RES - RPC Inc Stock Price, Fair Value and News

7.90USD-0.13 (-1.62%)Market Closed

Market Summary

USD7.90-0.13

Market Closed

-1.62%

RES Stock Price

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RES RSI Chart

RES Valuation

Market Cap

1.7B

Price/Earnings (Trailing)

8.72

Price/Sales (Trailing)

1.05

EV/EBITDA

4.05

Price/Free Cashflow

7.96

RES Price/Sales (Trailing)

RES Profitability

Operating Margin

38.63%

EBT Margin

15.84%

Return on Equity

19.08%

Return on Assets

15.16%

Free Cashflow Yield

12.56%

RES Fundamentals

RES Revenue

Revenue (TTM)

1.6B

Rev. Growth (Yr)

-18.15%

Rev. Growth (Qtr)

19.4%

RES Earnings

Earnings (TTM)

195.1M

Earnings Growth (Yr)

-53.73%

Earnings Growth (Qtr)

119.79%

Breaking Down RES Revenue

Last 7 days

4.2%

Last 30 days

3.2%

Last 90 days

16.2%

Trailing 12 Months

2.2%

How does RES drawdown profile look like?

RES Financial Health

Current Ratio

4.79

RES Investor Care

Dividend Yield

1.77%

Dividend/Share (TTM)

0.14

Buy Backs (1Y)

0.96%

Diluted EPS (TTM)

0.9

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	1.8B	1.8B	1.7B	1.6B
2022	966.9M	1.2B	1.4B	1.6B
2021	537.1M	636.6M	745.3M	864.9M
2020	1.1B	862.3M	685.7M	598.3M
2019	1.6B	1.5B	1.4B	1.2B
2018	1.7B	1.8B	1.8B	1.7B
2017	838.0M	1.1B	1.4B	1.6B
2016	1.0B	892.1M	776.1M	729.0M
2015	2.2B	2.0B	1.6B	1.3B
2014	1.9B	2.1B	2.2B	2.3B
2013	1.9B	1.8B	1.8B	1.9B
2012	1.9B	2.0B	2.0B	1.9B
2011	1.3B	1.5B	1.7B	1.8B
2010	0	757.4M	926.9M	1.1B
2009	0	0	0	587.9M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of RPC Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Jan 26, 2024	palmer ben m	sold (taxes)	-99,064	7.41	-13,369	president and ceo
Jan 26, 2024	schmit michael	sold (taxes)	-18,228	7.41	-2,460	cfo and corporate secretary
Jan 26, 2024	hubbell richard a	sold (taxes)	-121,613	7.41	-16,412	executive chairman of board
Jan 25, 2024	palmer ben m	sold (taxes)	-44,286	7.32	-6,050	president and ceo
Jan 25, 2024	schmit michael	sold (taxes)	-22,186	7.32	-3,031	cfo and corporate secretary
Jan 25, 2024	hubbell richard a	sold (taxes)	-30,546	7.32	-4,173	executive chairman of board
Jan 23, 2024	palmer ben m	sold (taxes)	-13,997	6.64	-2,108	president and ceo
Jan 23, 2024	hubbell richard a	sold (taxes)	-20,258	6.64	-3,051	executive chairman of board
Jan 22, 2024	hubbell richard a	sold (taxes)	-35,052	6.65	-5,271	executive chairman of board
Jan 22, 2024	palmer ben m	sold (taxes)	-23,368	6.65	-3,514	president and ceo

Which funds bought or sold RES recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-1.17	15,726	325,854	0.01%
Apr 23, 2024	FIFTH THIRD BANCORP	reduced	-3.41	283	10,759	-%
Apr 23, 2024	Gradient Investments LLC	unchanged	-	12.00	201	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-14.47	-21,000	211,000	-%
Apr 23, 2024	Global Retirement Partners, LLC	sold off	-100	-117	-	-%
Apr 22, 2024	Raymond James Financial Services Advisors, Inc.	new	-	105,109	105,109	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	-74,354	326,086	-%
Apr 19, 2024	State of Alaska, Department of Revenue	reduced	-2.6	14,000	401,000	-%
Apr 19, 2024	Maryland State Retirement & Pension System	unchanged	-	11,132	239,411	-%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	sold off	-100	-89,594	-	-%

Are Funds Buying or Selling RES?

