That was a big kick in the groin! It will probably take 3-4 to see $17 again! Just went the stock was showing some positive movement we get a 12%+ loss...Managements talk about 2 qtr will be better, didn't impress the markets.
The scary part is that the quarter was clean - no adjustments. So until oil / nat gas prices start going up investors should get used to earning $0.16 / share each quarter. If the oil / nat gas prices go down then it will be painful. You can bet on a dividend reduction (How long can RPC pay $0.10 / share when they make only $0.16 / share and spend $$50MM in CAPEX each quarter???)