RPC Inc

Most Recent

  • uploads///IE
    Company & Industry Overviews

    Understanding Fund Generation among Major OFS Companies

    RPC Inc.’s internal cash generation was adequate to cover its external obligations in 2015. Dril-Quip internal cash generation was more than adequate.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Miscellaneous

    What’s Wall Street’s Forecast for NOW Stock?

    Of the analysts tracking NOW (DNOW) on May 23, ~36% recommended “buy” or some equivalent, 64% recommended “hold,” and none recommended “sell.”

    By Alex Chamberlin
  • uploads///Top Returns
    Energy & Utilities

    Ranking the Top 5 OFS Companies by Market Returns

    In 2017, not many companies in the OFS (oilfield equipment and services) industry have had positive returns from the stock market.

    By Alex Chamberlin
  • uploads///Returns
    Earnings Report

    Baker Hughes’ Share Price and Returns after Fiscal 4Q15 Earnings

    In the past year, Baker Hughes’ stock has returned -23% (net of dividends) until January 28. In the past year, BHI has outperformed the VanEck Vectors Oil Services ETF (OIH), which has returned -26.7%.

    By Alex Chamberlin
  • uploads///Historical Valuation
    Company & Industry Overviews

    Explaining Diamond Offshore Drilling’s Historical Valuation

    In the first three quarters of fiscal 2015, Diamond Offshore Drilling’s net debt continued to rise while its share price fell sharply.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Earnings Report

    Wall Street’s Forecasts for Halliburton after Low Fiscal 4Q15 Earnings

    Approximately 81% of analysts tracking Halliburton have rated it a “buy,” whereas approximately 17% of analysts tracking the company have rated it a “hold.”

    By Alex Chamberlin
  • uploads///Top Cover page
    Energy & Utilities

    The Top 5 Oilfield Companies by Net Debt-To-Equity Ratio

    In this series, we’ll analyze the top five OFS (oilfield equipment and service) companies by net debt-to-equity ratio in fiscal 2017.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Basic Materials

    Analysts’ Recommendations for RES, DRQ, WFT, PTEN, and FTK

    Approximately 79% of the Wall Street analysts tracking Patterson-UTI Energy (PTEN) have recommended a “buy” or some equivalent as of May 15.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Consumer

    Wall Street Targets for the Top Free Cash Generating Oilfield Stocks

    In this article, we’ll look at Wall Street analysts’ targets for the oilfield equipment and services (or OFS) stocks that produced the highest free cash flow in 3Q17.

    By Alex Chamberlin
  • uploads///Share Price and Projections
    Company & Industry Overviews

    What Does Nabors Industries Project for 2H16?

    Nabors Industries’ (NBR) management thinks the US energy upstream operators are set to increase drilling-related spending.

    By Alex Chamberlin
  • uploads///Oil Expected
    Macroeconomic Analysis

    Key US Shale Crude Oil Production: Projections for January 2016

    According to its report on December 7, 2015, the EIA expects crude oil production to fall at five key shales by January 2016.

    By Alex Chamberlin
  • uploads///Historical Valuation
    Company & Industry Overviews

    Explaining Nabors Industries’ Historical Valuation

    Nabors Industries’ historical valuation fell from fiscal 2009 until fiscal 2012, then kept rising until fiscal 2014.

    By Alex Chamberlin
  • uploads///Revenue and net Income
    Company & Industry Overviews

    What’s Driving NBR’s Revenue and Earnings?

    Nabors Industries’ revenue was trending upward from fiscal 2Q13 until fiscal 3Q14, when it started falling.

    By Alex Chamberlin
  • uploads///Capex and EBITDA
    Earnings Report

    Will Upstream Operators’ Capex Impact TechnipFMC in Q2 2018?

    In the past year, crude oil has increased ~64%.

    By Alex Chamberlin
  • uploads///Energy MWU_ OFS Gainers
    Energy & Utilities

    Oilfield Service Gainers: IO, RES, TTI, BAS, and AROC

    In this part, we’ll analyze the top percentage gainers in the US oilfield service sector this week.

