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Why Has RPC Underperformed the Industry This Year?

Alex Chamberlin
Why Has RPC Underperformed the Industry This Year?

RPC’s (RES) YTD returns were -24.6% as of May 15. During this period, RPC underperformed the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) (up 12.8%), the VanEck Vectors Oil Services ETF (OIH) (9.2% returns), and the SPDR S&P 500 ETF (SPY) (1.6% returns). XOP represents the energy industry in the oil and gas exploration and production segment. So far, RPC has underperformed the US rig count this year (up ~12%).