RPC’s YTD returns
RPC’s (RES) YTD (year-to-date) returns were nearly 16.5% until November 20, 2017. Since December 30, 2016, RPC has underperformed the US rig count and the Dow Jones Industrial Average (DJIA-INDEX). During this period, it has outperformed the Energy Select Sector SPDR ETF (XLE), the VanEck Vectors Oil Services ETF (OIH), and the SPDR S&P 500 ETF (SPY).
RPC’s stock price has been relatively stable in the past month. Since October 20, 2017, RPC has risen 1.3%.
Revenues and earnings in 9M17
From 4Q16 through 3Q17, RPC’s revenues rose 113%. Its net income also turned around to a $57 million profit in 3Q17 from a $21 million net loss in 4Q16. Its free cash flows also switched to positive in 3Q17—compared to its negative free cash flows in 4Q16. RPC has had negative net debt in the past seven quarters due to zero total debt and a positive cash balance.
In the next part, we’ll compare McDermott International’s (MDR) YTD returns with market indicators and analyze its fundamental metrics.