P10 (NYSE:RPC) Announces Quarterly Earnings Results

P10 (NYSE:RPC) posted its quarterly earnings data on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02, Zacks reports. The firm had revenue of $81.05 million for the quarter, compared to analysts’ expectations of $79.97 million.

P10 Stock Performance

NYSE RPC traded up $0.26 during trading hours on Friday, reaching $8.76. 569,140 shares of the company were exchanged, compared to its average volume of 541,225. The company has a market capitalization of $963.73 million, a PE ratio of -3.03 and a beta of 0.80. P10 has a 1 year low of $8.15 and a 1 year high of $13.47.

Analysts Set New Price Targets

RPC has been the topic of a number of recent analyst reports. Zacks Research raised shares of P10 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Barclays dropped their target price on shares of P10 from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Strong Buy” and a consensus price target of $11.00.

P10 Company Profile

P10 (NYSE: RPC) is an oilfield services company that provides specialized equipment and field services to upstream oil and gas operators. The company focuses on supplying non‑exclusive, rental and production support products and technical services that help customers complete, produce and maintain wells. Its offerings are designed to support a range of onshore operations, with emphasis on scalable, modular solutions that can be deployed across multiple basins.

Products and services typically include surface and downhole rental tools, completion and production accessories, well intervention and maintenance services, and related operational support.