|Bid||10.46 x 900|
|Ask||10.71 x 900|
|Day's Range||10.33 - 11.82|
|52 Week Range||9.35 - 20.18|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||12.99|
|Earnings Date||Apr 23, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||0.40 (3.51%)|
|1y Target Est||10.87|
Dubai, April 24, 2019 -- Moody's Investors Service ("Moody's") has assigned a corporate family rating (CFR) of Ba1 and has withdrawn Fortress REIT Limited's ("Fortress") long-term Baa3 issuer rating, in line with the rating agency's practice for corporates with non-investment-grade ratings. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com. Concurrently, Moody's has assigned a long term CFR national scale rating of Aa3.za and has withdrawn Fortress' long-term Aa1.za national scale issuer rating.
Shares of RPC Inc. tumbled 10% in morning trade Wednesday, enough to pace all NYSE decliners, after the oil and gas services company slashed its dividend in half and missed first-quarter earnings and revenue expectations. The company said the new dividend of 5 cents a share, down from 10 cents, will be payable June 10 to shareholders of record on May 10. "In light of the uncertainty in the oilfield market, this reduced dividend strengthens our capital structure and enhances our ability to maintain a conservative balance sheet," RPC said in a statement. The dividend cuts lowers the implied dividend yield to 1.74% from 3.48%, compared with the implied yield for the S&P 500 of 1.95%. Separately, the company reported a first-quarter net loss of $739,000, or $0.00 on a per-share basis, compared with earnings of $13.4 million, or 6 cents a share, a year ago, as revenue fell to $334.7 million from $376.8 million amid lower pricing and activity levels. The FactSet consensus was for earnings per share of 3 cents and revenue of $350.4 million. Cost of revenue increased to 75.4% of revenue from 67.7% or revenue a year ago. The stock has shed 38% over the past 12 months, while the VanEck Oil Services ETF has lost 32% and the S&P 500 has gained 11%.
RPC (RES) delivered earnings and revenue surprises of -100.00% and -3.04%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Atlanta-based company said it had a loss of less than 1 cent. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. ...
ATLANTA , April 24, 2019 /PRNewswire/ -- RPC, Inc. (NYSE: RES) today announced its unaudited results for the first quarter ended March 31, 2019 . RPC provides a broad range of specialized oilfield services ...
ATLANTA , April 24, 2019 /PRNewswire/ -- RPC, Inc. (NYSE: RES) announced today that its Board of Directors reduced the quarterly cash dividend from $0.10 per share to $0.05 per share. The dividend will ...
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. We'll use ROE to examine RPC, Inc. (NYSE:RES), by...
RPC (RES) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HM Revenue & Customs has been accused of carelessness when issuing disputed tax orders associated with avoidance schemes after a freedom of information request revealed that the UK government authority had withdrawn 10 per cent of such demands. There is no right of appeal to the tax tribunal and recipients can only make representations against the notice to HMRC. The freedom of information request, made by law firm RPC in March, revealed that 8,600 of the 81,000 notices issued since 2014 had been withdrawn, with 2,600 cancelled last year alone.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! While it may not be enough for some shareholders, we think it is good to see the RPC, Inc. (NYSE:RES) share price up 22% i...
ATLANTA , April 1, 2019 /PRNewswire/ -- RPC, Inc. (NYSE: RES) announced today that it will release its financial results for the first quarter ended March 31, 2019 on Wednesday, April 24, 2019 before the ...
ATLANTA , April 1, 2019 /PRNewswire/ -- RPC, Inc. (NYSE: RES) announced today that during the First Quarter of 2019 it purchased 55,942 shares under its share repurchase program. RPC provides a broad range ...
RPC Group agreed to the higher takeover offer of 793 pence per share in cash in early March, ditching a lower bid from private equity firm Apollo Global Management LLC. Berry's comments come after analysts said the market was hoping for a higher offer. Berry said on Friday it reserves the right to increase the offer if another party comes with an offer or a possible offer for RPC.
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as RPC, Inc. (NYSE:RES) with a market-capitalization of US$2.1b, rarely draw their attention. However, history shows that overlookedRead More...
RPC, Europe's biggest plastic packaging group, said on Friday it had revoked support for Apollo's offer in favour of Berry Global and said its directors would recommend shareholders to vote in favour of the new offer. Berry's offer of 793 pence in cash for each RPC share is 1.4 percent higher than Apollo's offer, and represents a premium of 3.5 percent to RPC's closing price on Jan. 30, the last day before Berry said it was weighing a bid for RPC.
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! The goal of this article is to teach you howRead More...
"Today's action reflects our view that Fortress' liquidity is weakening given the current level of debt maturing in the next 12-18 months and that access to equity or bond markets has not been tested since the launch of the FSCA investigation last year" says Lahlou Meksaoui, a Moody's Lead Analyst. Fortress has ZAR5.0 billion of debt maturing in the next 18 months including ZAR1.3 billion of bonds. In a press release dated 6 December 2018, the South African Financial Sector Conduct Authority ("FSCA") has indicated that its investigation on possible insider trading and price manipulation on Fortress shares is on-going, no guidance on the timing of a resolution has been provided.