RPC Stock (NYSE:RES), Trade Ideas

RPC Inc is an oilfield services company. It provides specialized oilfield services and equipment to independent and oil and gas companies engaged in the exploration, production, and development of oil and gas properties throughout the United States. The company's operating segment includes Technical Services and Support Services. It generates maximum revenue from the Technical Services segment. Technical Services segment consists of pressure pumping, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing. Support Services segment consists of drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training and consulting services.

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Susquehanna analyst Charles Minervino maintains RPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) with a Neutral and raises the price target from $6.5 to $8.

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Analyst Ratings

Susquehanna Maintains Neutral on RPC, Raises Price Target to $8

RPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) reported quarterly Adj earnings of $0.19 per share which beat the analyst consensus estimate of $0.18 by 5.56 percent. This is a 53.66 percent decrease over earnings of $0.41 per share from the same period last year. The company reported quarterly sales of $394.53 million which beat the analyst consensus estimate of $370.73 million by 6.42 percent. This is a 18.15 percent decrease over sales of $482.03 million the same period last year.

Earnings

RPC Q4 Adj EPS $0.19 Beats $0.18 Estimate, Sales $394.53M Beat $370.73M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Nokia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $7.05 billion.
&bull; Popular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPOP#NASDAQ">BPOP</a>) is likely to report quarterly earnings at $1.61 per share on revenue of $538.72 million.
&bull; Carpenter Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) is estimated to report quarterly earnings at $0.85 per share on revenue of $657.10 million.
&bull; Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) is estimated to report quarterly earnings at $0.49 per share on revenue of $94.52 million.
&bull; NetScout Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTCT#NASDAQ">NTCT</a>) is projected to report quarterly earnings at $0.37 per share on revenue of $198.38 million.
&bull; NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $5.70 billion.
&bull; Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) is estimated to report quarterly earnings at $0.41 per share on revenue of $286.54 million.
&bull; Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) is estimated to report quarterly earnings at $0.96 per share on revenue of $2.57 billion.
&bull; Global X Guru Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GURU#NYSE">GURU</a>) is estimated to report earnings for its fourth quarter.
&bull; Bread Finl Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFH#NYSE">BFH</a>) is projected to report quarterly loss at $0.84 per share on revenue of $988.92 million.
&bull; MarineMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HZO#NYSE">HZO</a>) is projected to report quarterly earnings at $0.50 per share on revenue of $521.28 million.
&bull; Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) is expected to report quarterly earnings at $0.11 per share on revenue of $6.74 billion.
&bull; CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $400.13 million.
&bull; Humana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) is expected to report quarterly earnings at $1.82 per share on revenue of $25.39 billion.
&bull; Valero Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>) is expected to report quarterly earnings at $2.95 per share on revenue of $35.69 billion.
&bull; McCormick &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>) is estimated to report quarterly earnings at $0.79 per share on revenue of $1.79 billion.
&bull; Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) is likely to report quarterly earnings at $1.00 per share on revenue of $855.99 million.
&bull; Banc of California (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BANC#NYSE">BANC</a>) is estimated to report quarterly loss at $0.08 per share on revenue of $170.60 million.
&bull; STMicroelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $4.31 billion.
&bull; Lakeland Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBAI#NASDAQ">LBAI</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $73.80 million.
&bull; Heritage Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HFWA#NASDAQ">HFWA</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $62.03 million.
&bull; Union Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) is likely to report quarterly earnings at $2.57 per share on revenue of $6.05 billion.
&bull; S&amp;T Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STBA#NASDAQ">STBA</a>) is likely to report quarterly earnings at $0.86 per share on revenue of $99.77 million.
&bull; LSI Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYTS#NASDAQ">LYTS</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $114.67 million.
&bull; Comcast (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) is likely to report quarterly earnings at $0.79 per share on revenue of $30.50 billion.
&bull; Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) is likely to report quarterly earnings at $5.80 per share on revenue of $10.44 billion.
&bull; Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $639.80 million.
&bull; Dow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $10.37 billion.
&bull; Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) is estimated to report quarterly earnings at $0.53 per share on revenue of $1.79 billion.
&bull; Old Republic Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORI#NYSE">ORI</a>) is projected to report quarterly earnings at $0.71 per share on revenue of $1.97 billion.
&bull; OSI Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSIS#NASDAQ">OSIS</a>) is projected to report quarterly earnings at $1.74 per share on revenue of $362.55 million.
&bull; Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) is likely to report quarterly earnings at $1.80 per share on revenue of $5.22 billion.
&bull; Marsh &amp; McLennan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>) is expected to report quarterly earnings at $1.63 per share on revenue of $5.54 billion.
&bull; TAL Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAL#NYSE">TAL</a>) is projected to report quarterly earnings at $0.02 per share on revenue of $331.17 million.
&bull; Valley Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLY#NASDAQ">VLY</a>) is estimated to report quarterly earnings at $0.25 per share on revenue of $468.14 million.
&bull; Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) is likely to report quarterly earnings at $2.11 per share on revenue of $1.06 billion.
&bull; American Airlines Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) is expected to report quarterly earnings at $0.10 per share on revenue of $13.02 billion.
&bull; NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) is expected to report quarterly earnings at $0.16 per share on revenue of $343.45 million.
&bull; Alaska Air Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) is estimated to report quarterly earnings at $0.18 per share on revenue of $2.55 billion.
&bull; ConnectOne Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNOB#NASDAQ">CNOB</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $63.03 million.
&bull; Amalgamated Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAL#NASDAQ">AMAL</a>) is likely to report quarterly earnings at $0.72 per share on revenue of $71.39 million.
&bull; Eagle Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXP#NYSE">EXP</a>) is likely to report quarterly earnings at $3.55 per share on revenue of $536.57 million.
&bull; First Foundation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFWM#NYSE">FFWM</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $62.81 million.
