RES - RPC Inc. Looks to Continue to Trade Above its Annual-High Share Price Today
Shares of RPC Inc. (NYSE:RES) traded at a new 52-week high today of $10.86. So far today approximately 563,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.
RPC Inc. has overhead space with shares priced $10.77, or 7.2% below the average consensus analyst price target of $11.61.
In the past 52 weeks, RPC Inc. share prices are bracketed by a low of $3.33 and a high of $10.86 and is now at $10.77, 223% above that low price.
RPC Inc is an oilfield services company. It provides specialized oilfield services and equipment primarily to independent and major 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 primarily of pressure pumping, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing. Support Services segment consists primarily of drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training and consulting services.
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