    By Nicholas Chapman
  • uploads///Broker Recommendations
    Energy & Utilities

    Analysts’ Views on the Lowest Net Debt-To-Equity Oilfield Stocks

    Of the analysts tracking Baker Hughes, a GE company (BHGE), on April 10, 2018, ~47% recommended “buy” or some equivalent and ~53% recommended “hold.”

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Energy & Utilities

    Analysts’ Recommendations: WFT, CRR, RES, FMSA, and SLCA

    Analysts’ consensus target price for U.S. Silica Holdings was ~$38.5 on March 14. U.S. Silica Holdings is trading near $26.3.

    By Alex Chamberlin
  • uploads///SI
    Energy & Utilities

    Short Interest in 2018: WFT, CRR, RES, FMSA, and SLCA

    The short interest in CARBO Ceramics (CRR) as a percentage of its float was 51.2% as of March 14, 2018—compared to 46.0% as of January 1, 2018.

    By Alex Chamberlin
  • uploads///FTK
    Basic Materials

    What Does Flotek Industries’ Forward Valuation Suggest?

    Flotek Industries’ forward EV-to-EBITDA multiple (11.7x) is significantly lower than its current EV-to-EBITDA multiple (~199x).

    By Alex Chamberlin
  • uploads///Energy MWU_ OFS Losers
    Consumer

    ION Geophysical Is Top Loser in Oilfield Services This Week

    In the current week, ION Geophysical (IO) is the top declining stock from the oilfield services sector.

    By Nicholas Chapman
  • uploads///SI
    Consumer

    Short Interest in the Top 5 Oilfield Companies by Free Cash Flow

    Short interest in Schlumberger (SLB) as a percentage of its float was 1.6% as of December 19, 2017, compared to 1.2% as of December 30, 2016.

    By Alex Chamberlin
  • uploads///Correlation Top
    Energy & Utilities

    Did the Best-Performing OFS stocks Take Cues from Crude Oil?

    The correlation coefficient between ION Geophysical’s stock price and crude oil prices from December 30, 2016, to November 20, 2017, was -0.39.

    By Alex Chamberlin
  • uploads///RES
    Energy & Utilities

    Why RPC Is the Third-Best-Performing OFS Stock in 2017

    RPC’s (RES) YTD (year-to-date) returns were nearly 16.5% until November 20, 2017. Its stock price has been relatively stable in the past month.

    By Alex Chamberlin
  • uploads///OFS Gainers WU_
    Energy & Utilities

    Who Were the Biggest Oilfield Services Gainers Last Week?

    In the week ending September 8, 2017, Carbo Ceramics (CRR) was at the top of the list of gainers from the oilfield services group.

    By Nicholas Chapman
  • uploads///US Rig Count
    Macroeconomic Analysis

    How Does the US Rig Count Affect the OFS Industry?

    In September 2008, the overall US rig count hit 2,031, the highest level since July 1987, according to Baker Hughes (BHI).

    By Alex Chamberlin
  • uploads///US Rig Count and Revenue
    Earnings Report

    Will US Rig Counts Affect Weatherford International in 3Q16?

    In the past year, Weatherford International’s (WFT) revenue share from North America has come down.

    By Alex Chamberlin
  • uploads///Utica
    Energy & Utilities

    Why Utica Shale’s Natural Gas Production Rose 28% in One Year

    On September 12, 2016, the EIA’s Drilling Productivity Report estimated that Utica Shale natural gas production reached ~3.6 Bcf per day in August 2016.

    By Alex Chamberlin
  • uploads///Net debt to EBITDA
    Company & Industry Overviews

    Can New Amendments Extend Patterson-UTI Energy’s Credit Commitment?

