RPC, Inc. (NYSE:RES) major shareholder Lor Inc sold 125,000 shares of the business’s stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $4.23, for a total value of $528,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Lor Inc also recently made the following trade(s):
- On Tuesday, June 22nd, Lor Inc sold 120,000 shares of RPC stock. The stock was sold at an average price of $5.54, for a total value of $664,800.00.
Shares of RES opened at $3.85 on Wednesday. The stock’s 50-day moving average is $4.01 and its two-hundred day moving average is $4.91. The stock has a market cap of $830.54 million, a PE ratio of -21.39 and a beta of 2.13. RPC, Inc. has a 12 month low of $2.23 and a 12 month high of $7.43.
Separately, Citigroup upgraded RPC from a “sell” rating to a “neutral” rating in a research note on Monday, September 13th.
RPC Company Profile
RPC, Inc engages in the exploration, production and development of oil and gas properties. It operates through the following segments: Technical Services and Support Services. The Technical Services segment provides oil and gas, fracturing, acidizing, coiled tubing, snubbing, nitrogen, well control, wireline and fishing services.
Featured Article: What Are Cryptocurrencies?
Receive News & Ratings for RPC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPC and related companies with MarketBeat.com's FREE daily email newsletter.