RPC, Inc. Reports Fourth Quarter 2017 Financial Results

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Go back to RPC, Inc. Reports Fourth Quarter 2017 Financial Results

RPC Inc. (RES) PT Lowered to $24 at Cowen

January 25, 2018 6:11 AM EST

Cowen lowered its price target on RPC Inc. (NYSE: RES) to $24.00 (from $28.00) while maintaining a Market Perform rating.

Analyst Marc Bianchi commented, "RES underperformed the OIH by 1,000bps following a disappointing 4Q where EBITDA missed by ~50%. While issues affecting the quarter... More