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RES RPC

RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets.

Company profile

RES stock data

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Calendar

25 Feb 21
18 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from RPC earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 84.5M 84.5M 84.5M 84.5M 84.5M 84.5M
Cash burn (monthly) 20.37M (positive/no burn) 7.22M 25.93M 17.8M (positive/no burn)
Cash used (since last report) 73.45M n/a 26.01M 93.5M 64.18M n/a
Cash remaining 11.04M n/a 58.48M -9M 20.32M n/a
Runway (months of cash) 0.5 n/a 8.1 -0.3 1.1 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Mar 21 Lor Common Stock, $.10 Par Value Sell Dispose S No No 5.1443 150,000 771.65K 82,455,924
24 Mar 21 Rollins Gary W Common Stock, $.10 Par Value Sell Dispose S Yes No 5.1443 150,000 771.65K 82,455,924
22 Mar 21 Lor Common Stock, $.10 Par Value Sell Dispose S No No 5.1206 100,000 512.06K 82,605,924
22 Mar 21 Rollins Gary W Common Stock, $.10 Par Value Sell Dispose S Yes No 5.1206 100,000 512.06K 82,605,924
19 Mar 21 Lor Common Stock, $10 Par Value Sell Dispose S No No 5.405 175,000 945.88K 82,705,924
18 Mar 21 Lor Common Stock, $.10 Par Value Sell Dispose S No No 5.4364 150,000 815.46K 82,880,924

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

24.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 146 138 +5.8%
Opened positions 22 8 +175.0%
Closed positions 14 33 -57.6%
Increased positions 37 56 -33.9%
Reduced positions 56 42 +33.3%
13F shares
Current Prev Q Change
Total value 206.75M 341.23M -39.4%
Total shares 52.75M 54.8M -3.7%
Total puts 0 300 EXIT
Total calls 0 0
Total put/call ratio Infinity
Largest owners
Shares Value Change
BLK Blackrock 9.36M $29.48M +3.5%
Vanguard 6.39M $20.14M -8.5%
Dimensional Fund Advisors 4.25M $13.38M +0.5%
GBL Gamco Investors 3.31M $10.43M -2.6%
Van Eck Associates 3.25M $10.24M +37.6%
Gabelli Funds 2.5M $7.86M -0.4%
NTRS Northern Trust 2.16M $6.8M -0.8%
STT State Street 2.04M $6.43M -0.3%
THB Asset Management 1.2M $3.77M +55.2%
DB Deutsche Bank AG - Registered Shares 1.19M $3.74M -20.3%
Largest transactions
Shares Bought/sold Change
Aristotle Capital Boston 996.08K -1.76M -63.8%
Van Eck Associates 3.25M +888.5K +37.6%
Hotchkis & Wiley Capital Management 0 -810.8K EXIT
Bridgeway Capital Management 787K +787K NEW
22NW 0 -712.56K EXIT
Vanguard 6.39M -596.86K -8.5%
GS Goldman Sachs 1.02M +492.62K +93.0%
THB Asset Management 1.2M +426.08K +55.2%
BAC Bank Of America 29.51K -344.99K -92.1%
BLK Blackrock 9.36M +315K +3.5%

Financial report summary

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Management Discussion
  • Revenues. Revenues in 2020 decreased $624.1 million or 51.1 percent compared to 2019 primarily due to the substantial decline in global demand for oil caused by the combined impact of the OPEC disputes and COVID-19 pandemic. The Technical Services segment revenues in 2020 decreased $589.1 million or 51.4 percent compared to the prior year. The decrease is due primarily to lower activity levels and lower pricing within most of our service lines as compared to the prior year. The Support Services segment revenues in 2020 decreased $35.0 million or 45.6 percent compared to 2019 due primarily to lower activity levels and pricing in the rental tools service line, which is the largest service line within this segment. Technical Services reported an operating loss of $82.5 million during 2020 compared to a loss of $33.0 million in the prior year, while Support Services reported an operating loss of $6.7 million in 2020 compared to income of $10.0 million in the prior year. The average price of oil decreased 30.6 percent and the average price of natural gas decreased 20.9 percent during 2020 compared to the prior year. The average domestic rig count during 2020 was 53.8 percent lower than 2019. International revenues, which decreased from $64.6 million in 2019 to $35.9 million in 2020, were six percent of consolidated revenues in 2020 compared to five percent 2019. International revenues decreased in 2020 primarily due to lower customer activity levels in Argentina, and Canada, partially offset by higher activity in Algeria compared to the prior year. Our international revenues are impacted by the timing of project initiation and their ultimate duration.
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