Want to see RES full AI Analyst Report?
Top Page
RPC
(NYSE:RES)
Select Model
Select Model
Rating:55Neutral
Price Target:
$6.50
▲(5.86% Upside)
Action:Reiterated
Date:07/31/26
The score is primarily held back by weakened profitability/cash-flow efficiency and a clearly bearish price trend (trading below all key moving averages). These risks are partially offset by a strong balance sheet and a cautiously constructive earnings update highlighting sequential margin improvement and solid liquidity, though valuation remains demanding with a high P/E despite the dividend yield.
Positive Factors
Lifecycle service breadth
Coverage across the well lifecycle gives RPC multiple ways to participate in customer spending rather than relying on one narrow service. This breadth can support cross-selling, improve revenue resilience across activity phases, and preserve relevance as operators shift capital between drilling, completion, and production work.
Negative Factors
Severe margin compression
The sharp decline in gross, EBIT, and net margins shows that revenue recovery has not translated proportionately into earnings. Sustained pressure from pricing, mix, or costs would reduce operating resilience, limit internal funding for growth, and make profitability more sensitive to changes in customer activity.
Read all positive and negative factors
Positive Factors
Negative Factors
Lifecycle service breadth
Coverage across the well lifecycle gives RPC multiple ways to participate in customer spending rather than relying on one narrow service. This breadth can support cross-selling, improve revenue resilience across activity phases, and preserve relevance as operators shift capital between drilling, completion, and production work.
Read all positive factors
RPC (RES) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.32B
Dividend Yield2.68%
Average Volume (3M)1.95M
Price to Earnings (P/E)60.5
Beta (1Y)0.87
Revenue Growth25.36%
EPS Growth-59.73%
CountryUS
Employees2,893
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.10
Shares Outstanding221,657,010
10 Day Avg. Volume2,135,428
30 Day Avg. Volume1,950,773
Financial Highlights & Ratios
PEG Ratio-0.56
Price to Book (P/B)1.09
Price to Sales (P/S)0.73
P/FCF Ratio22.55
Enterprise Value/Market Cap0.85
Enterprise Value/Revenue0.63
Enterprise Value/Gross Profit6.66
Enterprise Value/Ebitda5.16
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.24
Revenue Forecast (FY)$1.83B
RPC Business Overview & Revenue Model
Company Description
RPC, Inc. and its subsidiaries serve as a diversified provider of essential oilfield services and equipment, supporting oil and gas companies throughout the exploration, production, and development lifecycle of their energy properties. The company...
How the Company Makes Money
RPC makes money primarily by providing oilfield services and renting/selling oilfield tools and equipment to upstream oil and gas operators (and, in some cases, to other service companies) on a job-by-job or contract basis. Revenue is largely driv...
RPC Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Positive
The call highlighted meaningful margin and adjusted EBITDA improvement, several strong sequential gains in ThruTubing and pressure-control service lines, product/technology adoption (MetalMax, UnPlug) and a solid liquidity position. Offsetting these positives were a modest revenue increase, a sharp sequential decline in wireline (‑16%), limited free cash flow ($4M YTD after CapEx), higher SG&A and bad debt, and continued market uncertainty that constrains pricing and fleet reactivation plans. On balance, operational execution and margin expansion stand out versus the modest top-line growth and select service-line weaknesses.Positive Updates
Sequential Revenue Growth
Total revenues increased 1% sequentially to $461 million, driven by Technical Services (95% of revenues) which was up 1% and Support Services (5% of revenues) which was up 11%.
Negative Updates
Wireline Revenue Decline
Pintail wireline revenues fell 16% sequentially, affected by customer activity reductions and lost crews due to aggressive competitor pricing, highlighting pressure in the wireline market.
Read all updates
Q2-2026 Updates
Positive
Negative
Sequential Revenue Growth
Total revenues increased 1% sequentially to $461 million, driven by Technical Services (95% of revenues) which was up 1% and Support Services (5% of revenues) which was up 11%.
