Checking the Overall Picture for RPC, Inc. (RES)

RPC, Inc. (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 $25.26, up from yesterday’s close by 4.08%. 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

RPC, Inc. (RES) currently trades with a market capitalization of $5.46 Billion. That value represents a market adjusting for revenues that have been growing by 167.79 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $32.39 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.34 on a per share basis this quarter. Perhaps, that suggests something about why 5.76% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, RPC, Inc. recorded a 52-week high of $27.07. It is now trading 1.81% off that level. The stock is trading $24.78 its 50-day moving average by -0.48%. The stock carved out a 52-week low down at $16.58.

In recent action, RPC, Inc. (RES) has made a move of +2.47% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 21.04, and it’s gotten there by action that has been less 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 41.46% with $57.45 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of RES.

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