RES RPC Inc

Piper Sandler analyst Derek Podhaizer has raised the price target for RPC, Inc. (NYSE:RES) to $5 from $4, while maintaining an Underweight rating. Despite a challenging 2025, the firm notes the industry's resilience and RPC's sequential revenue growth in Q3 2025, driven by pressure pumping, coiled tubing, and downhole tools. Piper Sandler remains selective for 2026 but sees early signs of improvement, including cyclical tailwinds.

Piper Sandler analyst Derek Podhaizer has raised the firm's price target on RPC, Inc. (NYSE:RES) to $5 from $4 but maintained an Underweight rating. Despite a challenging 2025, the industry showed resilience, with RPC reporting sequential revenue growth, particularly in pressure pumping, coiled tubing, and downhole tools. Piper Sandler sees early signs of improvement for 2026 driven by cyclical tailwinds, though offshore activity is mostly a 2027 story.

RPC Inc. (NYSE: RES) saw its shares climb 4% after reporting strong third-quarter results that surpassed analyst expectations. The company achieved broad-based growth, particularly in its oilfield services segment, driven by increased activity and pricing improvements. This positive performance contributed to significant increases in both revenue and diluted earnings per share.

Congress Asset Management Co. has acquired a new stake in RPC, Inc. (NYSE:RES), purchasing 1,251,826 shares valued at approximately $5.96 million. This investment represents about 0.57% of the oil and gas company. Other hedge funds have also adjusted their holdings in RPC, Inc., while Wall Street analysts maintain a cautious outlook with an average "Reduce" rating for the stock.

Piper Sandler analyst Derek Podhaizer has increased the price target for RPC, Inc. (RES) to $5 from $4, while maintaining an Underweight rating. Despite a challenging 2025, the firm notes the industry's resilience and focus on new growth avenues. Piper Sandler remains selective for 2026 but anticipates cyclical tailwinds, including recovery in Saudi Arabia/Mexico and a bottoming U.S. Land market, with Offshore expected to recover in 2027.

Carolina Wealth Advisors LLC significantly increased its stake in RPC, Inc. (NYSE:RES) by 7,851.8% during the third quarter, now holding 1,277,544 shares valued at $6.08 million. Despite this substantial increase, analyst sentiment remains cautious, with a consensus "Reduce" rating and a target price of $5.00. RPC recently announced a quarterly dividend of $0.04 per share, contributing to an annualized yield of approximately 2.9%.