&bull; RPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $370.73 million.
&bull; Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBCP#NASDAQ">IBCP</a>) is likely to report quarterly earnings at $0.70 per share on revenue of $40.11 million.
&bull; Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) is estimated to report quarterly earnings at $0.85 per share on revenue of $4.01 billion.
&bull; First Merchants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRME#NASDAQ">FRME</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $165.48 million.
&bull; Lakeland Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKFN#NASDAQ">LKFN</a>) is projected to report quarterly earnings at $0.89 per share on revenue of $59.98 million.
&bull; Marine Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPX#NYSE">MPX</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $54.78 million.
&bull; West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTBA#NASDAQ">WTBA</a>) is projected to report quarterly earnings at $0.31 per share on revenue of $18.82 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) is projected to report quarterly earnings at $1.88 per share on revenue of $699.44 million.
&bull; Glacier Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBCI#NYSE">GBCI</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $167.16 million.
&bull; Federated Hermes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHI#NYSE">FHI</a>) is expected to report quarterly earnings at $0.83 per share on revenue of $396.98 million.
&bull; CVRx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVRX#NASDAQ">CVRX</a>) is expected to report quarterly loss at $0.54 per share on revenue of $11.14 million.
&bull; Fair Isaac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) is estimated to report quarterly earnings at $5.06 per share on revenue of $390.89 million.
&bull; Levi Strauss (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) is likely to report quarterly earnings at $0.43 per share on revenue of $1.66 billion.
&bull; Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) is estimated to report quarterly loss at $1.13 per share on revenue of $2.99 billion.
&bull; AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) is expected to report quarterly earnings at $0.72 per share on revenue of $162.71 million.
&bull; Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) is projected to report quarterly earnings at $2.34 per share on revenue of $8.54 billion.
&bull; L3Harris Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) is estimated to report quarterly earnings at $3.31 per share on revenue of $5.29 billion.
&bull; Marten Transport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRTN#NASDAQ">MRTN</a>) is projected to report quarterly earnings at $0.18 per share on revenue of $271.62 million.
&bull; Taro Pharmaceutical Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TARO#NYSE">TARO</a>) is projected to report quarterly earnings at $0.30 per share on revenue of $154.91 million.
&bull; First of Long Island (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLIC#NASDAQ">FLIC</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $23.21 million.
&bull; USCB Financial Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USCB#NASDAQ">USCB</a>) is estimated to report quarterly earnings at $0.22 per share on revenue of $17.25 million.
&bull; Third Coast Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBX#NASDAQ">TCBX</a>) is projected to report quarterly earnings at $0.48 per share on revenue of $38.13 million.
&bull; First Western Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYFW#NASDAQ">MYFW</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $23.83 million.
&bull; Byline Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BY#NYSE">BY</a>) is expected to report quarterly earnings at $0.67 per share on revenue of $101.40 million.
&bull; T-Mobile US (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) is projected to report quarterly earnings at $1.90 per share on revenue of $19.64 billion.
&bull; KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) is projected to report quarterly earnings at $5.91 per share on revenue of $2.46 billion.
&bull; SouthState (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSB#NYSE">SSB</a>) is likely to report quarterly earnings at $1.54 per share on revenue of $417.72 million.
&bull; Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) is expected to report quarterly earnings at $0.45 per share on revenue of $15.16 billion.
&bull; Flushing Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $48.12 million.
&bull; Weyerhaeuser (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $1.86 billion.
&bull; First Financial Bancor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFBC#NASDAQ">FFBC</a>) is expected to report quarterly earnings at $0.61 per share on revenue of $207.32 million.
&bull; Arthur J. Gallagher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>) is likely to report quarterly earnings at $1.85 per share on revenue of $2.36 billion.
&bull; Capital One Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) is likely to report quarterly earnings at $2.64 per share on revenue of $9.46 billion.
&bull; Financial Institutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) is likely to report quarterly earnings at $0.71 per share on revenue of $40.32 million.
&bull; Ameris (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABCB#NASDAQ">ABCB</a>) is projected to report quarterly earnings at $1.10 per share on revenue of $264.66 million.
&bull; Hilltop Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTH#NYSE">HTH</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $113.80 million.
&bull; MidWestOne Financial Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOFG#NASDAQ">MOFG</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $34.02 million.
&bull; Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBBK#NASDAQ">TBBK</a>) is projected to report quarterly earnings at $0.95 per share on revenue of $90.65 million.
&bull; Customers Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBI#NYSE">CUBI</a>) is likely to report quarterly earnings at $1.72 per share on revenue of $173.26 million.
&bull; WSFS Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSFS#NASDAQ">WSFS</a>) is expected to report quarterly earnings at $1.05 per share on revenue of $177.61 million.
&bull; Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $1.52 billion.
&bull; Primis Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRST#NASDAQ">FRST</a>) is expected to report quarterly earnings at $0.28 per share on revenue of $27.05 million.
&bull; Provident Finl Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFS#NYSE">PFS</a>) is projected to report quarterly earnings at $0.41 per share on revenue of $94.12 million.
&bull; Seacoast Banking (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBCF#NASDAQ">SBCF</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $135.57 million.
&bull; GSI Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSIT#NASDAQ">GSIT</a>) is expected to report earnings for its third quarter.
&bull; Associated Banc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASB#NYSE">ASB</a>) is projected to report quarterly earnings at $0.52 per share on revenue of $275.24 million.
&bull; Midland States Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSBI#NASDAQ">MSBI</a>) is expected to report quarterly earnings at $0.79 per share on revenue of $75.49 million.
&bull; SB Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFG#NASDAQ">SBFG</a>) is expected to report quarterly earnings at $0.35 per share on revenue of $9.40 million.
&bull; Eastern Bankshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBC#NASDAQ">EBC</a>) is likely to report quarterly earnings at $0.20 per share on revenue of $129.71 million.
&bull; BayFirst Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAFN#NASDAQ">BAFN</a>) is likely to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ABCB

