RES Stock Summary and Trading Ideas (RPC | NYSE:RES)

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.

RPC trades on the NYSE stock market under the symbol RES.

As of April 19, 2024, RES stock price climbed to $7.96 with 1,165,130 million shares trading.

RES has a beta of 0.01, meaning it tends to be less sensitive to market movements. RES has a correlation of 0.00 to the broad based SPY ETF.

RES has a market cap of $1.71 billion. This is considered a Small Cap stock.

Last quarter RPC reported $395 million in Revenue and $.19 earnings per share. This beat revenue expectation by $24 million and exceeded earnings estimates by $.01.

In the last 3 years, RES stock traded as high as $12.91 and as low as $3.33.

The top ETF exchange traded funds that RES belongs to (by Net Assets): CALF, IJR, VTI, OIH, VB.

RES stock has underperformed the market in the last year with a return of +5.9%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RES shares. However, RES has outperformed the market in the last 3 month and 2 week periods, returning +23.8% and +1.8%, while SPY returned +4.3% and -3.5%, respectively. This indicates RES has been having a stronger performance recently.

RES support price is $7.65 and resistance is $7.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RES stock will trade within this expected range on the day.