RPC (RES) Receives Price Target

RPC (RES) : 9 investment research analysts covering RPC (RES) have an average price target of $16.89 for the near short term. The highest target price given by the Brokerage Firm to the stock is $22 and the lowest target is $10 for the short term. Analysts expect the variance to be within $3.86 of the average price.

RPC (RES) has an average broker rating of 1.55, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, In a research note released to the investors, iBERIA Capital Partners maintains its rating on RPC (NYSE:RES).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, iBERIA Capital Partners maintains the price target of $20 per share. The rating by the firm was issued on August 24, 2016.

RPC (NYSE:RES): The stock opened at $15.25 on Thursday but the bulls could not build on the opening and the stock topped out at $15.25 for the day. The stock traded down to $14.76 during the day, due to lack of any buying support eventually closed down at $14.93 with a loss of -2.61% for the day. The stock had closed at $15.33 on the previous day. The total traded volume was 1,813,058 shares.

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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