Goldman Sachs Starts RPC Inc. (RES) at Neutral
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Price: $6.24 -1.42%
Rating Summary:
6 Buy, 18 Hold, 11 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 16 | New: 6
Rating Summary:
6 Buy, 18 Hold, 11 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 16 | New: 6
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Goldman Sachs initiates coverage on RPC Inc. (NYSE: RES) with a Neutral rating and $14 price target.
"We forecast flattish sequential EBITDA in 1H2013 as the company rolls the remaining portion of its contracts to the spot market and works to improve returns on assets relocated to oil-directed plays," the analyst comments. "We see growth accelerating in 2H2013 into 2014 as RES (among others) benefits from the broader recovery of NAM land service stocks."
For an analyst ratings summary and ratings history on RPC Inc. click here. For more ratings news on RPC Inc. click here.
Shares of RPC Inc. closed at $12.09 yesterday.
"We forecast flattish sequential EBITDA in 1H2013 as the company rolls the remaining portion of its contracts to the spot market and works to improve returns on assets relocated to oil-directed plays," the analyst comments. "We see growth accelerating in 2H2013 into 2014 as RES (among others) benefits from the broader recovery of NAM land service stocks."
For an analyst ratings summary and ratings history on RPC Inc. click here. For more ratings news on RPC Inc. click here.
Shares of RPC Inc. closed at $12.09 yesterday.
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