RPC, INC.
In the published model solve dated 2026-Q2, anchored at $5.77, RPC, INC. (RES) is priced for +17.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
RPC is a deeply cyclical oilfield-services company trading at $6.57 near a trough in the frac cycle. Operating margin sits around 2 percent, far below mid-cycle, so the methods that capitalize current earnings look harsh while the price reflects an eventual recovery. The balance sheet is the cushion. RPC carries roughly $180 million of net cash with only about $21 million of gross debt, which for an oilfield-services name is unusual financial strength and lets it ride out the down cycle and fun
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213 institutional managers reported holding RES in 13F filings for the quarter ended 2026-03-31. Together they hold about 45% of the company; the top 10 hold 28%. 28 opened new positions that quarter. Held by BlackRock, Dimensional Fund Advisors, Vanguard Group, among others. On the short side, 8.8M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (6.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
RES's share count is about flat over the past five years ($38.27M of repurchases, offset by issuance). It pays a dividend, and has for 4 years running; the current rate is $0.16 a share annually. Cash returned over the past three years: $95.67M in dividends and $26.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at RES over the trailing three years. Absence is a fact about the company, not a signal. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
RES's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-29 | -7.9% | +9.8% |
| 2023-10-27 | -4.6% | -13.7% |
| 2024-02-29 | +7.4% | -10.4% |
| 2024-04-26 | -10.1% | -12.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
RES's latest 8-K filings: 2026-07-30 (items 2.02, 9.01); 2026-07-07 (items 1.01, 2.03, 9.01); 2026-06-23 (items 5.02, 7.01, 9.01); 2026-05-07 (items 2.02, 9.01); 2026-04-30 (items 5.02, 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.