Are funds buying RES calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RES

No. of Funds

Unveiling RPC Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 26, 2024	blackrock inc.	7.0%	15,156,215	SC 13G/A
Sep 27, 2023	rollins gary w	45.1%	97,639,106	SC 13D/A
Feb 01, 2023	blackrock inc.	6.0%	12,930,881	SC 13G/A
Dec 05, 2022	rollins gary w	45.1%	97,639,106	SC 13D/A
Nov 09, 2022	rollins gary w	56.7%	122,844,320	SC 13D/A
Jun 06, 2022	rollins gary w	58.3%	126,275,003	SC 13D/A
Apr 04, 2022	rollins gary w	60.0%	129,888,878	SC 13D/A
Feb 04, 2022	blackrock inc.	5.2%	11,278,230	SC 13G
Jan 24, 2022	rollins gary w	61.4%	132,503,663	SC 13D/A
Jun 21, 2021	rollins gary w	62.6%	135,167,646	SC 13D/A

Recent SEC filings of RPC Inc

View All Filings

Date Filed	Form Type	Document
Apr 23, 2024	S-8	Employee Benefits Plan
Mar 14, 2024	DEFA14A	DEFA14A
Mar 14, 2024	DEFA14A	DEFA14A
Mar 14, 2024	DEF 14A	DEF 14A
Mar 14, 2024	ARS	ARS
Feb 28, 2024	10-K	Annual Report
Jan 29, 2024	4	Insider Trading
Jan 29, 2024	4	Insider Trading
Jan 29, 2024	4	Insider Trading
Jan 26, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to RPC Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
SLB	70.1B	33.1B	-8.22%	-1.33%	16.68	2.12	17.96%	22.15%
HAL	34.5B	23.0B	0.49%	11.92%	13.04	1.5	13.41%	67.65%
MID-CAP
FTI	11.2B	7.8B	2.14%	89.71%	199.02	1.43	16.77%	152.43%
NOV	7.4B	8.6B	-1.36%	0.27%	7.48	0.87	18.60%	536.86%
CHX	6.6B	3.8B	2.03%	27.36%	21.06	1.76	-1.25%	100.96%
LBRT	3.8B	4.6B	11.37%	65.08%	7.98	0.83	-1.29%	-16.22%
AROC	3.1B	990.3M	3.05%	98.80%	29.52	3.13	17.12%	137.04%
SMALL-CAP
DNOW	1.6B	2.3B	1.54%	38.23%	6.5	0.69	8.66%	93.36%
CLB	681.3M	-	2.04%	-22.82%	28.73	1.36	-	-
DRQ	656.6M	424.1M	-21.00%	-31.42%	1.1K	1.55	17.17%	137.19%
CCLP	344.8M	386.1M	17.68%	82.03%	-36.38	0.89	9.26%	57.09%
BOOM	330.2M	719.2M	-10.48%	-18.86%	12.58	0.46	9.95%	114.41%

