RPC Inc (RES) Gets a Sell Rating from Citigroup
Citigroup analyst Scott Gruber maintained a Sell rating on RPC Inc (RES) today and set a price target of $5. The company’s shares closed last Monday at $5.73, close to its 52-week low of $4.88.
According to TipRanks.com, Gruber has 0 stars on 0-5 star ranking scale with an average return of -4.6% and a 39.8% success rate. Gruber covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Diamond Offshore Drilling, and Oceaneering International.
RPC Inc has an analyst consensus of Moderate Sell, with a price target consensus of $6.08, a 8.0% upside from current levels. In a report issued on September 12, Wells Fargo also maintained a Sell rating on the stock with a $4.50 price target.
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RPC Inc’s market cap is currently $1.22B and has a P/E ratio of 17.88. The company has a Price to Book ratio of 1.33.
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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.