Market Highlights: RPC, Inc. (RES) Ends on a Low Note at 5.96

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The price of RPC, Inc. (NYSE: RES) closed at $5.96 in the last session, down -4.03% from day before closing price of $6.21. In other words, the price has decreased by -$4.03 from its previous closing price. On the day, 1.09 million shares were traded. RES stock price reached its highest trading level at $6.18 during the session, while it also had its lowest trading level at $5.96.

Ratios:

We take a closer look at RES’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.50. For the most recent quarter (mrq), Quick Ratio is recorded 4.01 and its Current Ratio is at 4.75. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on June 16, 2023, Downgraded its rating to Sell and sets its target price to $7 from $8.25 previously.

On April 28, 2022, Johnson Rice Upgraded its rating to Accumulate which previously was Hold but kept the price unchanged to $13.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RES now has a Market Capitalization of 1277508224 and an Enterprise Value of 1073657920. As of this moment, RPC,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.57, and their Forward P/E ratio for the next fiscal year is 7.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.84 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 0.707 whereas that against EBITDA is 3.643.

Stock Price History:

Over the past 52 weeks, RES has reached a high of $9.41, while it has fallen to a 52-week low of $5.97. The 50-Day Moving Average of the stock is -10.53%, while the 200-Day Moving Average is calculated to be -19.56%.

Shares Statistics:

According to the various share statistics, RES traded on average about 1.57M shares per day over the past 3-months and 2129840 shares per day over the past 10 days. A total of 215.03M shares are outstanding, with a floating share count of 94.79M. Insiders hold about 55.78% of the company’s shares, while institutions hold 42.93% stake in the company. Shares short for RES as of 1718323200 were 12160535 with a Short Ratio of 7.74, compared to 1715731200 on 11784258. Therefore, it implies a Short% of Shares Outstanding of 12160535 and a Short% of Float of 14.45.

Dividends & Splits

The forward annual dividend rate for RES is 0.16, which was 0.16 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.025764894The stock’s 5-year Average Dividend Yield is 2.16.

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