RPC Inc 2018 Q2 Big Money Sentiment Better Than Expected, now at 0.82

November 10, 2018 - By Ash Bar

RPC Inc’s Sentiment

“Big money sentiment for RPC Inc (NYSE:RES) in 2018 Q2 decreased to 0.82, according to SEC.gov filings. So its down -0.28, from 2018Q1’s 1.1. 100 institutional investors opened new or increased holdings, while 122 decreased and sold their stakes in RPC Inc so the sentiment turned negative. Funds own 66.20 million shares, down from 76.88 million shares in 2018Q1. Funds holding RPC Inc in top 10 decreased from 1 to 0 for a decrease of 1. In total 60 funds closed positions, 62 reduced and 61 increased. Also 39 funds bought new RPC Inc stakes.

Largest RPC Inc Investors

As of 2018 Q2 Mraz Amerine & Associates Inc. has 1.75% invested in RPC Inc. RPC Inc’s shareholder South Street Advisors Llc owns 352,250 shares as of 2018 Q2. Moreover, Alphaone Investment Services Llc reported 286,460 shares in RPC Inc equivalent to 1.2% of its fund’s portfolio. The Massachusetts-based fund Aristotle Capital Boston Llc have invested about 0.62% of the active investment manager’s stock portfolio in RPC Inc. The Massachusetts-based fund Eagle Boston Investment Management Inc looks positive on RPC Inc, having 448,350 shares.

RPC, Inc. provides a range of oilfield services and equipment for gas and oil companies involved in the exploration, production, and development of gas and oil properties in the United States, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, and the Middle East.The company has $2.97 billion market cap. The firm operates in two divisions, Technical Services and Support Services.The P/E ratio is 13.18. The Technical Services segment offers pressure pumping, fracturing, acidizing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing services that are used in the completion, production, and maintenance of gas and oil wells.

RES touched $13.84 during the last trading session after $0.36 change.RPC, Inc. has volume of 1.29M shares. Since November 10, 2017 RES has declined 33.23% and is downtrending. RES underperformed by 48.85% the S&P500.

Swiss National Bank & Trust owns 113,100 shs for 0% of their capital. Morgan Stanley holds 0% of its capital in RPC, Inc. (NYSE:RES) for 1.05 million shs. Tiaa Cref Invest Ltd has 243,276 shs for 0% of their capital. Envestnet Asset Management invested 0% in RPC, Inc. (NYSE:RES). Wellington Ltd Liability Partnership stated it has 0% of its capital in RPC, Inc. (NYSE:RES). Moneta Grp Inc Inc Inv Ltd has invested 0% of its capital in RPC, Inc. (NYSE:RES). Tudor Investment Et Al holds 0.04% or 82,979 shs in its capital. Brandywine Global Inv Mngmt Lc accumulated 330,547 shs. New Jersey-based Landscape Cap Mgmt Ltd Limited Liability Company has invested 0.03% in RPC, Inc. (NYSE:RES). Jupiter Asset Management Ltd owns 193,149 shs or 0.08% of their US capital. Pub Employees Retirement Of Ohio owns 0% invested in RPC, Inc. (NYSE:RES) for 26,858 shs. Gsa Cap Prns Limited Liability Partnership holds 0.03% of its capital in RPC, Inc. (NYSE:RES) for 38,400 shs. Amer Int Gp Inc has invested 0% in RPC, Inc. (NYSE:RES). Eagle Boston Invest Inc, Massachusetts-based fund reported 448,350 shs. Balyasny Asset Mngmt Llc owns 218,552 shs for 0.01% of their capital.

RPC, Inc. had 1 sale and 0 insider purchases since May 17, 2018. This’s net activity of $270,425.

RPC, Inc. (NYSE:RES) Ratings Coverage

In total 6 analysts cover RPC (NYSE:RES). “Buy” rating has 0, “Sell” are 1, while 5 are “Hold”. (NYSE:RES) has 0 bullish analysts. 8 are the (NYSE:RES)’s ratings reports on 10 Nov 2018 according to StockzIntelligence Inc. On Monday, July 9 the rating was maintained by Citigroup with “Neutral”. The company rating was downgraded by SunTrust on Thursday, August 30. On Friday, September 14 Citigroup maintained RPC, Inc. (NYSE:RES) rating. Citigroup has “Neutral” rating and $14 target. On Thursday, October 25 the company was maintained by Credit Suisse. On Thursday, October 11 Morgan Stanley maintained the shares of RES in report with “Underweight” rating. On Thursday, July 26 the stock of RPC, Inc. (NYSE:RES) has “Neutral” rating given by Credit Suisse. On Thursday, August 9 BMO Capital Markets downgraded RPC, Inc. (NYSE:RES) to “Market Perform” rating.

RPC, Inc. (NYSE:RES) Institutional Investors Chart

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