RPC Offers Margin Of Safety, And Well Supported Dividends
RPC, Inc. operates oilfield services and equipment companies in the US and internationally, focusing on value creation and growing profitability. The company's technical and support services cater to oil and gas companies, with pressure pumping and downhole tools being major revenue drivers. RPC has increased profitability, capital efficiency, and free cash flow generation, with its current operations valued significantly lower than its market capitalization, providing a margin of safety for investors.
RPC (RES) Q2 Earnings Outpace Estimates, Revenues Lag
RPC (RES) Q2 earnings gain on higher activity within rental tools and lower cost of revenues. However, a soft environment for pressure pumping negatively impacts the top line.
RPC (RES) Q2 Earnings Surpass Estimates
RPC (RES) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.30 per share a year ago.
Factors Likely to Decide the Fate of RPC (RES) in Q2 Earnings
Lower contributions from the Technical Services business unit are likely to have hurt RPC's (RES) Q2 earnings.
