RPC, Inc. (NYSE:RES) is expected to report third quarter earnings results, before market open, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.09 per share.
Looking ahead, the full year loss are expected at $ 0.33 per share on the revenues of $ 525.97 million.
Previous Quarter Performance
RPC, Inc. reported loss for the second quarter of $ 0.10 per share, from the revenue of $ 89.30 million. The consensus estimates are loss of $ 0.14 per share from $ 102.09 million in revenue. The bottom line results beat street analysts by $ 0.04 or 28.57 percent, at the same time, top line results fell short of analysts by $ 12.79 million or 12.53 percent.
Stock Performance
Shares of RPC, Inc. traded up $ 0.01 or 0.38 percent on Tuesday, reaching $ 2.65 with volume of 410.90 thousand shares. RPC, Inc. has traded high as $ 2.69 and has cracked $ 2.57 on the downward trend
According to the previous trading day, closing price of $ 2.65, representing a 53.49 % increase from the 52 week low of $ 1.72 and a 50.65 % decrease over the 52 week high of $ 5.35.
The company has a market capital of $ 570.08 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Conference Call
RPC, Inc. will be hosting a conference call at 9:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.rpc.net
RPC, Inc., through its subsidiaries, provides a range of oilfield services and equipment for the oil and gas companies involved in the exploration, production, and development of oil and gas properties. The company operates through Technical Services and Support Services segments. The Technical Services offers pressure pumping, fracturing, acidizing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, pump down, and fishing services that are used in the completion, production, and maintenance of oil and gas wells.
