RPC Inc. (RES) PT Raised to $27 at FBR Capital Following 3Q

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RPC, Inc. Reports Third Quarter 2017 Financial Results

October 25, 2017 6:45 AM EDT

ATLANTA, Oct. 25, 2017 /PRNewswire/ -- RPC, Inc. (NYSE: RES) today announced its unaudited results for the third quarter ended September 30, 2017.  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 September 30, 2017, revenues increased by 167.8 percent to $471.0 million compared to $175.9 million in the third quarter of last year.  Revenues increased compared to the prior year due to higher activity... More

RPC, Inc. Announces Regular Quarterly Cash Dividend and Special Year-End Cash Dividend

October 25, 2017 6:45 AM EDT

ATLANTA, Oct. 25, 2017 /PRNewswire/ -- RPC, Inc. (NYSE: RES) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.07 per share.  Additionally, the Board declared a special year-end dividend of $0.07 per share.  Both dividends are payable December 11, 2017 to common stockholders of record at the close of business on November 10, 2017.

"The decision of our Board of Directors to reinstate a regular quarterly dividend and declare a second consecutive special year-end dividend represents a tangible way to reward our shareholders for their long-term interest in our company," stated Richard... More