Today, the VP, CFO & Corporate Secretary of RPC Inc (NYSE: RES), Ben Palmer, sold shares of RES for $67.45K.
This is Palmer’s first transaction since reporting a Sell transaction on MPX back in June 2017
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Based on RPC Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $436 million and quarterly net profit of $51.54 million. In comparison, last year the company earned revenue of $298 million and had a net profit of $3.58 million. RES’s market cap is $4.09B and the company has a P/E ratio of 19.71. Currently, RPC Inc has an average volume of 1.23M.
Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $20.75, reflecting a -7.0% downside. Six different firms, including BMO Capital and Citigroup, currently also have a Sell rating on the stock.
Ben Palmer’s trades have generated a -52.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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RPC, Inc. is an oil and gas services company, which engages in the exploration, production, and development of oil and gas properties. It operates through the Technical Services and Support Services segments.
