13.43%. To continue investigating profitability, this company’s Return on Assets is posted at 20.94, Equity is 28.70, Total Capital is 35.79, and Invested Capital is 27.97. An extended look at the Principal structure reveals enduring liabilities to the total capital of 3.41 and enduring liabilities to assets of 2.62.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.76 points at the first support level, and at 8.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.97, and for the 2nd resistance point, it is at 9.07.

RPC Inc. [RES] reported earnings per share of $0.3 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.36/share, meaning a difference of -$0.06 and a surprise factor of -16.70%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.33 per share as compared to estimates of $0.37 per share, a difference of -$0.04 representing a surprise of -10.80%.

Ratios To Look Out For

It is important to note that RPC Inc. [NYSE:RES] has a current ratio of 5.50. On the other hand, the Quick Ratio is 3.39, and the Cash Ratio is 0.71. Considering the valuation of this stock, the price to sales ratio is 1.18, the price to book ratio is 2.25 and the P/E (TTM) ratio is 6.53.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 0 insider purchases totaling 0 shares and 3 insider sales totaling 172,663 shares over the past 3 months. Recent insider trading involved Kreisler Amy Rollins, Director, that happened on Nov 11 when 53751.0 shares were sold. Director, Rollins Pam R completed a deal on Nov 11 to sell 53751.0 shares. Meanwhile, Director Rollins Timothy Curtis sold 53751.0 shares on Nov 11.