RPC (RES) Shares are Up 2.07%

RPC (RES) has been under a strong bear grip, hence the stock is down -6.72% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.64% in the past 1 week. The stock has risen by 2.07% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.4% in the past 4 weeks.

RPC (NYSE:RES): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.44 and $14.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.79, notching a gain of 2.85% for the day. The total traded volume was 932,445 . The stock had closed at $14.38 on the previous day.

The stock has recorded a 20-day Moving Average of 1.26% and the 50-Day Moving Average is 1.65%. RPC Inc. is up 7.96% in the last 3-month period. Year-to-Date the stock performance stands at 23.77%.

RPC (RES) : The highest short term price target forecast on RPC (RES) is $22 and the lowest target price is $10. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $16.3 with a standard deviation of $4.03.


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 Companys 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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