Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate RPC Inc before investing.

In this article, we go over a few key elements for understanding RPC Inc’s stock price such as:

• RPC Inc’s current stock price and volume
• Why RPC Inc’s stock price changed recently
• Upgrades and downgrades for RES from analysts
• RES’s stock price momentum as measured by its relative strength

About RPC Inc (RES)

Before we jump into RPC Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

RPC, Inc. acts as a holding company for several oilfield services companies that include Cudd Energy Services, Cudd Pressure Control, Thru Tubing Solutions and Patterson Services. It provides a range of oilfield services and equipment primarily to independent and oil and gas companies, which is engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. Its segments include Technical Services and Support Services. Technical Services segment includes pressure pumping, downhole tools services, coiled tubing, snubbing and other oilfield related services. Support Services segment includes renting tools to its customers for use with onshore and offshore oil and gas well drilling, completion and workover activities. It is also engaged in oilfield cementing services in the Permian and Mid-Continent basins.

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RPC Inc’s Stock Price as of Market Close

As of September 11, 2024, 4:00 PM, CST, RPC Inc’s stock price was $5.75.

RPC Inc is down 4.01% from its previous closing price of $5.99.

During the last market session, RPC Inc’s stock traded between $5.87 and $6.02. Currently, there are 211.24 million shares of RPC Inc stock available for purchase.

RPC Inc’s price-earnings (P/E) ratio is currently at 10.9, which is low compared to the Oil & Gas - Related Services and Equipment industry median of 17.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

RPC Inc Stock Price History

RPC Inc’s (RES) price is currently down 10.44% so far this month.

During the month of September, RPC Inc’s stock price has reached a high of $6.32 and a low of $5.71.

Over the last year, RPC Inc has hit prices as high as $9.42 and as low as $5.66. Year to date, RPC Inc’s stock is down 35.32%.

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What Caused RPC Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 10, 2024, there were 4 analysts who downgraded RPC Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate RPC Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on RPC Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

RPC Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about RPC Inc (RES) by visiting AAII Stock Evaluator.

Relative Price Strength of RPC Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 10, 2024, RPC Inc has a weighted four-quarter relative price strength of -11.93%, which translates to a Momentum Score of 28 and is considered to be Weak.

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RPC Inc Stock Price: Bottom Line

As of September 11, 2024, RPC Inc’s stock price is $5.75, which is down 4.01% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like RPC Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.