Company profile

Ticker
RES
Exchange
Website
CEO
Richard A. Hubbell
Employees
Incorporated in
Location
Fiscal year end
Former names
RPC Energy Services Inc
SEC CIK
IRS number
581550825

RES stock data

(
)
FINRA relative short interest over last month (20 trading days) ?

Calendar

8 May 20
6 Jun 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 243.78M 236M 293.24M 358.52M
Net income -160.42M -23.36M -69.18M 6.17M
Diluted EPS -0.76 -0.11 -0.33 0.03
Net profit margin -65.81% -9.90% -23.59% 1.72%
Operating income -218.71M -27.88M -92.64M 8.39M
Net change in cash 32.62M 500K 1.88M -65.37M
Cash on hand 82.65M 50.02M 49.52M 47.64M
Cost of revenue 181.94M 176.88M 225.23M 265.09M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.22B 1.72B 1.6B 728.97M
Net income -87.11M 175.4M 162.51M -141.25M
Diluted EPS -0.41 0.82 0.75 -0.66
Net profit margin -7.13% 10.19% 10.19% -19.38%
Operating income -114.29M 210.03M 226.22M -238.94M
Net change in cash -66.24M 25.21M -40.79M 66.64M
Cash on hand 50.02M 116.26M 91.05M 131.84M
Cost of revenue 919.6M 1.18B 1.05B 607.89M

Financial data from RPC earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
28 Jan 20 Ben M Palmer Common Stock, $.10 Par Value Payment of exercise Dispose F 4.59 1,971 9.05K 726,305
28 Jan 20 Hubbell Richard A Common Stock, $.10 Par Value Payment of exercise Dispose F 4.59 3,386 15.54K 2,915,344
28 Jan 20 Rollins R Randall Common Stock, $.10 Par Value Payment of exercise Dispose F 4.59 3,386 15.54K 1,068,606
28 Jan 20 Hubbell Richard A Common Stock, $.10 Par Value Grant Aquire A 0 100,000 0 2,918,730
28 Jan 20 Ben M Palmer Common Stock, $.10 Par Value Grant Aquire A 0 67,000 0 728,276
27 Jan 20 Hubbell Richard A Common Stock, $.10 Par Value Payment of exercise Dispose F 4.41 4,490 19.8K 2,818,730
27 Jan 20 Ben M Palmer Common Stock, $.10 Par Value Payment of exercise Aquire F 4.41 1,929 8.51K 661,276
30.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 170 188 -9.6%
Opened positions 16 28 -42.9%
Closed positions 34 31 +9.7%
Increased positions 52 60 -13.3%
Reduced positions 61 60 +1.7%
13F shares
Current Prev Q Change
Total value 342.23M 781.66M -56.2%
Total shares 65.08M 68.14M -4.5%
Total puts 42.1K 98.1K -57.1%
Total calls 1.57M 1.73M -9.2%
Total put/call ratio 0.0 0.1 -52.7%
Largest owners
Shares Value Change
BLK BlackRock 8.61M $17.73M +2.1%
Vanguard 6.79M $13.99M +4.3%
Alliancebernstein 4.15M $8.55M -35.6%
Dimensional Fund Advisors 3.93M $8.1M +22.8%
Van Eck Associates 3.08M $6.35M +49.5%
GBL Gamco Investors, Inc. Et Al 2.8M $5.77M -1.2%
Gabelli Funds 2.44M $5.03M -3.2%
Aristotle Capital Boston 2.42M $4.99M -1.8%
NTRS Northern Trust 2.23M $4.59M +0.2%
DB Deutsche Bank 2.17M $4.48M +29.6%
Largest transactions
Shares Bought/sold Change
Alliancebernstein 4.15M -2.29M -35.6%
Van Eck Associates 3.08M +1.02M +49.5%
FHI Federated Hermes 1.17M +964.31K +459.3%
AMP Ameriprise Financial 645.63K -840.2K -56.5%
Citadel Advisors 805.14K -776.12K -49.1%
Dimensional Fund Advisors 3.93M +730.92K +22.8%
Millennium Management 330.13K -632.7K -65.7%
Norges Bank 0 -568.08K EXIT
BCS Barclays 126.56K -546.45K -81.2%
DB Deutsche Bank 2.17M +496.89K +29.6%

Financial report summary

?
Management Discussion
  • Revenues. Revenues in 2019 decreased $498.6 million or 29.0 percent compared to 2018. The Technical Services segment revenues in 2019 decreased $501.7 million or 30.5 percent compared to the prior year. The decrease is due primarily to lower activity levels and lower pricing in several of our service lines as compared to the prior year. The Support Services segment revenues in 2019 increased $3.1 million or 4.2 percent compared to 2018 due primarily to improved 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 $33.0 million during 2019 compared to a profit of $216.7 million in the prior year, while Support Services reported an operating income of $10.0 million in 2019 compared to $4.6 million in the prior year. The average price of oil decreased 12.5 percent and the average price of natural gas decreased 19.2 percent during 2019 compared to the prior year. The average domestic rig count during 2019 was 8.6 percent lower than 2018. International revenues, which decreased from $90.4 million in 2018 to $64.6 million in 2019, were five percent of consolidated revenues in both 2019 and 2018. International revenues decreased in 2019 primarily due to lower customer activity levels in Argentina and to a lesser extent, Canada and Gabon, 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.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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