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TheStreet Wire

RPC Stock Gaps Up On Today's Open (RES)

By TheStreet Wire 03/12/12 - 10:52 AM EDT

Find out if (RES) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of RPC (NYSE:RES) were gapping up Monday morning with an open price 53.3% higher than Friday's closing price. The stock closed at $6.98 Friday and opened today's trading at $10.70.

The average volume for RPC has been 1.5 million shares per day over the past 30 days. RPC has a market cap of $2.6 billion and is part of the basic materials sector and energy industry. Shares are down 13.9% year to date as of the close of trading on Friday.

RPC, Inc. The company has a P/E ratio of 7.5, below the average energy industry P/E ratio of 9.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates RPC as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full RPC Ratings Report.

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