RPC (NYSE:RES – Get Free Report) posted its earnings results on Thursday. The oil and gas company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05), Briefing.com reports. The firm had revenue of $337.70 million for the quarter, compared to the consensus estimate of $365.33 million. RPC had a net margin of 8.08% and a return on equity of 11.52%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share.
RPC Trading Down 0.5 %
Shares of RPC stock traded down $0.03 during trading on Friday, hitting $5.97. 2,001,165 shares of the stock traded hands, compared to its average volume of 1,727,197. The firm has a market cap of $1.28 billion, a P/E ratio of 8.59 and a beta of 1.55. RPC has a 52-week low of $5.66 and a 52-week high of $8.60. The stock’s fifty day simple moving average is $6.42 and its 200 day simple moving average is $6.60.
RPC Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, November 8th. This represents a $0.16 annualized dividend and a dividend yield of 2.68%. RPC’s dividend payout ratio is currently 22.86%.
Wall Street Analyst Weigh In
Read Our Latest Research Report on RPC
About RPC
RPC, Inc, through its subsidiaries, engages provision of a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells.
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