AMAL

APPF

BAFN

BANC

BHLB

BPOP

CMCSA

CNOB

CUBI

CVRX

FFBC

FFWM

FICO

FISI

FLIC

FRME

FRST

GBCI

GSIT

GURU

HFWA

IBCP

INTC

KLAC

LBAI

LEVI

LKFN

LYTS

MBLY

MOFG

MRTN

MSBI

MYFW

NTCT

OSIS

SBCF

SBFG

STBA

TARO

TBBK

TCBX

TMUS

USCB

VIRT

WSFS

WTBA

Earnings Scheduled For January 25, 2024

RPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) is set to give its latest quarterly earnings report on Thursday, 2024-01-25. Here's what investors need to know before the announcement.
Analysts estimate that RPC will report an earnings per share (EPS) of $0.18. 
RPC bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.16, which was followed by a 5.26% drop in the share price the next day.
Here's a look at RPC's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.24</td>
<td>0.36</td>
<td>0.37</td>
<td>0.29</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>0.30</td>
<td>0.39</td>
<td>0.41</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.26%</td>
<td>-2.14%</td>
<td>-1.76%</td>
<td>-1.04%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706119264_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of RPC were trading at $6.64 as of January 23. Over the last 52-week period, shares are down 27.53%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/RES/earnings">To track all earnings releases for RPC visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

