In a recent development for RPC, Inc. (RES, Financial), Piper Sandler has initiated coverage on the stock. Analyst Derek Podhaizer has rated the stock as "Underweight". This initiation reflects the current market outlook and the analyst's assessment of the company's position.
Alongside the "Underweight" rating, Piper Sandler has announced a price target of USD 5.00 for RPC, Inc. (RES, Financial). This marks the first set price target for the company by this analyst, as there was no prior target to compare against.
The initiation date for this coverage was July 15, 2025, and the action was made public via the NYSE where RPC, Inc. (RES, Financial) is listed. Investors and market watchers are likely to monitor how this new coverage affects the stock's performance and market perception in the upcoming periods.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for RPC Inc (RES, Financial) is $6.15 with a high estimate of $8.00 and a low estimate of $4.75. The average target implies an upside of 28.53% from the current price of $4.79. More detailed estimate data can be found on the RPC Inc (RES) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, RPC Inc's (RES, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for RPC Inc (RES, Financial) in one year is $7.90, suggesting a upside of 65.1% from the current price of $4.785. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the RPC Inc (RES) Summary page.
