RPC Inc. (NYSE:RES) closed Tuesday at $8.16 per share, down from $8.32 a day earlier. While RPC Inc. has underperformed by -1.92%, investors are advised to look at stock chart patterns for technical insight.
On June 16, 2023, Citigroup Downgraded RPC Inc. (NYSE: RES) to Sell.
Analysis of RPC Inc. (RES)
The current dividend for RES investors is set at $0.16 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 67.50%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of RPC Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 26.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.90, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and RES is recording an average volume of 1.54M. On a monthly basis, the volatility of the stock is set at 4.62%, whereas on a weekly basis, it is put at 6.44%, with a loss of -8.93% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.80, showing growth from the present price of $8.16, which can serve as yet another indication of whether RES is worth investing in or should be passed over.
How Do You Analyze RPC Inc. Shares?
RPC Inc. (RES) is based in the USA and is one of the most prominent companies operating in the Oil & Gas Equipment & Services market. When comparing RPC Inc. shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 6.03, there is a growth in quarterly earnings of 373.40%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 41.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 32.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in RES shares?
The recent increase in stakes in RES appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in RES has decreased by -0.49% in the first quarter. The company now owns 11,969,074 shares of the stock, with a value of $85.58 million, following the sale of -59,083 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in RES during the first quarter, upping its stake by 2.41%. During the last quarter, the company picked up 227,870 additional shares for a total stake of worth $69.2 million, bringing number of shares owned by the company to 9,678,538.
During the first quarter, Dimensional Fund Advisors LP added a 866,947 position in RES. Van Eck Associates Corp. sold an additional -0.67 million shares in the last quarter, decreasing its holdings by -14.48%, now holding 3.98 million shares worth $28.43 million. At the end of the first quarter, SSgA Funds Management, Inc. increased its RES holdings by 14.78% and now holds 3.96 million RES shares valued at $28.28 million with the added 0.51 million shares during the period. RES shares are owned by institutional investors to the tune of 32.80% at present.