RPC, Inc.
(Public, NYSE:RES) 12.75 a share / Target price 18.00
RPC, Inc. (RPC) provides a range of specialized oilfield services and equipment to independent and oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest and Rocky Mountain regions, and in selected international markets. The services and equipment provided include, among others, pressure pumping services, snubbing services (referred to as hydraulic workover services), coiled tubing services, nitrogen services, the rental of drill pipe and other specialized oilfield equipment, downhole tool rental services and firefighting and well control. RPC acts as a holding company for its operating units, Cudd Energy Services, Patterson Rental and Fishing Tools, Bronco Oilfield Services, Thru Tubing Solutions, Well Control School and others. RPC’s service lines are aggregated into two oil and gas services business
segments: Technical Services and Support Services. RPC is in SmarTrend's Oil & Gas- Equipment and Services
industry and this industry is currently in a Downtrend according to our research. We are monitoring many
other
stocks on the move within this industry. upwards earnings estimates.reloading at a 30% discount.
When we have to drill and I mean DRILL, this company is well placed and already in position to profit on the Gulf of Mexico, TX, LA, OK. I think they have the model to make great profits. The only question is the price of Oil when it turns winter up north. Despite the increasing efforts to become independent on oil, we must face the fact that oil is not going anywhere in the short term and I would rather invest in a company that was a supplier to the oil companies than the oil
companies themselves...Oil and oil services are sadly not going anywhere for quite a while. With booming markets in Asia, demand for RPC's product will only expand. As long as management can handle the load, I expect good things from RPC. Long term Play ...
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