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Piper Sandler Sticks to Its Sell Rating for RPC (RES)
Piper Sandler analyst Derek Podhaizer maintained a Sell rating on RPC today and set a price target of $5.00.
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According to TipRanks, Podhaizer is a 5-star analyst with an average return of 26.3% and a 71.18% success rate. Podhaizer covers the Energy sector, focusing on stocks such as Helmerich & Payne, Innovex International, and Atlas Energy Solutions.
Currently, the analyst consensus on RPC is a Moderate Sell with an average price target of $6.25.
Based on RPC’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $454.76 million and a net profit of $855 thousand. In comparison, last year the company earned a revenue of $332.88 million and had a net profit of $12.03 million
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