Read all positive updates
Company Guidance
The company’s forward-looking guidance focused on capital allocation and liquidity: RPC raised its 2026 capital expenditure outlook to $170–$190 million (noting some spending may shift into 2027), expects a total of three 2 7/8‑inch-capable coiled‑tubing units by year‑end (two via reel‑trailer upgrades and one Trailblazer unit), has no plans to reactivate frac fleets at current levels, and will continue to adjust spending based on project returns; liquidity stood at approximately $180 million cash with $30 million of notes payable and no borrowings on a $100 million revolver that was amended and extended through June 2031. Year‑to‑date metrics cited to frame guidance included $75 million net cash from operations, $71 million year‑to‑date CapEx, $4 million free cash flow, and $17.7 million of dividend payments (regular cash dividend unchanged at $0.04 per share), while management signaled cautious near‑term activity expectations but potential 2027 tailwinds from easing gas takeaway constraints and more supportive E&P budgets.RPC Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
78
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.79B | 1.63B | 1.41B | 1.62B | 1.60B | 864.93M |
| Gross Profit | 168.93M | 232.49M | 378.35M | 527.96M | 513.65M | 201.67M |
| EBITDA | 218.33M | 220.77M | 221.91M | 362.01M | 365.07M | 78.09M |
| Net Income | 22.83M | 32.08M | 91.44M | 195.11M | 218.36M | 7.22M |
Balance Sheet | ||||||
| Total Assets | 1.46B | 1.47B | 1.39B | 1.31B | 1.13B | 898.63M |
| Cash, Cash Equivalents and Short-Term Investments | 179.47M | 209.97M | 325.98M | 223.31M | 126.42M | 82.43M |
| Total Debt | 51.88M | 95.15M | 32.91M | 27.16M | 30.25M | 46.30M |
| Total Liabilities | 351.01M | 369.21M | 308.20M | 292.01M | 271.28M | 256.84M |
| Stockholders Equity | 1.11B | 1.10B | 1.08B | 1.02B | 857.74M | 641.79M |
Cash Flow | ||||||
| Free Cash Flow | 39.07M | 52.92M | 129.46M | 213.76M | 61.73M | -19.93M |
| Operating Cash Flow | 183.00M | 201.33M | 349.39M | 394.76M | 201.29M | 47.72M |
| Investing Cash Flow | -105.63M | -273.70M | -201.55M | -241.71M | -123.72M | -47.63M |
| Financing Cash Flow | -60.01M | -43.63M | -45.17M | -56.16M | -33.58M | -2.15M |
RPC Technical Analysis
Neutral
6.14
Price Trends
6.11
Negative
6.17
Negative
6.29
Negative
Market Momentum
-0.05
Negative
49.00
Neutral
62.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RES, the sentiment is Neutral. The current price of 6.14 is above the 20-day moving average (MA) of 5.88, above the 50-day MA of 6.11, and below the 200-day MA of 6.29, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 49.00 is Neutral, neither overbought nor oversold. The STOCH value of 62.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RES.
RPC Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
57 Neutral | $3.10B | 25.35 | 6.08% | 1.89% | 2.29% | -43.28% | |
55 Neutral | $1.32B | 60.45 | 2.07% | 2.68% | 25.36% | -59.73% | |
54 Neutral | $1.12B | -81.11 | -1.49% | ― | -15.14% | 92.26% | |
49 Neutral | $139.49M | -0.41 | 73.91% | ― | -4.78% | 22.13% | |
49 Neutral | $107.97M | 1.18 | 514.81% | ― | -7.15% | ― | |
48 Neutral | $844.14M | -1.92 | -56.47% | ― | -16.18% | -32.58% |
* Energy Sector Average
RES
RPC
5.96
1.76
41.77%
PUMP
Propetro Holding
9.09
3.90
75.14%
LBRT
Liberty Energy
19.00
6.89
56.86%
KLXE
KLX Energy Services Holdings
1.32
-0.43
-24.57%
ACDC
ProFrac Holding
4.64
0.89
23.93%
NINE
Nine Energy Service, Inc.
7.74
-0.46
-5.61%
RPC Corporate Events
Executive/Board Changes
RPC boosts executive compensation for CEO and CFO
Neutral
Sep 8, 2026
On September 3, 2026, RPC, Inc.’s Human Capital Management and Compensation Committee approved significant adjustments to the compensation of President and CEO Ben M. Palmer and Vice President and CFO Michael L. Schmit. Palmer’s annual...
Business Operations and StrategyPrivate Placements and Financing
RPC Amends and Extends Long-Term Credit Facility
Positive
Jul 7, 2026
RPC, Inc. is a diversified oilfield services provider supporting the exploration and production sector, with its principal credit obligations fully and unconditionally guaranteed by 100% owned domestic subsidiaries that hold substantially all cons...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.