    Patterson-UTI Energy’s net debt-to-EBITDA Patterson-UTI Energy’s (PTEN) net debt-to-TTM (trailing-12-month) EBITDA (earnings before interest, tax, depreciation, and amortization) trended upward from fiscal 2Q15 through fiscal 2Q16. In 2Q16, Patterson-UTI Energy’s net debt-to-EBITDA was 2.7x, or 208% higher than one year previously. Remember, net debt-to-EBITDA reflects how easily a company can repay its debts from its […]

    By Alex Chamberlin
  • uploads///Net Debt to EBITDA
    Basic Materials

    Will Flotek Industries Reduce Its Debt?

    Flotek Industries’ net debt-to-trailing 12 month adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) rose from 2Q15 to 2Q16.

    By Alex Chamberlin
  • uploads///US Rev and Rig count
    Basic Materials

    Will the US Rig Count Affect Flotek Industries in 3Q16?

    In the past year, Flotek Industries’ revenue share from the United States has fallen. In 2Q16, FTK’s US revenue share fell to 75% compared to 84% in 2Q15.

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Earnings Report

    What Wall Street Is Forecasting for RPC after 2Q16 Earnings

    Approximately 43% of analysts tracking RPC rated it a “buy” or some equivalent. About 43% rated the company a “hold.”

    By Alex Chamberlin
  • uploads///Returns
    Consumer

    RPC Stock Reaction after 2Q16 Earnings Is Mildly Positive

    RPC (RES) released its financial results for fiscal 2Q16 on July 27, 2016. That day, RPC stock reaction was mildly positive, rising 1% from the previous day’s close.

    By Alex Chamberlin
  • uploads///EPS
    Earnings Report

    RPC Beat 2Q16 Earnings Estimates: Was It the Robust Service?

    RPC (RES) released its fiscal 2Q16 financial results on July 27, 2016. Robust service intensity helped earnings exceed analysts’ estimates.

    By Alex Chamberlin
  • uploads///Analyst Recommendations
    Company & Industry Overviews

    The Word on the Street: Analyst Recommendations for Mid-Cap OFS Stocks

    Approximately 69% of analysts tracking Weatherford International recommend a “buy,” while ~23% recommend a “hold.” The rest recommend a “sell.”

    By Alex Chamberlin
  • uploads///Net debt to EBITDA
    Company & Industry Overviews

    Inside the Net Debt-to-EBITDAs of WFT, RES, DRQ, and CLB in 1Q16

    In 1Q16, Dril-Quip’s (DRQ) net debt-to-EBITDA multiple stood at -1.6x, which shows a decline from its multiple of -1.16x in 1Q15.

    By Alex Chamberlin
  • uploads///Correlation
    Company & Industry Overviews

    Understanding Mid-Cap OFS Companies’ Correlations with Crude Oil

    The correlation coefficient between Weatherford International’s stock price and crude from June 2015 to now is the lowest among our four OFS companies.

    By Alex Chamberlin
  • uploads///RV
    Company & Industry Overviews

    A Comparative Valuation of Four Representative OFS Mid-Caps in 2Q16

    Dril-Quip’s EV, when scaled by TTM adjusted EBITDA is the lowest in our group of four OFS companies after 1Q16.

    By Alex Chamberlin
  • uploads///Revenues
    Company & Industry Overviews

    Did RPC, Inc. Lose Revenue More than OFS Peers in 1Q16?

    All four of our select OFS companies—Weatherford International, Core Laboratories, Dril-Quip, and RPC, Inc. (RES)—recorded YoY revenue declines in 1Q16.

    By Alex Chamberlin
  • uploads///Utica
    Macroeconomic Analysis

    Utica Shale’s Natural Gas Production Rose 46% in a Year

    The Utica Shale’s natural gas production reached 3.7 Bcf (billion cubic feet) per day in May 2016. That’s nearly unchanged from production in April 2016.

    By Alex Chamberlin
  • uploads///RV
    Company & Industry Overviews

    How Does RPC, Inc.’s Compare to Peers in Valuation?

    RPC, Inc.’s EV, when scaled by TMM adjusted EBITDA is significantly higher than the peer average. FTI’s EV-to-EBITDA multiple is the lowest in the group.

