RPC Inc (RES) Receives a Sell from Barclays
In a report issued on July 25, David Anderson from Barclays maintained a Sell rating on RPC Inc (RES), with a price target of $5.50. The company’s shares closed on Friday at $5.78, close to its 52-week low of $5.61.
According to TipRanks.com, Anderson is ranked 0 out of 5 stars with an average return of -4.7% and a 37.4% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Covia Holdings Corporation, and Oceaneering International.
Currently, the analyst consensus on RPC Inc is a Hold with an average price target of $7.17, implying a 24.0% upside from current levels. In a report issued on July 25, Citigroup also maintained a Sell rating on the stock with a $5.50 price target.
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The company has a one-year high of $17.16 and a one-year low of $5.61. Currently, RPC Inc has an average volume of 1.93M.
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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.