RPC's Earnings Outlook

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the energy sector:</h2>
<ol>
<li>Coterra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRA#NYSE">CTRA</a>) - P/E: 8.96</li>
<li>Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) - P/E: 4.02</li>
<li>Murphy Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUR#NYSE">MUR</a>) - P/E: 9.11</li>
<li>RPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) - P/E: 6.55</li>
<li>ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) - P/E: 8.01</li>
</ol>
This quarter, Coterra Energy experienced an increase in earnings per share, which was $0.39 in Q2 and is now $0.5. The company's most recent dividend yield sits at 2.85%, which has decreased by 0.05% from 2.9% last quarter. 
Petrobras Brasileiro has reported Q3 earnings per share at $0.84, which has decreased by 6.67% compared to Q2, which was 0.9. Murphy Oil's earnings per share for Q3 sits at $1.59, whereas in Q2, they were at 0.79. The company's most recent dividend yield sits at 2.48%, which has decreased by 0.08% from 2.56% last quarter. 
RPC has reported Q3 earnings per share at $0.08, which has decreased by 73.33% compared to Q2, which was 0.3. Most recently, the company reported a dividend yield of 1.84%, which has increased by 0.05% from last quarter's yield of 1.79%.
ProPetro Holding saw a decrease in earnings per share from 0.34 in Q2 to $0.31 now. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

CTRA

PUMP

5 Value Stocks In The Energy Sector

<h3>Understanding Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the energy sector that may be worth watching:</h2>
<ol>
<li>PrimeEnergy Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>) - P/E: 7.79</li>
<li>RPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) - P/E: 6.72</li>
<li>ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) - P/E: 8.29</li>
<li>San Juan Basin Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJT#NYSE">SJT</a>) - P/E: 3.06</li>
<li>SilverBow Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBOW#NYSE">SBOW</a>) - P/E: 2.19</li>
</ol>
This quarter, PrimeEnergy Resources experienced an increase in earnings per share, which was $3.82 in Q2 and is now $4.13. RPC has reported Q3 earnings per share at $0.08, which has decreased by 73.33% compared to Q2, which was 0.3. Its most recent dividend yield is at 1.84%, which has increased by 0.05% from 1.79% in the previous quarter.
Most recently, ProPetro Holding reported earnings per share at $0.31, whereas in Q2 earnings per share sat at $0.34. San Juan Basin Royalty's earnings per share for Q3 sits at $0.08, whereas in Q2, they were at 0.17. The company's most recent dividend yield sits at 2.61%, which has decreased by 0.18% from 2.79% last quarter. 
SilverBow Resources saw an increase in earnings per share from 1.1 in Q2 to $2.94 now. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

