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RES

RPC NYSE:RES Stock Report

Last Price

US$6.93

Market Cap

US$1.5b

7D

8.8%

1Y

32.3%

Updated

30 Sep, 2022

Data

Company Financials +
RES fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance2/6
Financial Health6/6
Dividends0/6

RES Stock Overview

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.

RPC Competitors

Price History & Performance

Summary of all time highs, changes and price drops for RPC
Historical stock prices
Current Share PriceUS$6.93
52 Week HighUS$12.91
52 Week LowUS$3.82
Beta1.62
1 Month Change-12.83%
3 Month Change-0.29%
1 Year Change32.25%
3 Year Change32.25%
5 Year Change-69.99%
Change since IPO1,488.67%

Recent News & Updates

Aug 24
RPC, Inc. (NYSE:RES) Shares Could Be 45% Below Their Intrinsic Value Estimate

RPC, Inc. (NYSE:RES) Shares Could Be 45% Below Their Intrinsic Value Estimate

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of RPC, Inc. ( NYSE:RES...

Jul 29
New Forecasts: Here's What Analysts Think The Future Holds For RPC, Inc. (NYSE:RES)

New Forecasts: Here's What Analysts Think The Future Holds For RPC, Inc. (NYSE:RES)

RPC, Inc. ( NYSE:RES ) shareholders will have a reason to smile today, with the analysts making substantial upgrades to...

Shareholder Returns

RESUS Energy ServicesUS Market
7D8.8%2.0%-2.5%
1Y32.3%4.8%-23.2%

Return vs Industry: RES exceeded the US Energy Services industry which returned 8.1% over the past year.

Return vs Market: RES exceeded the US Market which returned -21.5% over the past year.

Price Volatility

Is RES's price volatile compared to industry and market?
RES volatility
RES Average Weekly Movement11.2%
Energy Services Industry Average Movement9.1%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.8%

Stable Share Price: RES is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: RES's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
19842,250Ben Palmerhttps://www.rpc.net

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. The company operates through Technical Services and Support Services segments. The Technical Services segment offers pressure pumping, fracturing, acidizing, cementing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells.

RPC Fundamentals Summary

How do RPC's earnings and revenue compare to its market cap?
RES fundamental statistics
Market CapUS$1.48b
Earnings (TTM)US$78.65m
Revenue (TTM)US$1.15b

18.8x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RES income statement (TTM)
RevenueUS$1.15b
Cost of RevenueUS$841.00m
Gross ProfitUS$312.69m
Other ExpensesUS$234.04m
EarningsUS$78.65m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.37
Gross Margin27.10%
Net Profit Margin6.82%
Debt/Equity Ratio0%

How did RES perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

n/a

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is RES undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RES?

Other financial metrics that can be useful for relative valuation.

RES key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA8.2x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does RES's PE Ratio compare to its peers?

RES PE Ratio vs Peers
The above table shows the PE ratio for RES vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average46.1x
AROC Archrock
31x15.8%US$999.1m
NEX NexTier Oilfield Solutions
41x60.3%US$1.8b
CLB Core Laboratories
71.5x73.0%US$624.5m
WTTR Select Energy Services
40.8x74.9%US$796.1m
RES RPC
18.8x27.2%US$1.5b

Price-To-Earnings vs Peers: RES is good value based on its Price-To-Earnings Ratio (18.8x) compared to the peer average (46.1x).


Price to Earnings Ratio vs Industry

How does RES's PE Ratio compare vs other companies in the US Energy Services Industry?

Price-To-Earnings vs Industry: RES is good value based on its Price-To-Earnings Ratio (18.8x) compared to the US Energy Services industry average (25.7x)


Price to Earnings Ratio vs Fair Ratio

What is RES's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RES PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.8x
Fair PE Ratio21.2x

Price-To-Earnings vs Fair Ratio: RES is good value based on its Price-To-Earnings Ratio (18.8x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).


Share Price vs Fair Value

What is the Fair Price of RES when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RES ($6.93) is trading below our estimate of fair value ($15.48)

Significantly Below Fair Value: RES is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is RPC forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RES's forecast earnings growth (27.2% per year) is above the savings rate (1.9%).

Earnings vs Market: RES's earnings (27.2% per year) are forecast to grow faster than the US market (14.7% per year).

