Rpc Inc (RES) Files Form 4 Insider Selling : Richard A Hubbell Sells 100,000 Shares

Rpc Inc (RES): Richard A Hubbell , President and CEO of Rpc Inc sold 100,000 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $15.80 per share for a total value of $1,579,480.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 22, 2016, Richard A Hubbell (President and CEO) sold 140,000 shares at $13.21 per share price.On Feb 1, 2016, Gary W Rollins (director 10% owner) purchased 665,400 shares at $12.33 per share price.Also, On Nov 9, 2015, James A Jr Lane (director) sold 30,000 shares at $12.40 per share price.

RPC: On Friday, Jun 3, 2016 heightened volatility was witnessed in RPC which led to swings in the share price. The shares opened for trading at $14.27 and hit $14.74 on the upside , eventually ending the session at $14.73, with a gain of 4.10% or 0.58 points. The heightened volatility saw the trading volume jump to 14,81,197 shares. The 52-week high of the share price is $15.73 and the company has a market cap of $3,205 M . The 52-week low of the share price is at $8.45.

RPC Money Flow Index Chart

Company has been under the radar of several Street Analysts.RPC is Reiterated by Cowen to Outperform and the brokerage firm has raised the Price Target to $ 17 from a previous price target of $14 .The Rating was issued on Apr 28, 2016.RPC is Downgraded by Seaport Global Securities to Reduce. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 19, 2016.RPC is Initiated by Nomura to Neutral. The Rating was issued on Apr 8, 2016.RPC is Downgraded by Morgan Stanley to Equal-Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Mar 17, 2016.RPC is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 11, 2016.

RPC Inc. (RPC) is an oilfield services holding company. The Company provides a specialized oilfield services and equipment to independent and oil and gas companies engaged in the exploration production and development of oil and gas properties. The services and equipment provided include pressure pumping services downhole tool services coiled tubing services snubbing services nitrogen services the rental of drill pipe and other specialized oilfield equipment and well control. The Company’s service lines include two segments in oil and gas services business segments: Technical Services and Support Services. RPC acts as a holding company for its operating units Cudd Energy Services Patterson Rental and Fishing Tools Bronco Oilfield Services Thru Tubing Solutions Well Control School and others.

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