PNRG

SBOW

A Look Into Energy Sector Value Stocks

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Ranger Energy Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rngr#NYSE">RNGR</a>)</h3>
<ul>
<li>Ranger Energy Services reported worse-than-expected third-quarter revenue results and issued FY23 revenue guidance below estimates. Stuart Bodden, Ranger&rsquo;s Chief Executive Officer, commented, &quot;In the third quarter of 2023, Ranger continued to deliver strong financial performance despite lower U.S. onshore drilling and completions activity and sustained weakness in the natural gas basins.&quot; The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/RNGR">52-week low of $9.27 </a>.</li>
<li>RSI Value: 26.07</li>
<li>RNGR Price Action: Shares of Ranger Energy Services fell 0.6% to close at $9.92 on Tuesday.</li>
</ul>
<h3>DMC Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/boom#NASDAQ">BOOM</a>)</h3>
<ul>
<li>DMC Global said its board of directors has elected James O&rsquo;Leary as an independent director. It <a href="https://www.benzinga.com/quote/BOOM"> has a 52-week low </a> of $14.82.</li>
<li>RSI Value: 28.21</li>
<li>BOOM Price Action: Shares of DMC Global fell 2.9% to close at $15.58 on Tuesday.</li>
</ul>
<h3>Kimbell Royalty Partners, LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/krp#NYSE">KRP</a>)</h3>
<ul>
<li>Kimbell Royalty Partners posted downbeat earnings for the third quarter. Robert Ravnaas, Chairman and Chief Executive Officer of Kimbell Royalty GP, LLC, Kimbell&#39;s general partner, commented, &quot;We are very pleased to announce another record quarter with new all-time highs set in production, rig count, DUCs and permits.&quot; The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/KRP"> low of $13.85.</a></li>
<li>RSI Value: 28.24</li>
<li>KRP Price Action: Shares of Kimbell Royalty Partners fell 1.5% to close at $15.07 on Tuesday.</li>
</ul>
<h3>RPC, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/res#NYSE">RES</a>)</h3>
<ul>
<li>RPC posted weaker-than-expected results for the third quarter. &quot;RPC&#39;s third quarter 2023 operating results for the majority of our service lines were relatively stable sequentially except for the even weaker than expected decline in pressure pumping,&quot; stated Ben M. Palmer, RPC&#39;s President and Chief Executive Officer. The company&rsquo;s 52-week low is $6.54.</li>
<li>RSI Value: 29.33</li>
<li>RES Price Action: Shares of RPC fell 2.8% to close at $7.19 on Tuesday.</li>
</ul>
&nbsp;
W&amp;T Offshore, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wti#NYSE">WTI</a>)
W&amp;T Offshore posted downbeat earnings for the third quarter. Tracy W. Krohn, W&amp;T&rsquo;s Board Chair and Chief Executive Officer, commented, &ldquo;Our third quarter 2023 saw increased commodity pricing, strong production volumes, operational excellence and cost control which resulted in positive operational and financial results.&rdquo; The company <a href="https://www.benzinga.com/quote/WTI"> has a 52-week low </a> of $3.25.
RSI Value: 29.49
WTI Price Action: Shares of W&amp;T Offshore rose 0.3% to close at $3.31 on Tuesday.
Read More: <a href="https://www.benzinga.com/news/earnings/23/11/35994419/dollar-tree-salesforce-and-3-stocks-to-watch-heading-into-wednesday"> Dollar Tree, Salesforce And 3 Stocks To Watch Heading Into Wednesday </a>

Citigroup analyst Scott Gruber maintains RPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) with a Sell and raises the price target from $7 to $8.

Citigroup Maintains Sell on RPC, Raises Price Target to $8

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Earnings Scheduled For October 25, 2023

RPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) reported quarterly adjusted earnings of $0.08 per share which missed the analyst consensus estimate of $0.24 by 66.67 percent. This is a 75 percent decrease over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $330.40 million which missed the analyst consensus estimate of $378.17 million by 12.63 percent. This is a 28.11 percent decrease over sales of $459.60 million the same period last year.

RPC Q3 Adj EPS $0.08 Misses $0.24 Estimate, Sales $330.40M Miss $378.17M Estimate