High Growth Earnings: RES's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RES's revenue (16.2% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: RES's revenue (16.2% 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 high in 3 years time (21.5%)


Discover growth companies

Past Performance

How has RPC performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-36.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RES has a high level of non-cash earnings.

Growing Profit Margin: RES became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: RES has become profitable over the past 5 years, growing earnings by -36.8% per year.

Accelerating Growth: RES has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: RES has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (44.1%).


Return on Equity

High ROE: RES's Return on Equity (11.3%) is considered low.


Discover strong past performing companies

Financial Health

How is RPC's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: RES's short term assets ($583.2M) exceed its short term liabilities ($173.2M).

Long Term Liabilities: RES's short term assets ($583.2M) exceed its long term liabilities ($85.2M).


Debt to Equity History and Analysis

Debt Level: RES is debt free.

Reducing Debt: RES had no debt 5 years ago.

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


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.15%

Current Dividend Yield

Dividend Yield vs Market

RPC Dividend Yield vs Market
How does RPC dividend yield compare to the market?
SegmentDividend Yield
Company (RPC)1.2%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Energy Services)2.3%
Analyst forecast in 3 Years (RPC)0.4%

Notable Dividend: RES's dividend (1.15%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: RES's dividend (1.15%) is low compared to the top 25% of dividend payers in the US market (4.7%).


Stability and Growth of Payments

Stable Dividend: RES's dividend payments have been volatile in the past 10 years.

Growing Dividend: RES's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: RES is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

0.3yrs

Average management tenure


CEO

Ben Palmer (62 yo)

no data

Tenure

US$733,150

Compensation

Mr. Ben M. Palmer is President, Chief Executive Officer & Director of Marine Products Corporation from May 17, 2022. He serves as Treasurer at Cudd Energy Services, Inc. Mr. Palmer had been Chief Financial...


CEO Compensation Analysis

Ben Palmer's Compensation vs RPC Earnings
How has Ben Palmer's remuneration changed compared to RPC's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$79m

Mar 31 2022n/an/a

US$32m

Dec 31 2021US$733kUS$450k

US$7m

Sep 30 2021n/an/a

-US$15m

Jun 30 2021n/an/a

-US$37m

Mar 31 2021n/an/a

-US$61m

Dec 31 2020US$706kUS$375k

-US$212m

Sep 30 2020n/an/a

-US$225m

Jun 30 2020n/an/a

-US$278m

Mar 31 2020n/an/a

-US$247m

Dec 31 2019US$1mUS$450k

-US$87m

Sep 30 2019n/an/a

-US$51m

Jun 30 2019n/an/a

US$68m

Mar 31 2019n/an/a

US$121m

Dec 31 2018US$1mUS$450k

US$174m

Sep 30 2018n/an/a

US$217m

Jun 30 2018n/an/a

US$224m

Mar 31 2018n/an/a

US$208m

Dec 31 2017US$1mUS$385k

US$160m

Sep 30 2017n/an/a

US$82m

Jun 30 2017n/an/a

-US$13m

Mar 31 2017n/an/a

-US$105m

Dec 31 2016US$885kUS$375k

-US$141m

Sep 30 2016n/an/a

-US$158m

Jun 30 2016n/an/a

-US$154m

Mar 31 2016n/an/a

-US$140m

Dec 31 2015US$948kUS$375k

-US$100m

Compensation vs Market: Ben's total compensation ($USD733.15K) is below average for companies of similar size in the US market ($USD5.59M).

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


Leadership Team

Experienced Management: RES's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: RES's board of directors are not considered experienced ( 2.9 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.


