Barclays Has Lowered Expectations for P10 (NYSE:RPC) Stock Price

P10 (NYSE:RPC) had its target price lowered by equities researchers at Barclays from $13.00 to $11.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 26.44% from the company’s previous close.

Separately, Zacks Research upgraded P10 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $11.00.

P10 Stock Up 2.4%

Shares of NYSE RPC opened at $8.70 on Friday. The stock has a market capitalization of $957.09 million, a P/E ratio of 48.33 and a beta of 0.80. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. P10 has a fifty-two week low of $8.15 and a fifty-two week high of $13.47.

P10 (NYSE:RPC) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. P10 had a return on equity of 26.05% and a net margin of 6.86%.The firm had revenue of $81.05 million during the quarter, compared to the consensus estimate of $79.97 million.

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.