RPC Inc Receives a Hold from Cowen & Co.

By Austin Angelo

In a report released today, Marc Bianchi from Cowen & Co. reiterated a Hold rating on RPC Inc (NYSE: RES), with a price target of $19. The company’s shares opened today at $18.47.

According to TipRanks.com, Bianchi is ranked 0 out of 5 stars with an average return of -7.1% and a 37.9% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oceaneering International.

Currently, the analyst consensus on RPC Inc is Hold and the average price target is $22.15, representing a 19.9% upside.

In a report issued on April 4, Jefferies also reiterated a Hold rating on the stock with a $19 price target.

The company has a one-year high of $27.07 and a one-year low of $16.70. Currently, RPC Inc has an average volume of 1.88M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.