Morgan Stanley Upgrades RPC Inc. (RES) to Overweight

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Go back to Morgan Stanley Upgrades RPC Inc. (RES) to Overweight

RPC, Inc. Reports Fourth Quarter 2015 Financial Results

January 27, 2016 6:50 AM EST

ATLANTA, Jan. 27, 2016 /PRNewswire/ -- RPC, Inc. (NYSE: RES) today announced its unaudited results for the fourth quarter ended December 31, 2015.  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 December 31, 2015 revenues decreased 57.6 percent to $268.1 million compared to $632.2 million in the fourth quarter of last year.  Revenues decreased compared to the prior year due to lower activity... More