Susquehanna analyst Charles Minervino lowered the firm’s price target on RPC, Inc. to $6.50 from $7.50 and keeps a Neutral rating on the shares. The firm updated their estimates following 4Q results and noted they posted solid FCF of $214mn in 2023, which they believe opens up more opportunities to continue expanding its presence in non-pressure pumping service lines.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on RES:
- RPC, Inc. reports Q4 EPS 19c, consensus 18c
- RPC, Inc. Reports Fourth Quarter And Full Year 2023 Financial Results And Declares Regular Quarterly Cash Dividend
- RES Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- RPC, Inc. price target lowered to $6.75 from $7 at Citi
- RPC, Inc. price target lowered to $8 from $9 at Stifel