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 highest price target was 30, implying potential capital gains 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 8.01 percent. That number becomes 81.67 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 8.21 percent, as compared to a month ago. 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, which can be compared to the 0 analysts that decreased their estimates. During this time, 5 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.
RES has traded between a high of 23.36 and a low of 13.50 over the past year. 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 market cap of RES is $4.57 billion. RES is estimated to release their earnings results for the quarter on 0000-00-00, days from today.