BMO Capital Thinks RPC Inc’s Stock is Going to Recover

By Carrie Williams

BMO Capital analyst Daniel Boyd reiterated a Buy rating on RPC Inc (NYSE: RES) yesterday and set a price target of $19. The company’s shares closed yesterday at $14.96, close to its 52-week low of $13.55.

According to TipRanks.com, Boyd is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.8% and a 36.6% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as Oil States International, Schlumberger Limited, and Helmerich & Payne.

Currently, the analyst consensus on RPC Inc is a Hold with an average price target of $20.14.

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RPC Inc’s market cap is currently $3.22B and has a P/E ratio of 15.53. The company has a Price to Book ratio of 3.53.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock.

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RPC, Inc. is an oil and gas services company, which engages in the exploration, production, and development of oil and gas properties. It operates through the Technical Services and Support Services segments.