RPC Inc (RES) Declares $0.04 Quarterly Dividend; 2.8% Yield
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RPC Inc. (RES) PT Raised to $8 at Stifel
July 29, 2024 4:30 PM EDTStifel analyst Stephen D. Gengaro raised the price target on RPC Inc. (NYSE: RES) to $8.00 (from $7.00) while maintaining a Hold rating.
The analyst comments "Stronger-than-expected non-pressure Pumping revenue (+7.9% sequentially) partially offset a 17% reduction in pressure pumping revenue, resulting in a 3.6% sequential revenue drop. Importantly, higher-than-expected... More