    By Alex Chamberlin
  • uploads///Segment Revenues
    Company & Industry Overviews

    Inside RPC, Inc.’s Value Drivers

    RPC, Inc.’s Technical Services saw a ~54% one-year revenue fall in 1Q16, whereas Support Services witnessed a ~52% revenue decline during the same period.

    By Alex Chamberlin
  • uploads///Share Price and Projection
    Company & Industry Overviews

    Understanding the Outlook of RPC, Inc.’s Management

    RPC, Inc.’s (RES) management thinks that energy sector economics will get better and that this will benefit the OFS industry in particular.

    By Alex Chamberlin
  • uploads///MA Price
    Company & Industry Overviews

    Why RPC, Inc.’s Share Price Looks to Be Facing Short-term Headwinds

    On May 6, 2016, RPC, Inc.’s (RES) stock was trading at $13.70, which is ~5% lower than its share price one year previously.

    By Alex Chamberlin
  • uploads///Utica
    Macroeconomic Analysis

    Utica Shale Natural Gas Production Soared in March, and Here’s Why

    According to the EIA, the Utica Shale in eastern Ohio has become one of the fastest-growing natural gas producing regions in the United States.

    By Alex Chamberlin
  • uploads///Returns
    Company & Industry Overviews

    Analyzing One-Year Returns for Top Oilfield Services Companies

    Based on the past year’s performance, many of the oilfield equipment and services stocks have underperformed the industry ETF. The slump in the US rig count, which started in October 2014, has negatively affected the OFS sector.

    By Alex Chamberlin
  • uploads///RV
    Company & Industry Overviews

    A Key Valuation Comparison of 4 OFS Mid-Caps in 2015

    RES’s forward EV-to-EBITDA multiple expansion versus its adjusted TTM EV-to-EBITDA is the highest in our peer group of mid-cap OFS companies.

    By Alex Chamberlin
  • uploads///Net debt to EBITDA
    Company & Industry Overviews

    Analyzing the Net-Debt-to-EBITDA Ratios of 4 Major Mid-Cap OFS Companies

    In fiscal 2015, RPC’s (RES) net-debt-to-EBITDA ratio stood at -0.54, down from the 0.34 it saw in 2014. The company’s long-term debt stood at zero in 2015.

    By Alex Chamberlin
  • uploads///Share Price
    Company & Industry Overviews

    Halliburton’s Share Price Is Gathering Strength, and Here’s Why

    As of March 11, Halliburton has had a fair run on the stock market, but the long-pending acquisition of Baker Hughes has been a drag on its price.

    By Alex Chamberlin
  • uploads///Bakken
    Macroeconomic Analysis

    Why February Bakken Crude Oil Production Fell 6.8% Year-over-Year

    On March 7, 2016, the EIA estimated that the Bakken Shale produced 1.1 MMbpd (million barrels per day) of crude oil in February 2016.

    By Alex Chamberlin
  • uploads///Share Price and Projections
    Company & Industry Overviews

    What Does RPC’s Management Think about Its Outlook?

    RPC’s (RES) management thinks that the oilfield services and equipment (or OFS) industry will continue to face challenges in 2016.

    By Alex Chamberlin
  • uploads///MA Price
    Company & Industry Overviews

    Is RPC’s Share Price Gathering Strength?

    RPC is a US-based oil and gas equipment and services company. On February 17, 2016, RPC was trading at $13.64, a 1% fall from its price a year ago.

    By Alex Chamberlin
  • uploads///Utica
    Macroeconomic Analysis

    Why Utica Shale Natural Gas Production Rose 54% in January

    The EIA estimates that Utica Shale natural gas production reached ~3.2 Bcf (billion cubic feet) per day in January 2016. That’s ~2.2% more than production in December 2015 and 54% more than production in January 2015.

    By Alex Chamberlin
  • uploads///Revvenue Growth
    Earnings Report

    Analyzing FMC Technologies’ Growth Drivers

    Since 3Q14, FMC Technologies’ (FTI) revenues have decreased 22% through 3Q15. Lower North America drilling activity decreased FTI’s measurement solutions business, and a strengthening US dollar affected FTI’s revenues negatively during this period.

