RPC (NYSE:RES – Get Free Report) posted its quarterly earnings results on Thursday. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02, Briefing.com reports. The business had revenue of $364.20 million for the quarter, compared to analyst estimates of $381.18 million. RPC had a net margin of 8.08% and a return on equity of 11.52%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS.
RPC Trading Up 0.4 %
NYSE:RES traded up $0.03 on Friday, hitting $6.96. The company had a trading volume of 3,917,547 shares, compared to its average volume of 1,946,961. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 9.94 and a beta of 1.59. The firm has a 50 day moving average of $6.35 and a two-hundred day moving average of $6.96. RPC has a 52 week low of $5.66 and a 52 week high of $9.41.
RPC Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 2.30%. The ex-dividend date is Friday, August 9th. RPC’s payout ratio is 22.86%.
Analyst Ratings Changes
Check Out Our Latest Report on RPC
About RPC
RPC, Inc, through its subsidiaries, engages provision of a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells.
Recommended Stories
- Five stocks we like better than RPC
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Is Crypto Cool Again? What Stocks You Should Be Watching
- Using the MarketBeat Stock Split Calculator
- Why Call Options Volume for These 2 Stocks Spiked Together
- What Are Dividend Champions? How to Invest in the Champions
- MarketBeat Week in Review – 7/22 – 7/26
Receive News & Ratings for RPC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPC and related companies with MarketBeat.com's FREE daily email newsletter.