RPC (RES) is Initiated by Credit Suisse to Neutral

RPC (RES) is Initiated by Credit Suisse to Neutral , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of RPC, Inc. (NYSE:RES) ended Thursday session in red amid volatile trading. The shares closed down 0.34 points or 2.66% at $12.45 with 2,518,424 shares getting traded. Post opening the session at $12.71, the shares hit an intraday low of $12.43 and an intraday high of $12.87 and the price vacillated in this range throughout the day. The company has a market cap of $2,702 million and the number of outstanding shares has been calculated to be 217,006,180 shares. The 52-week high of RPC, Inc. (NYSE:RES) is $16.66 and the 52-week low is $8.45.

During the last several months other analysts have commented on the company rating. In a research note released to the investors, Oppenheimer maintains its rating on RPC, Inc. (NYSE:RES).The analysts at the brokerage house have a current rating of Perform on the shares. In a recent information released to the investors, Oppenheimer raises the new price target from $11 per share to $12 per share. The rating by the firm was issued on October 30, 2015.

As many as 9 brokerage firms have rated RPC, Inc. (NYSE:RES) at 2.56. Research Analysts at Zacks have ranked the company at 3, suggesting the traders with a rating of hold for the short term. The stock garnered a place in the hold list of 7 stock Analysts. 2 analysts rated the company as a strong buy.

RPC, Inc. (NYSE:RES) stock has received a short term price target of $ 13 from 8 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3.38. The higher estimate of target price is $20 , while the lower price target estimate is $9

RPC Inc. has dropped 2.51% in the last five trading days, however, the shares have posted positive gains of 4.53% in the last 4 weeks. RPC Inc. is up 19.37% in the last 3-month period. Year-to-Date the stock performance stands at -3.45%.”

RPC, Inc. (RPC) is a holding company. The Company provides a broad range of specialized oilfield services and equipment primarily to independent and oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets. The Company operates in two business segments: Technical Services and Support Services. The services and equipment provided include, among others, pressure pumping services,downhole tool services coiled tubing services, snubbing services (also referred to as hydraulic workover services), nitrogen services, the rental of drill pipe and other specialized oilfield equipment, and well control. RPC acts as a holding company for its operating units, Cudd Energy Services, Patterson Rental and Fishing Tools and Bronco Oilfield Services.