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.
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RPC: EPS Surprise, Acquisition Opportunities, And Trades At 3x-4x Cash Flow