<h3>Gainers</h3>
<ul>
<li>Silicon Motion Technology Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/simo#NASDAQ">SIMO</a>) shares climbed 78.9% to $93.40 following a report suggesting China approval of the company&#39;s Maxlinear merger.</li>
<li>Mallinckrodt plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mnk#NYSE">MNK</a>) gained 70% to $0.75. Sources said Mallinckrodt is considering bankruptcy as part of plan to avoid paying money it owes opioid victims, according to the Wall Street Journal.</li>
<li>SCWorx Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/worx#NASDAQ">WORX</a>) surged 50% to $0.3721.</li>
<li>ABVC BioPharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abvc#NASDAQ">ABVC</a>) gained 48.7% to $5.65. ABVC BioPharma signed a term sheet to advance a partnership with Zhonghui United Technology (Zhonghui) Group Co., Ltd. and its affiliated enterprises.</li>
<li>Vicor Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vicr#NASDAQ">VICR</a>) shares climbed 48.3% to $88.12 after the company posted better-than-expected second-quarter results.</li>
<li>Sigma Additive Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sasi#NASDAQ">SASI</a>) gained 47% to $0.2761.</li>
<li>AERWINS Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/awin#NASDAQ">AWIN</a>) shares gained 37.8% to $0.3329 after declining around 7% on Tuesday.</li>
<li>NLS Pharmaceutics AG (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nlsp#NASDAQ">NLSP</a>) climbed 27.3% to $0.9751.</li>
<li>PacWest Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pacw#NASDAQ">PACW</a>) shares gained 25.6% to $9.66 after the company announced a merger with Banc of California. PacWest Bancorp also reported upbeat quarterly earnings.</li>
<li>Teladoc Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdoc#NYSE">TDOC</a>) rose 25.7% to $28.65 following better-than-expected quarterly results.</li>
<li>XPeng Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>) gained 25% to $19.20 after the company and Volkswagen signed a framework agreement for technical collaboration. Volkswagen will acquire 4.99% of Xpeng&#39;s outstanding share capital for $700 million.</li>
<li>Armata Pharmaceuticals, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/armp#NYSE">ARMP</a>) rose 21.3% to $2.39.</li>
<li>Soluna Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slnh#NASDAQ">SLNH</a>) jumped 18.8% to $0.3306.</li>
<li>PROG Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prg#NYSE">PRG</a>) gained 18.8% to $43.11 after the company reported better than expected second-quarter earnings and revised guidance.</li>
<li>Flushing Financial Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffic#NASDAQ">FFIC</a>) gained 18.7% to $16.39. Shares of bank stocks traded higher after Banc of California and PacWest announced a merger agreement.</li>
<li>WW International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ww#NASDAQ">WW</a>) jumped 18.2% to $11.73 after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $5 to $13.</li>
<li>Tilray Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) surged 16.6% to $1.96 following upbeat quarterly sales.</li>
<li>Premier Financial Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pfc#NASDAQ">PFC</a>) rose 14.2% to $21.75. Shares of bank stocks traded higher after Banc of California and PacWest announced a merger agreement.</li>
<li>Lion Group Holding Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lghl#NASDAQ">LGHL</a>) gained 13.4% to $5.14.</li>
<li>Aceragen, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acgn#NASDAQ">ACGN</a>) jumped 13.3% to $0.7140.</li>
<li>Live Oak Bancshares, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lob#NYSE">LOB</a>) rose 12.6% to $34.90 following strong quarterly results.</li>
<li>Invitae Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvta#NYSE">NVTA</a>) surged 11.8% to $1.42.</li>
<li>NIO Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) climbed 10.9% to $13.21.</li>
<li>RPM International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rpm#NYSE">RPM</a>) rose 10.2% to $103.09 after the company reported strong fourth-quarter results.</li>
<li>Western Alliance Bancorporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wal#NYSE">WAL</a>) jumped 10.2% to $51.98.</li>
<li>Union Pacific Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unp#NYSE">UNP</a>) gained 10% to $237.18 after the company reported second-quarter results and named Jim Vena as the new CEO.</li>
<li>Hanesbrands Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hbi#NYSE">HBI</a>) jumped 9.5% to $5.29.</li>
<li>USANA Health Sciences, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usna#NYSE">USNA</a>) gained 8.8% to $69.00 following upbeat quarterly earnings.</li>
<li>Tenable Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tenb#NASDAQ">TENB</a>) rose 8.7% to $47.57 after the company reported better-than-expected third-quarter earnings and issued strong guidance.</li>
<li>Lithia Motors, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lad#NYSE">LAD</a>) gained 8.7% to $317.89 following strong quarterly results.</li>
<li>The Gap, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) rose 7.3% to $9.88 after the company appointed Richard Dickson as President and CEO.</li>
