(Note: RPC, Inc. is scheduled to release earnings results on Wednesday January 29.)
RPC, Inc (NYSE:RES) is primarily a U.S. land-based oil and gas equipment and service provider that is closely held (70% owned by Chairman Randall Rollins and family interests) allowing for a unique longer-term vision in a highly cyclical industry. From mid-'09 through 2011, the shifts from vertical to horizontal drilling and gas rigs to oil rigs, generated a massive increase in production and correlating earnings for oil field service (OFS) providers. The large increase in profits attracted new capital for equipment additions and incipient small players that created competitive pricing and eventual overcapacity which defined the last two years, in which industry-wide margins declined,...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|