Trade-Ideas: RPC (RES) Is Today's

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified RPC ( RES) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified RPC as such a stock due to the following factors:

  • RES has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $16.6 million.
  • RES has traded 100,594 shares today.
  • RES is down 3.1% today.
  • RES was up 6.3% yesterday.

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More details on RES:

RPC, Inc. provides oilfield services and equipment for oil and gas companies engaged in the exploration, production, and development of oil and gas properties in the United States, Africa, Canada, China, Eastern Europe, Latin America, the Middle East, and New Zealand. The stock currently has a dividend yield of 2%. RES has a PE ratio of 23.6. Currently there are 2 analysts that rate RPC a buy, 1 analyst rates it a sell, and 4 rate it a hold.

The average volume for RPC has been 696,900 shares per day over the past 30 days. RPC has a market cap of $4.6 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.50 and a short float of 7.1% with 5.85 days to cover. Shares are up 25.3% year-to-date as of the close of trading on Friday.

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RPC (RES) Flagged As Strong On High Volume