RES Stock Recent News
RES LATEST HEADLINES
ATLANTA , July 5, 2023 /PRNewswire/ -- RPC, Inc. (NYSE: RES) announced today that it will release its financial results for the second quarter ended June 30, 2023 on Wednesday, July 26, 2023 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Wednesday, July 26, 2023 at 9:00 a.m.
Per the deal, RPC (RES) pays $79.5 million for Spinnaker's equity. The acquisition will be in effect from Jul 1, 2023.
Favorable oil price is aiding RPC's (RES) oilfield service business.
This oilfield services company trades with a P/E of just 4.6.
Up to date as of market close 03/13/23. 60 oilfield services providers were screened for profitability and subsequently ranked by means of a multi-factor matrix.
RPC (RES) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Higher activity levels in all the service lines and higher equipment utilization aid RPC's (RES) earnings in Q4.
RPC Inc. (NYSE:RES ) Q4 2022 Earnings Conference Call January 25, 2023 9:00 AM ET Company Participants Ben Palmer - President, Chief Executive Officer Mike Schmit - Chief Financial Officer Jim Landers - Vice President, Corporate Services Conference Call Participants Stephen Gengaro - Stifel Don Crist - Johnson Rice John Daniel - Daniel Energy Partners Derek Podhaizer - Barclays Operator Good morning and thank you for joining us for RPC Inc.'s fourth quarter and year-end 2022 financial earnings conference call. Today's call will be hosted by Ben Palmer, President and CEO, and Mike Schmit, Chief Financial Officer.
RPC (RES) delivered earnings and revenue surprises of 36.67% and 7.24%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Shares of RPC Inc. RES were indicated up about 4% in premarket trading Wednesday, after the oilfield services company doubled its dividend and beat fourth-quarter profit and revenue expectations. The quarterly dividend was raised to 4 cents a share from 2 cents.