<li>The Boeing Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) jumped 7% to $229.18 after the company reported better-than-expected second-quarter results.</li>
<li>Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) shares rose 6.2% to $129.76 after the company reported better-than-expected second-quarter results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Dunxin Financial Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dxf#NYSE">DXF</a>) shares fell 44.8% to $1.02 after the company reported pricing of $1.09 million registered direct offering.</li>
<li>Carmell Therapeutics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctcx#NASDAQ">CTCX</a>) declined 22.7% to $2.90.</li>
<li>Inpixon (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inpx#NASDAQ">INPX</a>) declined 20% to $0.2284. Inpixon agreed to merge with XTI Aircraft Company.</li>
<li>Euronet Worldwide, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eeft#NASDAQ">EEFT</a>) fell19.7% to $93.88 following weak quarterly sales.</li>
<li>MaxLinear, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mxl#NYSE">MXL</a>) fell 19.2% to $27.49 following a report suggesting China approval of the company&#39;s Silicon Motion merger.</li>
<li>Snap Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snap#NYSE">SNAP</a>) fell 18.8% to $10.16 after the company reported third-quarter results.</li>
<li>Yoshiharu Global Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yosh#NASDAQ">YOSH</a>) shares fell 15.8% to $0.76 after jumping 41% on Tuesday.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) fell 15.3% to $9.51 after the company reported below consensus second-quarter revenue and guided FY23 net loss.</li>
<li>Aurora Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aurc#NASDAQ">AURC</a>) fell 15.2% to $28.45 after jumping over 220% on Tuesday.</li>
<li>Silgan Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slgn#NYSE">SLGN</a>) tumbled 14.5% to $41.75 after posting downbeat results.</li>
<li>Affiliated Managers Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amg#NYSE">AMG</a>) dipped 14.2% to $138.71 following weak quarterly sales.</li>
<li>Sage Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sage#NASDAQ">SAGE</a>) fell 13.7% to $36.12.</li>
<li>Healthcare Services Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcsg#NASDAQ">HCSG</a>) declined 13.3% to $12.74 following downbeat earnings.</li>
<li>AppHarvest, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apph#NASDAQ">APPH</a>) fell 11.7% to $0.0837 after gaining 5% on Tuesday. AppHarvest recently announced Chapter 11 filing to support a financial and operational transition.</li>
<li>Opera Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/opra#NASDAQ">OPRA</a>) fell 10.3% to $16.37. Opera recently filed for a mixed shelf of up to $300 million.</li>
<li>Merit Medical Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mmsi#NASDAQ">MMSI</a>) fell 9.9% to $73.48 after the company issued FY23 EPS guidance with a midpoint below estimates.</li>
<li>Maxeon Solar Technologies, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/maxn#NASDAQ">MAXN</a>) declined 9.7% to $25.64.</li>
<li>Silicon Laboratories Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slab#NASDAQ">SLAB</a>) fell 8.1% to $145.83 following quarterly results.</li>
<li>Markforged Holding Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mkfg#NYSE">MKFG</a>) shares fell 7% to $1.8601. Markforged is expected to release its financial results for the second quarter on Aug. 10, 2023.</li>
<li>RPC, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/res#NYSE">RES</a>) declined 6.7% to $8.35 following weak results.</li>
<li>Universal Health Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uhs#NYSE">UHS</a>) fell 6.3% to $140.22 following second-quarter results.</li>
<li>Texas Instruments Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txn#NASDAQ">TXN</a>) shares declined 5.5% to $175.84 after the company issued third-quarter EPS guidance with a midpoint below estimates.</li>
<li>Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) shares fell 4.6% to $334.88. Microsoft reported better-than-expected earnings and sales results for its fourth quarter, but issued weak sales outlook for the current quarter.</li>
<li>Waste Management, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wm#NYSE">WM</a>) shares slipped 3.5% to $165.59 after the company posted downbeat second-quarter results.</li>
</ul>
&nbsp;
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Why Universal Health Services Shares Are Trading Lower By 6%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

RPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) reported quarterly earnings of $0.30 per share which missed the analyst consensus estimate of $0.36 by 16.67 percent. This is a 36.36 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $415.86 million which missed the analyst consensus estimate of $492.27 million by 15.52 percent. This is a 10.75 percent increase over sales of $375.51 million the same period last year.

RPC Q2 Adj. EPS $0.30 Misses $0.36 Estimate, Sales $415.86M Miss $492.27M Estimate