tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

RPC Board Director Plans Exit as Dividend Declared

Story Highlights
RPC Board Director Plans Exit as Dividend Declared

Claim 50% Off TipRanks Premium

RPC ( (RES) ) has issued an announcement.

On January 27, 2026, RPC, Inc. director Jerry W. Nix informed the board that he will not stand for reelection at the company’s 2026 annual meeting of stockholders, though he will continue to serve through the meeting as Lead Independent Director, chairman of the Human Capital Management and Compensation Committee and the Nominating and Corporate Governance Committee, and as a member of the Audit Committee; the company emphasized that his decision was not due to any disagreement over its operations, policies or practices, signaling an orderly board transition rather than governance turmoil. On January 28, 2026, RPC announced that its board declared a regular quarterly cash dividend of $0.04 per share, payable on March 10, 2026 to shareholders of record as of February 10, 2026, underscoring the company’s continuing capital return to investors and suggesting confidence in its ongoing financial position within the oilfield services sector.

The most recent analyst rating on (RES) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on RPC stock, see the RES Stock Forecast page.

Spark’s Take on RES Stock

According to Spark, TipRanks’ AI Analyst, RES is a Neutral.

RPC’s overall stock score reflects a mixed outlook. Strong technical momentum and a robust balance sheet are offset by high valuation and challenges in profitability and cash flow. The neutral sentiment from the earnings call further tempers the outlook.

To see Spark’s full report on RES stock, click here.

More about RPC

RPC, Inc. is a provider of specialized oilfield services and equipment to independent and major oil and gas companies, focusing on exploration, production and development activities across key U.S. basins including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, as well as selected international markets.

Average Trading Volume: 1,834,033

Technical Sentiment Signal: Buy

Current Market Cap: $1.4B

For an in-depth examination of RES stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1