Recent Insider Transactions

NYSE:RES Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
22 Jun 22SellUS$4,767,026RFT Investment Company, LLCCompany645,223US$7.51
08 Jun 22SellUS$1,176,846RFT Investment Company, LLCCompany124,687US$9.44
07 Jun 22SellUS$7,629,346RFT Investment Company, LLCCompany807,978US$9.50
03 Jun 22SellUS$90,391,377RFT Investment Company, LLCCompany3,616,293US$185.12
03 Jun 22SellUS$7,449,840RFT Investment Company, LLCCompany801,685US$9.32
01 Jun 22SellUS$11,945,350RFT Investment Company, LLCCompany1,250,000US$9.56
27 May 22SellUS$4,127,482RFT Investment Company, LLCCompany446,016US$9.29
25 May 22SellUS$5,072,763RFT Investment Company, LLCCompany564,879US$9.14
23 May 22SellUS$4,910,535RFT Investment Company, LLCCompany553,713US$9.01
24 Mar 22SellUS$713,713RFT Investment Company, LLCCompany70,000US$10.20
24 Mar 22SellUS$2,387,719Rollins Holding Company, Inc.Company229,785US$10.39
23 Mar 22SellUS$7,734,898Rollins Holding Company, Inc.Company765,000US$10.32
21 Mar 22SellUS$6,931,469Rollins Holding Company, Inc.Company685,000US$10.40
21 Mar 22SellUS$6,931,469Rollins Holding Company, Inc.Company685,000US$10.40
17 Mar 22SellUS$8,458,005Rollins Holding Company, Inc.Company865,000US$9.86
17 Mar 22SellUS$8,458,005Rollins Holding Company, Inc.Company865,000US$9.86
02 Dec 21SellUS$564,694RFT Investment Company, LLCCompany140,000US$4.05
30 Nov 21SellUS$1,031,705RFT Investment Company, LLCCompany250,000US$4.18
19 Nov 21SellUS$1,137,892RFT Investment Company, LLCCompany270,000US$4.33
17 Nov 21SellUS$1,149,740RFT Investment Company, LLCCompany240,000US$4.98
15 Nov 21SellUS$757,035RFT Investment Company, LLCCompany150,000US$5.10
11 Nov 21SellUS$926,655RFT Investment Company, LLCCompany175,000US$5.32
09 Nov 21SellUS$950,715RFT Investment Company, LLCCompany175,000US$5.46
04 Nov 21SellUS$1,049,620RFT Investment Company, LLCCompany200,000US$5.31
02 Nov 21SellUS$1,089,040RFT Investment Company, LLCCompany200,000US$5.48

Ownership Breakdown

What is the ownership structure of RES?
Owner TypeNumber of SharesOwnership Percentage
General Public8,244,6243.9%
Individual Insiders34,231,65416.0%
Private Companies83,052,03438.9%
Institutions87,830,23241.2%

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


Top Shareholders

Top 25 shareholders own 88.68% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
36.93%
LOR, Inc.
78,801,255$546.1m0%no data
11.32%
Gary Rollins
24,150,413$167.4m0%no data
7.76%
RFA Management Company, LLC
16,566,274$114.8m0%30.32%
5.5%
BlackRock, Inc.
11,732,139$81.3m1.38%no data
3.97%
The Vanguard Group, Inc.
8,463,745$58.7m0.77%no data
3.51%
Van Eck Associates Corporation
7,496,936$52.0m-22.18%0.11%
2.59%
GAMCO Investors, Inc.
5,533,583$38.3m-0.92%0.16%
2.5%
Dimensional Fund Advisors LP
5,339,148$37.0m8.21%0.01%
1.88%
State Street Global Advisors, Inc.
4,014,594$27.8m21.41%no data
1.5%
Millennium Management LLC
3,203,185$22.2m219.39%0.03%
1.48%
RFT Investment Company, LLC
3,160,819$21.9m0%no data
1.43%
Richard Hubbell
3,048,536$21.1m2.52%no data
1.29%
Amy Kreisler
2,759,863$19.1m0%no data
1.24%
Ma-Ran Foundation., Endowment Arm
2,643,001$18.3m0%no data
0.9%
Pamela Rollins
1,925,610$13.3m0%no data
0.9%
Victory Capital Management Inc.
1,918,362$13.3m-5.1%0.01%
0.69%
Timothy Rollins
1,475,538$10.2m-13.57%no data
0.56%
Geode Capital Management, LLC
1,188,777$8.2m-0.5%no data
0.53%
Deutsche Asset & Wealth Management
1,127,092$7.8m0.04%no data
0.42%
Goldman Sachs Asset Management, L.P.
900,414$6.2m671.36%no data
0.37%
Ben Palmer
799,762$5.5m12.68%no data
0.35%
Voloridge Investment Management, LLC
749,027$5.2m264.34%0.03%
0.35%
Northern Trust Global Investments
746,879$5.2m6.53%no data
0.35%
BNY Mellon Asset Management
737,881$5.1m-1.15%no data
0.34%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
723,623$5.0m147.52%no data

Company Information

RPC, Inc.'s 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
  • Implied Market Cap: US$1.479b
  • Shares outstanding: 213.36m
  • 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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.