Just the Facts on RPC, Inc. (RES)

RPC, Inc. (NYSE:RES) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Equipment & Services. The stock has been active on the tape, currently trading at $21.28, up from yesterday’s close by -0.37%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. RPC, Inc. (RES) currently trades with a market capitalization of $4.63B. That value represents a market adjusting for revenues that have been falling by -39.80% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For RES, the company currently has $139.09M of cash on the books, which is offset by $0.00 current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $166.86M over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -0.14 on a per share basis this quarter. Perhaps, that suggests something about why 26.40% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how has been acting. Looking at the stock’s movement on the chart, RPC, Inc. recorded a 52-week high of 22.28. It is now trading 0.92 off that level. The stock is trading 20.41 its 50-day moving average by -0.95. The stock carved out a 52-week low down at 9.73.

In recent action, RPC, Inc. (RES) has made a move of +4.78% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 78.34, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 67.70M with 51.76% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of RES.

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