RPC Inc News

Latest updates

RPC Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	19.4%	394,531	330,417	415,858	476,668	482,030	459,601	375,507	284,624	268,252	225,310	188,757	182,610	148,637	116,588	89,300	243,777	235,997	293,240	358,516	334,656	376,751
S&GA Expenses	-9.2%	38,127	42,012	43,604	42,197	38,211	38,243	35,879	36,240	32,128	31,446	29,403	30,595	26,017	32,376	28,775	36,530	36,842	42,571	43,293	45,421	40,016
EBITDA Margin	-8.2%	0.23*	0.25*	0.26*	0.25*	0.23*	0.20*	0.16*	0.13*	0.11*	0.07*	0.02*	-0.05*	-	-	-	-	-	-	-	-	-
Interest Expenses	-5.9%	95.00	101	73.00	72.00	71.00	143	222	178	166	1,280	103	380	116	73.00	71.00	113	73.00	8.00	164	89.00	121
Income Taxes	87.8%	12,294	6,547	20,612	21,677	26,562	22,949	13,461	8,297	8,021	1,891	33.00	-714	-10,357	-14,590	-13,921	-58,371	-4,096	-24,221	2,593	-266	6,477
Earnings Before Taxes	111.4%	52,553	24,864	85,625	93,201	113,567	92,289	60,400	23,376	20,360	7,157	-693	-10,376	-20,596	-31,027	-39,014	-218,794	-27,458	-93,402	8,764	-1,005	19,839
EBT Margin	-14.9%	0.16*	0.19*	0.21*	0.20*	0.18*	0.14*	0.10*	0.05*	0.02*	-0.03*	-0.10*	-0.19*	-	-	-	-	-	-	-	-	-
Net Income	119.8%	40,259	18,317	65,013	71,524	87,005	69,340	46,939	15,079	12,339	5,266	-726	-9,662	-10,239	-16,437	-25,093	-160,423	-23,362	-69,181	6,171	-739	13,362
Net Income Margin	-15.0%	0.12*	0.14*	0.16*	0.15*	0.14*	0.10*	0.07*	0.03*	0.01*	-0.02*	-0.06*	-0.11*	-	-	-	-	-	-	-	-	-
Free Cashflow	-17.9%	63,432	77,256	5,847	67,223	111,033	-41,574	3,111	-10,836	-1,417	-47,500	31,477	-2,486	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	3.2%	1,287	1,247	1,228	1,188	1,129	1,056	965	891	864	827	790	800	791	801	783	869	1,053	1,110	1,224	1,226	1,200
Current Assets	5.9%	727	686	748	720	703	655	583	517	492	458	446	450	428	430	409	480	437	481	540	578	619
Cash Equivalents	29.9%	223	172	101	178	126	36.00	78.00	73.00	82.00	81.00	121	85.00	84.00	146	145	83.00	50.00	50.00	48.00	113	116
Inventory	0.9%	111	110	104	98.00	97.00	93.00	90.00	84.00	79.00	80.00	81.00	80.00	83.00	85.00	93.00	97.00	101	107	119	124	130
Net PPE	-0.3%	435	436	388	375	333	313	270	257	254	253	251	257	264	275	278	295	517	529	575	537	518
Goodwill	0%	51.00	51.00	19.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00
Liabilities	5.9%	264	250	241	260	271	282	258	233	223	196	166	177	159	163	134	198	223	255	302	299	249
Current Liabilities	8.4%	152	140	137	159	179	198	173	139	131	121	96.00	104	80.00	93.00	59.00	118	101	136	172	164	143
Shareholder's Equity	2.5%	1,023	998	987	928	858	773	707	658	642	631	624	623	632	638	649	671	830	855	922	928	950
Retained Earnings	2.5%	1,003	978	968	909	856	772	705	657	641	627	620	619	628	639	650	673	832	854	921	928	948
Additional Paid-In Capital	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Depreciation	2.0%	811	795	782	768	775	790	776	771	763	793	796	789	791	1.00	1.00	1.00	1.00	1,381	1,669	1,656	1,634
Shares Outstanding	-0.6%	215	216	216	216	217	217	217	216	216	-	-	-	215	-	-	-	-	-	-	-	-
Float	-	-	-	216	-	-	-	564	-	-	-	355	-	-	-	177	-	-	-	411	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-21.4%	95,621	121,584	45,035	132,523	160,358	-1,925	34,605	8,248	21,303	-28,450	45,602	9,264	-53,406	9,265	67,260	54,839	39,428	76,283	16,284	77,146	67,057
Share Based Compensation	-3.5%	1,848	1,915	2,316	1,802	1,611	1,572	1,695	1,497	2,095	1,471	1,471	1,539	-586	5,207	2,017	2,097	1,306	2,436	2,436	2,452	2,215
Cashflow From Investing	33.8%	-26,667	-40,263	-113,767	-61,015	-45,060	-35,225	-28,171	-15,259	-18,517	-11,333	-9,999	-7,782	-7,718	-9,022	-4,495	-21,424	-38,919	-74,392	-66,267	-56,210	-39,894
Cashflow From Financing	-75.5%	-17,518	-9,982	-8,637	-20,028	-24,759	-5,198	-1,390	-2,233	-1,188	-397	-9.00	-557	1.00	-29.00	-6.00	-792	-9.00	-10.00	-15,389	-24,184	-39,274
Dividend Payments	-0.2%	8,614	8,634	8,635	8,679	4,378	-	-	-	-	-	-	-	-	-	-	-	7.00	-	10,738	21,486	36,433
Buy Backs	654.0%	8,619	1,143	2.00	11,349	-832	2.00	1,677	910	-	1.00	9.00	557	-1.00	29.00	6.00	792	2.00	10.00	4,651	2,698	2,841

