Analyst Ratings for RPC Inc. (RES)Updated: 2017-07-26
RPC Inc. (NYSE:RES) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for RES last month.
25 analysts issued ratings on the stock, where 13 gave RES a buy rating, 0 gave an overweight rating, 12 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
Many analysts weighed in on price targets for RES. The most optimistic price target was 30, implying a possible profit of 41.24 percent. The lowest price target was 14, which equates to a potential downside of -34.09 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Analysts have revised their earnings estimates upwards for this quarter, by about 8.01 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 81.67 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 8.21 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 68.09 percent.
People are often interested in whether analysts were united in the direction of their revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Over the same time period, 5 analysts revised their FY earnings estimates upwards, while 2 analysts decreased their estimates.
RES has a 52-week high of 23.36 and a 52-week low of 13.50. The current market price is above the trailing year's low by 57.33 percent, and below the high by 9.08 percent. RES has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The RES value stock report compares RES to some of its peers using value stock charts. The stock has a market capitalization of $4.57 billion. RES is estimated to release their earnings results for the quarter on 0000-00-00, days from today.