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 potential capital gains of 41.24 percent. The minimum price target given was 14, which equates to a potential downside of -34.09 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 8.01 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 81.67 percent. Meanwhile, fiscal year estimates have been revised upwards by 8.21 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 68.09 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the 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 made negative revisions to their fiscal year's estimates.
RES has a 52-week high of 23.36 and a 52-week low of 13.50. Currently the stock is 57.33 percent higher than its low, and 9.08 percent lower than its 52-week high. RES has a P/E 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 market cap of RES is $4.57 billion. RES's next earnings release will be on 0000-00-00, which is days away.