A Closer Look at 4 Analyst Recommendations For RPC
Portfolio Pulse from Benzinga Insights
RPC Inc. (NYSE:RES) has been analyzed by four analysts over the last quarter, revealing mixed sentiments. The average 12-month price target has dropped by 13.44% to $6.44. Analysts from Stifel, Susquehanna, and Citigroup have lowered their ratings and price targets. RPC faces challenges in revenue growth but shows strong net margins and efficient asset management.
July 16, 2024 | 9:01 pm
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RPC Inc. (NYSE:RES) has seen a 13.44% drop in the average 12-month price target to $6.44. Analysts from Stifel, Susquehanna, and Citigroup have lowered their ratings and price targets, reflecting mixed sentiments. The company faces challenges in revenue growth but shows strong net margins and efficient asset management.
The drop in the average price target and the lowering of ratings by multiple analysts indicate a bearish short-term outlook for RPC. The company's revenue decline and below-average ROE further support this negative sentiment, despite strong net margins and efficient asset management.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100