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Citi Sticks to Its Hold Rating for RPC (RES)
Citi analyst Scott Gruber maintained a Hold rating on RPC yesterday and set a price target of $4.75. The company’s shares closed yesterday at $4.71.
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According to TipRanks, Gruber is a 5-star analyst with an average return of 10.7% and a 54.56% success rate. Gruber covers the Energy sector, focusing on stocks such as Valaris, Noble Corporation, and APA.
RPC has an analyst consensus of Hold, with a price target consensus of $4.85.
Based on RPC’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $420.81 million and a net profit of $10.15 million. In comparison, last year the company earned a revenue of $364.15 million and had a net profit of $32.42 million
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