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RES - RPC: EPS Surprise Acquisition Opportunities And Trades At 3x-4x Cash Flow
RPC Inc.
2024-01-26 23:45:19 ET
Summary
RPC, Inc. expects to introduce a new tier 4 dual-fuel fleet in 2024, which could lead to improved pumping activity and higher quarterly earnings.
The company is actively seeking new acquisitions to bolster its service lines and enhance its growth outlook.
RPC, Inc. has a strong financial position with a significant amount of cash on hand, which could attract investors and potentially lead to new dividends and share buybacks.