RES Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS
Revenues	$ 1,617,474	$ 1,601,762	$ 864,929
Cost of revenues (exclusive of depreciation and amortization shown separately below)	1,089,519	1,088,115	663,262
Selling, general and administrative expenses	165,940	148,573	123,572
Pension settlement charges	18,286	2,921
Depreciation and amortization	108,123	83,017	72,686
Gain on disposition of assets, net	(9,344)	(8,804)	(10,882)
Operating income	244,950	287,940	16,291
Interest expense	(341)	(614)	(1,929)
Interest income	8,599	1,171	59
Other income, net	3,035	1,135	2,027
Income before income taxes	256,243	289,632	16,448
Income tax provision	61,130	71,269	9,231
Net income	$ 195,113	$ 218,363	$ 7,217
Earnings per share
Basic (in dollars per share)	$ 0.90	$ 1.01	$ 0.03
Diluted (in dollars per share)	0.90	1.01	$ 0.03
Dividends paid per share (in dollars per share)	$ 0.16	$ 0.04

RES Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 223,310	$ 126,424
Accounts receivable, net of allowance for credit losses of $7,109 in 2023 and $7,078 in 2022	324,915	416,568
Inventories	110,904	97,107
Income taxes receivable	52,269	42,403
Prepaid expenses	12,907	17,753
Other current assets	2,768	3,086
Total current assets	727,073	703,341
Property, plant and equipment, less accumulated depreciation of $810,933 in 2023 and $775,334 in 2022	435,139	333,093
Operating lease right-of-use assets	24,537	28,864
Finance lease right-of-use assets	1,036
Goodwill	50,824	32,150
Other intangibles, net	12,825	1,084
Other assets	35,411	30,481
Total assets	1,286,845	1,129,013
LIABILITIES
Accounts payable	85,036	115,213
Accrued payroll and related expenses	30,956	33,161
Accrued insurance expenses	5,340	3,232
Accrued state, local and other taxes	4,461	4,296
Income taxes payable	275	499
Unearned revenue	15,743
Pension liabilities		9,610
Current portion of operating lease liabilities	7,367	10,728
Current portion of finance lease liabilities and finance obligations	375
Accrued expenses and other liabilities	2,304	1,864
Total current liabilities	151,857	178,603
Long-term accrued insurance expenses	10,202	7,149
Long-term retirement plan liabilities	23,724	23,106
Deferred income taxes	51,290	37,473
Long-term operating lease liabilities	18,600	19,517
Long-term finance lease liabilities	819
Other long-term liabilities	7,840	5,430
Total liabilities	264,332	271,278
Commitments and contingencies (Note 16)
STOCKHOLDERS' EQUITY
Preferred stock, $0.10 par value, 1,000,000 shares authorized, none issued
Common stock, $0.10 par value, 349,000,000 shares authorized, 215,026,458 and 216,609,191 shares issued and outstanding in 2023 and 2022, respectively	21,502	21,661
Capital in excess of par value	0	0
Retained earnings	1,003,380	856,013
Accumulated other comprehensive loss	(2,369)	(19,939)
Total stockholders' equity	1,022,513	857,735
Total liabilities and stockholders' equity	$ 1,286,845	$ 1,129,013

About RPC Inc

RPC, Inc., through its subsidiaries, provides 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. It 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. The Support Services segment provides a range of rental tools for onshore and offshore oil and gas well drilling, completion, and workover activities. This segment also offers oilfield pipe inspection, and pipe management and storage services, as well as well control training and consulting services. The company operates in the United States, Africa, Canada, Argentina, China, Mexico, Latin America, the Middle East, and internationally. RPC, Inc. was founded in 1984 and is headquartered in Atlanta, Georgia.

CEO	Mr. Ben M. Palmer
WEBSITE	rpc.net
INDUSTRY	Oil - Services
EMPLOYEES	2732

RPC Inc Frequently Asked Questions

What is the ticker symbol for RPC Inc? What does RES stand for in stocks?

RES is the stock ticker symbol of RPC Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of RPC Inc (RES)?

As of Tue Apr 23 2024, market cap of RPC Inc is 1.73 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RES stock?

You can check RES's fair value in chart for subscribers.

What is the fair value of RES stock?

You can check RES's fair value in chart for subscribers. The fair value of RPC Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of RPC Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RES so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is RPC Inc a good stock to buy?

The fair value guage provides a quick view whether RES is over valued or under valued. Whether RPC Inc is cheap or expensive depends on the assumptions which impact RPC Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RES.

What is RPC Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, RES's PE ratio (Price to Earnings) is 8.87 and Price to Sales (PS) ratio is 1.07. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RES PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on RPC Inc's stock?

In the past 10 years, RPC Inc has provided -0.096 (multiply by 100 for percentage) rate of return.