RPC (RES) Releases Earnings Results, Reports EPS of $-0.23 EPS

RPC (RES) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $-0.23 EPS for the quarter. Analysts had a consensus estimate of $-0.23. The company posted revenue of $143.00 million in the period, compared to analysts expectations of $151.40 million. The company’s revenue was down -51.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.16 EPS.

RPC closed down -0.36 points or -2.48% at $14.17 with 27,08,178 shares getting traded on Thursday. Post opening the session at $14.56, the shares hit an intraday low of $13.835 and an intraday high of $14.59 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 6, 2016, Richard A Hubbell (President and CEO) sold 100,000 shares at $15.80 per share price. According to the SEC, on Nov 9, 2015, James A Jr Lane (director) sold 30,000 shares at $12.40 per share price.

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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