RPC, Inc. (RES) To Go Ex-Dividend on February 10th

RPC, Inc. (NYSE:RES) announced a quarterly dividend on Wednesday, January 28th. Investors of record on Tuesday, February 10th will be paid a dividend of 0.04 per share by the oil and gas company on Tuesday, March 10th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, February 10th.

RPC has raised its dividend by an average of 0.0%annually over the last three years. RPC has a dividend payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect RPC to earn $0.45 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 35.6%.

RPC Stock Performance

NYSE:RES opened at $5.79 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.31 and a current ratio of 3.24. The stock has a market capitalization of $1.28 billion, a PE ratio of 38.60 and a beta of 0.72. RPC has a fifty-two week low of $4.10 and a fifty-two week high of $6.85. The company has a fifty day moving average of $5.85 and a two-hundred day moving average of $5.17.

RPC (NYSE:RES) last released its earnings results on Tuesday, February 3rd. The oil and gas company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). RPC had a return on equity of 5.24% and a net margin of 1.97%.The company had revenue of $425.78 million for the quarter, compared to analysts’ expectations of $423.30 million. During the same period in the prior year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, research analysts forecast that RPC will post 0.31 earnings per share for the current fiscal year.

About RPC

RPC, Inc (NYSE: RES) provides essential equipment and services to companies engaged in the exploration, production and maintenance of oil and natural gas wells. The firm operates as an equity interest holding company, partnering with a network of independent service businesses to deliver a comprehensive suite of offerings for well completion and production operations.

Through its affiliated service companies, RPC offers pressure pumping and fracturing services, coiled tubing and nitrogen pumping, downhole tools and telemetry solutions, well intervention and workover services, along with rental tools and supply-chain logistics.