NYSE:RESEnergy Services
RPC (RES) Is Down 5.7% After Earnings Miss And Fraud Probe News - What's Changed
Recently, RPC, Inc. reported weaker-than-expected fourth-quarter and full-year 2025 results, including an 18% sequential decline in Support Services revenue driven by a 22% drop in rental tools demand, prompting a securities fraud investigation by the Portnoy Law Firm.
At the same time, easing geopolitical tensions between the U.S. and Iran pushed crude prices lower, weighing on oilfield services sentiment and compounding concerns already raised by RPC's softer Support Services...