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RPC Inc (RES.N)

RES.N on New York Stock Exchange

18.78USD
16 Feb 2018
Change (% chg)

$0.34 (+1.84%)
Prev Close
$18.44
Open
$18.27
Day's High
$19.10
Day's Low
$18.27
Volume
340,258
Avg. Vol
339,194
52-wk High
$27.05
52-wk Low
$16.64

Latest Key Developments (Source: Significant Developments)

RPC Inc Posts Q4 Adj. Earnings $0.18/Shr
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - RPC Inc ::RPC, INC. REPORTS FOURTH QUARTER 2017 FINANCIAL RESULTS.Q4 EARNINGS PER SHARE $0.27.Q4 REVENUE $427.3 MILLION VERSUS I/B/E/S VIEW $521.8 MILLION.Q4 EARNINGS PER SHARE VIEW $0.34 -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE $0.18 EXCLUDING ITEMS.DURING Q4 , RECORDED A NET DISCRETE TAX BENEFIT OF $19.3 MILLION AS A COMPONENT OF TAX EXPENSE AS A RESULT OF "TAX CUTS AND JOBS ACT.RPC -EXPECT RECENTLY ENACTED TAX REFORM TO HAVE "MEANINGFUL POSITIVE IMPACT" ON FINANCIAL RESULTS WITH INCREASED EARNINGS,OPERATING CASH FLOW IN 2018​.RPC - BELIEVE HIGHER OIL AND NATURAL GAS PRICES, LARGER MACRO TRENDS IN GLOBAL SUPPLY AND DEMAND, WILL INCREASE CUSTOMERS' ACTIVITIES DURING 2018.  Full Article

RPC Inc Increases Regular Quarterly Cash Dividend By 43 Pct
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - RPC Inc ::RPC, INC. ANNOUNCES 43 PERCENT INCREASE IN REGULAR QUARTERLY CASH DIVIDEND.RPC INC - ‍BOARD OF DIRECTORS DECLARED A 43 PERCENT INCREASE TO REGULAR QUARTERLY CASH DIVIDEND FROM $0.07 PER SHARE TO $0.10 PER SHARE​.  Full Article

RPC Inc announces regular quarterly cash dividend and special year-end cash dividend
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - RPC Inc :RPC, Inc. announces regular quarterly cash dividend and special year-end cash dividend.RPC Inc - ‍Board of Directors declared a regular quarterly cash dividend of $0.07 per share​.RPC Inc - ‍additionally, Board declared a special year-end dividend of $0.07 per share​.  Full Article

RPC, Inc. Reports third quarter 2017 financial results
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Rpc Inc :RPC, Inc. Reports third quarter 2017 financial results.Q3 earnings per share $0.26.Q3 revenue $471 million versus I/B/E/S view $474.4 million.Q3 earnings per share view $0.29 -- Thomson Reuters I/B/E/S.RPC Inc - ‍U.S. domestic rig count increased again during Q3 of 2017, though at a much lower sequential rate than in previous four quarters​.RPC inc - "‍during Q3 RPC began to experience increased labor cost and raw material inflation"​.  Full Article

RPC Q2 loss per share $0.23
Wednesday, 27 Jul 2016 

RPC Inc : Average US domestic rig count during Q2 of 2016 was 420, a decrease of 53.7 percent compared to same period in 2015 . "As we begin Q3, we are submitting more customer proposals and preparing for higher activity levels" . Reports second quarter 2016 financial results . Q2 loss per share $0.23 . Q2 revenue $143 million versus I/B/E/S view $149.4 million . Q2 earnings per share view $-0.23 -- Thomson Reuters I/B/E/S .Continue to project minimal capital expenditures during remainder of 2016.  Full Article

RPC entered into certain amendment to credit agreement with Bank Of America, certain other lenders June 30 - SEC Filing
Friday, 8 Jul 2016 

RPC Inc: On June 30, co entered into certain amendment no. 3 to credit agreement between RPC, Bank Of America NA, certain other lenders - SEC Filing .Amendment reduces amount available for borrowing under credit facility from $125 million to lesser of $125 million.  Full Article

BRIEF-RPC Inc Posts Q4 Adj. Earnings $0.18/Shr

* Q4 REVENUE $427.3 MILLION VERSUS I/B/E/S VIEW $521.8 MILLION