RPC Inc

Latest RPC Inc News and Updates

  • 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
    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///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///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
    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///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 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///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///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///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///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///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///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///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///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///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
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