    By Alex Chamberlin
  • uploads///Segments
    Earnings Report

    Schlumberger: A Look at Management’s Outlook and Strategies

    Energy price recovery is taking longer than Schlumberger’s management had anticipated.

    By Alex Chamberlin
  • uploads///YTD Returns
    Company & Industry Overviews

    Explaining Ensco’s Returns Relative to Its Value Drivers

    Oilfield equipment and services companies like Ensco (ESV) are affected by crude oil and natural gas rig counts and energy prices.

    By Alex Chamberlin
  • uploads///FCF
    Company & Industry Overviews

    Analyzing Ensco’s Free Cash Flow

    Ensco’s cash from operating activities (or CFO) deteriorated in fiscal 3Q15 over fiscal 3Q14. During this period, the company’s operating cash flow decreased 43% to $341 million.

    By Alex Chamberlin
  • uploads///FCF
    Company & Industry Overviews

    Why Transocean’s Free Cash Flows Have Deteriorated

    RIG’s cash from operating activities (or CFO) deteriorated in 3Q15 compared 3Q14. During this period, the company’s operating cash flow fell 26.5% to $648 million.

    By Alex Chamberlin
  • uploads///Target Price
    Company & Industry Overviews

    What Does NOV’s Management Think about Its Outlook?

    NOV’s management indicates that it is actively looking for merger and acquisition opportunities to gain market share when the energy market upturn begins.

    By Alex Chamberlin
  • uploads///Haynesville
    Macroeconomic Analysis

    Haynesville Shale Natural Gas Production Was Up Again in November

    The number of active rigs at the Haynesville Shale was 33 in November 2015, up from 29 in October. A year ago, there were 49 drilling rigs in the region.

    By Alex Chamberlin
  • uploads///Estimated EPS
    Earnings Report

    Halliburton’s 2Q15 Revenues and Earnings Beat Estimates

    In this post, we’ll discuss Halliburton’s 2Q15 revenues and earnings versus analysts’ consensus estimates in depth.

    By Alex Chamberlin
  • uploads///Oil projected
    Macroeconomic Analysis

    Key Shale Crude Oil Production to Fall in August, Says EIA

    According to its Drilling Productivity Report released on July 13, 2015, the EIA expects key shale crude oil production to decrease at four key shales in August and increase at three others.

    By Alex Chamberlin
  • uploads///FCF
    Company & Industry Overviews

    EOG Resources’ Free Cash Flows Turn Negative Again

    Despite a 23% fall in 1Q15 capex, EOG Resources’ free cash flow crashed. It was -$585 million in 1Q15 versus $104 million in free cash flow for 4Q14.

    By Alex Chamberlin
  • uploads///Onshore rigs
    Macroeconomic Analysis

    Onshore Rigs Rise July 2 Week: Is Onshore Activity Rebounding?

    During the week ending July 2, 2015, the US land-based, or onshore, rig count rose by two from the previous week’s count. Last week, there were 833 onshore rigs.

    By Alex Chamberlin
  • uploads///Onshore rigs
    Macroeconomic Analysis

    US Onshore Rigs Rose Last Week: Is It the Bottom?

    During the week ending June 26, the US onshore rig count rose by one from the previous week’s count. Last week, there were 831 onshore rigs.

    By Alex Chamberlin
  • uploads///Onshore
    Macroeconomic Analysis

    US Onshore Rigs Play a Balancing Act across the US

    During the week ending June 19, 2015, the US land-based, or onshore, rig count didn’t change from the previous week’s count—there were 830 land-based rigs.

    By Alex Chamberlin
  • uploads///P OFS
    Macroeconomic Analysis

    C&J Energy Services and RPC: Last Week’s Sectoral Standouts

    In our selected set of companies, not one oilfield equipment and services company saw a loss. Within this winning sector, there were two standouts.

    By Manas Chowgule, CFA
    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.