FBR Capital Releases a Buy Rating on RPC IncBy Carrie Williams
According to TipRanks.com, Curran is a 1-star analyst with an average return of -0.9% and a 49.0% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Diamond Offshore Drilling, and Oceaneering International.
RPC Inc has an analyst consensus of Moderate Buy, with a price target consensus of $23.
Based on RPC Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $221 million and GAAP net loss of $21.25 million. In comparison, last year the company earned revenue of $268 million and had a GAAP net loss of $37.88 million.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is neutral on the stock. Most recently, in December 2016, Ben Palmer, the VP, CFO & Treas of RES sold 14,521 shares for a total of $294,818.
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RPC, Inc. is an oil and gas services company. It is engaged in the exploration, production and development of oil and gas properties. It operates through two segments: Technical Services and Support Services. The Technical Services segment provides oil and gas, fracturing, acidizing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline and fishing services. The Support Services segment provides oilfield pipe inspection services and rental tools for use with onshore and offshore oil and gas well drilling. The company’s operating business units include Cudd Energy Services, Patterson Rental and Fishing Tools, Bronco Oilfield Services, Thru Tubing Solutions, Well Control School, and Others. RPC was founded in 1984 and is headquartered in Atlanta, GA.