NYSE:RES

Stock Analysis Report

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Executive Summary

RPC, Inc., through its subsidiaries, provides a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. More Details


Snowflake Analysis

Flawless balance sheet with concerning outlook.


Similar Companies

Share Price & News

How has RPC's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RES is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: RES's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

4.6%

RES

2.0%

US Energy Services

-0.9%

US Market


1 Year Return

-19.7%

RES

-26.7%

US Energy Services

19.6%

US Market

Return vs Industry: RES exceeded the US Energy Services industry which returned -24.9% over the past year.

Return vs Market: RES underperformed the US Market which returned 21% over the past year.


Shareholder returns

RESIndustryMarket
7 Day4.6%2.0%-0.9%
30 Day3.5%9.2%3.0%
90 Day47.3%73.6%11.5%
1 Year-19.7%-19.7%-24.7%-26.7%22.3%19.6%
3 Year-83.8%-84.5%-57.8%-61.1%45.3%35.7%
5 Year-62.7%-64.7%-42.3%-52.5%124.8%99.9%

Long-Term Price Volatility Vs. Market

How volatile is RPC's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is RPC undervalued compared to its fair value and its price relative to the market?

1.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate RES's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate RES's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RES is unprofitable, so we can't compare its PE Ratio to the US Energy Services industry average.

PE vs Market: RES is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RES's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RES is overvalued based on its PB Ratio (1.3x) compared to the US Energy Services industry average (0.9x).


Next Steps

Future Growth

How is RPC forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

88.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RES is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: RES is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: RES is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: RES's revenue (12.5% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: RES's revenue (12.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RES's Return on Equity is forecast to be low in 3 years time (1.6%).


Next Steps

Past Performance

How has RPC performed over the past 5 years?

-3.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RES is currently unprofitable.

Growing Profit Margin: RES is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RES is unprofitable, and losses have increased over the past 5 years at a rate of 3.5% per year.

Accelerating Growth: Unable to compare RES's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RES is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-4%).


Return on Equity

High ROE: RES has a negative Return on Equity (-35.34%), as it is currently unprofitable.


Next Steps

Financial Health

How is RPC's financial position?


Financial Position Analysis

Short Term Liabilities: RES's short term assets ($430.3M) exceed its short term liabilities ($93.3M).

Long Term Liabilities: RES's short term assets ($430.3M) exceed its long term liabilities ($70.1M).


Debt to Equity History and Analysis

Debt Level: RES is debt free.

Reducing Debt: RES has no debt compared to 5 years ago when its debt to equity ratio was 1.9%.

Debt Coverage: RES has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: RES has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is RPC current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RES's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RES's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RES's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RES's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RES is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RES's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average board tenure


CEO

Richard Hubbell (75 yo)

17.75yrs

Tenure

US$1,830,757

Compensation

Mr. Richard A. Hubbell has been the President and Chief Executive Officer of Atlanta, Georgia since March 3, 2009. Mr. Hubbell has been the Chief Executive Officer at RPC, Inc. since April 22, 2003 and has...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD1.83M) is about average for companies of similar size in the US market ($USD2.38M).

Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Richard Hubbell
CEO, President & Director17.75yrsUS$1.83m1.37%
$ 11.2m
Jerry Nix
Lead Independent Directorno datano datano data
Gary Rollins
Chairman of the Board0.42yrUS$72.50k11.55%
$ 94.1m
Harry Cynkus
Independent Director0.42yrno data0.0028%
$ 23.1k
Pamela Rollins
Independent Director2yrsUS$70.00k0.90%
$ 7.4m
Amy Kreisler
Independent Outside Director4.25yrsUS$72.50k1.3%
$ 10.6m
Susan Bell
Independent Directorno datano datano data
Patrick Gunning
Independent Directorno datano datano data

2.0yrs

Average Tenure

72yo

Average Age

Experienced Board: RES's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

RPC, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: RPC, Inc.
  • Ticker: RES
  • Exchange: NYSE
  • Founded: 1984
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: US$814.615m
  • Shares outstanding: 212.69m
  • Website: https://www.rpc.net

Number of Employees


Location

  • RPC, Inc.
  • 2801 Buford Highway NE
  • Suite 300
  • Atlanta
  • Georgia
  • 30329
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RESNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 1984
RLDDB (Deutsche Boerse AG)YesCommon StockDEEURJun 1984

Biography

RPC, Inc., through its subsidiaries, provides a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. Th...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/15 23:28
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.