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RPC On A Slow Growth Path; But Valuation Is A Concern

Nov. 02, 2021 10:27 AM ETRPC, Inc. (RES) Stock4 Comments
Badsha Chowdhury profile picture
Badsha Chowdhury


  • A Tier 4 dual-fuel pressure pumping fleet addition by the end of Q3 will push RES' topline up in Q4.
  • Although the net effect on pricing can be marginally positive, cost hike will keep the pressure on the operating margin.
  • Low cash flow is a concern, but a clean balance sheet can position it better than many of the leveraged peers.
  • The stock is relatively overvalued at this level.

Fountain fittings of a gas well with high-pressure gate valve handwheels. Oil and Gas drilling rig is in the background. Top drive system of drilling rig.

Alexey Zakirov/iStock via Getty Images

RES Is Moderately Optimistic

RPC, Inc. (NYSE:RES) has begun to realize its journey toward lower carbon-emitting pressure pumping fleets as it recently added another Tier 4 dual fuel pump to its portfolio. In 2021, its positive

This article was written by

Badsha Chowdhury profile picture
I have more than 14 years of experience in analyzing and writing on stocks. I write on both long and short sides in an unbiased manner. I have been covering the energy sectors for the past 7 years, with the primary focus on the oilfield equipment services sector. I also cover the Industrial Supply industry. I occasionally co-author with Seeking Alpha contributor Thomas Prescott.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (4)

Cue Ball profile picture
Old management just collecting a check till retirement .
Cambridge STR profile picture
@Cue Ball much potential for new management to rotate into leadership roles. Perhaps an acquisition could occur, as well. I recall they had some board changes not too long ago.
Cue Ball profile picture
@williamwilliam Major shareholder sells every month . Why ? Because he cannot find a buyer .
Ultra-super buy
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