RPC, Inc [RES] stock is trading at $5.97, up 2.23%. An important factor to consider is whether the stock is rising or falling in short-term value. The RES shares have gain 1.19% over the last week, with a monthly amount drifted -5.09%, and not seem to be holding up well over a long-time horizon.
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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. Previously, Johnson Rice upgraded its rating to Accumulate on April 28, 2022, and kept the price target unchanged to $13. On September 13, 2021, upgrade upgraded it’s rating to Neutral. Morgan Stanley downgraded its rating to a Underweight but stick to its price target of $2.50 on November 10, 2020. Scotiabank upgraded its rating to a Sector Perform but $3 remained the price target by the analyst firm on April 13, 2020. Morgan Stanley downgraded its rating to Equal-Weight for this stock on March 16, 2020, but kept the price target unchanged to $2.50. In a note dated January 06, 2020, Raymond James upgraded an Outperform rating on this stock but restated the target price of $7.
RPC, Inc [RES] stock has fluctuated between $5.63 and $8.19 over the past year. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. RPC, Inc [NYSE: RES] shares were valued at $5.97 at the most recent close of the market. An investor can expect a potential return of 67.5% based on the average RES price forecast.
Analyzing the RES fundamentals
RPC, Inc [NYSE:RES] reported sales of 1.47B for the trailing twelve months, which represents a growth of 2.19%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.11 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 5.87 points at the first support level, and at 5.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.03, and for the 2nd resistance point, it is at 6.09.
Ratios To Look Out For
For context, RPC, Inc’s Current Ratio is 5.04. On the other hand, the Quick Ratio is 4.19, and the Cash Ratio is 2.06. Considering the valuation of this stock, the price to sales ratio is 0.87, the price to book ratio is 1.20 and price to earnings (TTM) ratio is 10.86.
