P10 (NYSE:RPC) Posts Earnings Results, Beats Expectations By $0.02 EPS

P10 (NYSE:RPC) posted its quarterly earnings results on Thursday. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02, Zacks reports. The company had revenue of $81.05 million during the quarter, compared to the consensus estimate of $79.97 million.

P10 Trading Up 2.1%

P10 stock traded up $0.18 during mid-day trading on Friday, hitting $8.68. The company had a trading volume of 893,025 shares, compared to its average volume of 550,209. The firm has a market cap of $954.93 million, a PE ratio of -3.00 and a beta of 0.80. P10 has a 12-month low of $8.15 and a 12-month high of $13.47.

Analyst Ratings Changes

Several analysts have recently commented on the company. Zacks Research upgraded P10 from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Barclays decreased their price target on P10 from $13.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Strong Buy” and a consensus target price of $11.00.

About P10

P10 (NYSE: RPC) is an oilfield services company that provides specialized equipment and field services to upstream oil and gas operators. The company focuses on supplying non‑exclusive, rental and production support products and technical services that help customers complete, produce and maintain wells. Its offerings are designed to support a range of onshore operations, with emphasis on scalable, modular solutions that can be deployed across multiple basins.

Products and services typically include surface and downhole rental tools, completion and production accessories, well intervention and maintenance services, and related operational support.