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.
Investment analysts gave a few price targets for RES. The most optimistic price target was 30, which equates to a potential upside of 41.24 percent. The minimum price target given was 14, which equates to a potential downside of -34.09 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 8.01 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 81.67 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 8.21 percent. If we look at the last 90 days instead, we find a net average change of 68.09 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 5 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.
In the last 52-weeks, RES has achieved a high of 23.36 and a low of 13.50. Currently the stock is 57.33 percent higher than its low, and 9.08 percent below the high. 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's next earnings release will be on 0000-00-00, which is days away.