RES - RPC Inc. Will Need Considerable Efforts To Beat The Headwind
RES Is Still Under Pressure
RPC, Inc. (RES) provides specialized oilfield services and equipment primarily to the E&P producers in the U.S. and the international markets. Considering the challenges currently faced by the oilfield servicing companies, I do not think the stock will produce positive returns in the short-to-medium term. The excess supply of the pressure pumping equipment and the upstream capex spend decline will continue to affect hydraulic fracturing activity, which is likely to keep the pricing for pressure pumping services depressed in the near-term. The lack of visibility into upstream operators'