RPC (RES) Falls: Stock Goes Down 6.4% - Tale of the Tape
RPC Inc. ( RES ) saw a big move last session, as the company's shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $17.73 to $19.08 in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as this oilfield service provider has seen 1 negative revision in the past few weeks. However, its current year earnings consensus has remained flat over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
RES currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Some better-ranked stocks in the same sector include Emerge Energy Services LP Commo ( EMES ), Helix Energy Solutions Group, Inc. ( HLX ) and BP plc ( BP ). All these stocks hold a Zacks Rank #2 (Buy).
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