News Recap: RPC, Inc. (NYSE: RES)

On Thursday, RPC, Inc. (NYSE: RES) spotted trading -69.37% off 52-week high price. On the other end, the stock has been noted 7.64% away from the low price over the last 52-weeks. The stock changed 0.43% to recent value of $4.65. The stock transacted 3989951 shares during most recent day however it has an average volume of 3049.71K shares. The company has 211.78M of outstanding shares and 56.1M shares were floated in the market.

RPC, Inc. (RES) recently reported its unaudited results for the third quarter ended September 30, 2019. RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States and in selected international markets.

For the quarter ended September 30, 2019, revenues were $293.2M, a decrease of 33.4 percent, contrast with $440.0M in the third quarter of 2018. Revenues reducedBecause of lower activity levels and slightly lower pricing within most of RPC’s service lines. Operating loss for the third quarter of 2019 was $92.6M contrast to operating profit of $54.6M in the same period of the previous year. Adjusted operating loss for the third quarter of 2019 was $21.0M.2 Net loss for the third quarter of 2019 was $69.2M, or $0.33 loss per share, contrast to net income of $50.0M, or $0.23 diluted earnings per share, in the third quarter of 2018. Adjusted net loss for the third quarter of 2019 was $18.0M, or $0.08 adjusted loss per share.1 Earnings before interest, taxes, depreciation and amortization (EBITDA) for the third quarter was  negative $48.9M, contrast to EBITDA of $97.8M in the same period of the previousyear.3 Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) for the third quarter was $22.8M.3

For the nine months ended September 30, 2019, revenues reduced to $986.4M contrast to $1.34B in the same period last year. Net loss for the nine-month period was $63.7M, or $0.30 loss per share, contrast to net income of $162.0M, or $0.75 diluted earnings per share in the same period last year. Adjusted net loss for the nine-month period was $12.5M, or $0.06 adjusted loss per share.1

Cost of revenues during the third quarter of 2019 was $225.2M, or 76.8 percent of revenues, contrast to $300.9M, or 68.4 percent of revenues, during the third quarter of 2018. Cost of revenues reduced, consistent with lower activity levels, Because of lower materials and supplies expenses, employment costs, and other expenses that vary with activity levels. Cost of revenues as a percentage of revenues increased Because of lower activity levels, increasingly competitive pricing for our services, and labor cost inefficiencies.

Its earnings per share (EPS) expected to touch remained 22.50% for this year while earning per share for the next 5-years is expected to reach at # ref. RES has a gross margin of 27.60% and an operating margin of 5.30% while its profit margin remained 4.50% for the last 12 months.   According to the most recent quarter its current ratio was 3.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -7.08% from the mean of 20 days, -13.66% from mean of 50 days SMA and performed -44.02% from mean of 200 days price. Company’s performance for the week was 2.20%, -11.09% for month and YTD performance remained -52.89%.

 

Willard Shelton

Willard Shelton – Technology My name is Willard Shelton, I have worked for the stock market industry for 4 years. Technology news grasp my attention the most. In early days, I started my journey with an ordinary author. Moving forward with great hard work and passion I achieve a higher position. As I believe in working hard and putting the soul in my work, I have accomplished so much success and place in Journalnewsbulletin.com, and now I have confidence in this, that I am the spin of this network. I have a vision of touching the sky. I wish to see this industry on a global scale one day. My other duties are that I am a contributor and an editor of the technology segment. My work is to do a critical analysis of companies and pick out the most significant information for investor network.

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