Morgan Stanley Keeps a Buy Rating on RPC Inc (RES)
Morgan Stanley analyst Connor Lynagh maintained a Buy rating on RPC Inc (RES) today and set a price target of $7.00. The company’s shares closed last Monday at $5.21, close to its 52-week low of $4.88.
According to TipRanks.com, Lynagh has currently no stars on a ranking scale of 0-5 stars, with an average return of -14.8% and a 25.6% success rate. Lynagh covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Diamond Offshore Drilling, and Oil States International.
RPC Inc has an analyst consensus of Moderate Sell, with a price target consensus of $5.92.
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RPC Inc’s market cap is currently $1.12B and has a P/E ratio of 16.44. The company has a Price to Book ratio of 1.22.
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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 following segments: Technical Services and Support Services.