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Piper Sandler Sticks to Their Sell Rating for RPC (RES)

Tipranks - Tipranks - Tue Feb 10, 6:42AM CST

In a report released today, Derek Podhaizer from Piper Sandler maintained a Sell rating on RPC, with a price target of $5.00.

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According to TipRanks, Podhaizer is a 5-star analyst with an average return of 18.8% and a 67.88% success rate. Podhaizer covers the Energy sector, focusing on stocks such as Halliburton, Helmerich & Payne, and RPC.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for RPC with a $5.67 average price target.

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Based on RPC’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $425.78 million and a GAAP net loss of $3.06 million. In comparison, last year the company earned a revenue of $335.36 million and had a net profit of $12.76 million

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