RPC (RES) Stock Rating Kept by Analysts at Susquehanna; The $21.0 Target Indicates 5.11% Potential; Gardner Russo & Gardner Has Increased Its Wells Fargo (WFC) Holding

February 24, 2018 - By Marie Mckinney

Among 24 analysts covering RPC (NYSE:RES), 6 have Buy rating, 1 Sell and 17 Hold. Therefore 25% are positive. RPC has $29 highest and $8 lowest target. $21.10’s average target is 5.61% above currents $19.98 stock price. RPC had 83 analyst reports since August 14, 2015 according to SRatingsIntel. As per Tuesday, January 17, the company rating was upgraded by Nomura. On Monday, March 7 the stock rating was maintained by FBR Capital with “Outperform”. The stock of RPC, Inc. (NYSE:RES) has “Perform” rating given on Thursday, October 1 by Oppenheimer. The firm earned “Buy” rating on Thursday, December 1 by Seaport Global. The rating was upgraded by Tudor Pickering on Tuesday, January 12 to “Buy”. The rating was downgraded by Jefferies to “Hold” on Thursday, October 5. Piper Jaffray maintained it with “Hold” rating and $20.5000 target in Monday, July 10 report. As per Friday, October 6, the company rating was maintained by Cowen & Co. The rating was downgraded by B. Riley & Co on Friday, December 22 to “Neutral”. The rating was maintained by Jefferies on Friday, April 7 with “Buy”.

Gardner Russo & Gardner Llc increased Wells Fargo (WFC) stake by 0.44% reported in 2017Q3 SEC filing. Gardner Russo & Gardner Llc acquired 55,602 shares as Wells Fargo (WFC)’s stock declined 8.66%. The Gardner Russo & Gardner Llc holds 12.70M shares with $700.64 million value, up from 12.65M last quarter. Wells Fargo now has $289.44B valuation. The stock increased 0.61% or $0.36 during the last trading session, reaching $59.17. About 21.10M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 24, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Since November 17, 2017, it had 0 insider purchases, and 1 insider sale for $292,234 activity. Another trade for 5,393 shares valued at $292,234 was sold by Codel Franklin R.

Gardner Russo & Gardner Llc decreased Diageo Plc (DGEAF) stake by 32,152 shares to 9.13M valued at $300.36 million in 2017Q3. It also reduced Forman Corp Cl A stake by 54,915 shares and now owns 4.44M shares. Heineken Holding Nv (HKHHF) was reduced too.

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2. It is negative, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. 72,375 are owned by Utd Securities Incorporated (D B A Uas Asset Management). Theleme Llp stated it has 20.61% in Wells Fargo & Company (NYSE:WFC). Contravisory Inv has 280 shares for 0.01% of their portfolio. Fairview Cap Inv Mngmt Limited Company, California-based fund reported 14,537 shares. Ubs Asset Mgmt Americas holds 17.97 million shares or 0.9% of its portfolio. Davenport Limited Liability Company accumulated 967,788 shares or 0.68% of the stock. Nationwide Fund reported 0.58% in Wells Fargo & Company (NYSE:WFC). Hbk Sorce Advisory Lc holds 0.15% in Wells Fargo & Company (NYSE:WFC) or 17,937 shares. Franklin Street Advisors Nc owns 23,880 shares or 0.22% of their US portfolio. 7,670 are owned by Palisades Hudson Asset Mgmt Limited Partnership. Legacy Cap Prtn, Wisconsin-based fund reported 68,959 shares. Gofen & Glossberg Il reported 0.7% of its portfolio in Wells Fargo & Company (NYSE:WFC). Carret Asset Limited Com reported 0.48% stake. Davidson & Garrard reported 0.34% in Wells Fargo & Company (NYSE:WFC). Pecaut & Company reported 84,875 shares.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 8 Sell and 16 Hold. Therefore 38% are positive. Wells Fargo & Company had 131 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Argus Research on Tuesday, January 19. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Tuesday, January 2 by Robert W. Baird. The rating was downgraded by FBR Capital on Wednesday, October 19 to “Mkt Perform”. The firm has “Buy” rating by Sandler O’Neill given on Wednesday, September 2. On Thursday, January 4 the stock rating was maintained by Susquehanna with “Hold”. The firm has “Buy” rating by RBC Capital Markets given on Friday, October 6. As per Friday, November 18, the company rating was downgraded by BMO Capital Markets. The rating was maintained by S&P Research on Thursday, August 13 with “Buy”. The stock has “Outperform” rating by Keefe Bruyette & Woods on Tuesday, January 12. The stock of Wells Fargo & Company (NYSE:WFC) has “Buy” rating given on Wednesday, July 29 by Guggenheim.

Investors sentiment decreased to 0.94 in Q3 2017. Its down 0.05, from 0.99 in 2017Q2. It fall, as 29 investors sold RPC, Inc. shares while 69 reduced holdings. 42 funds opened positions while 50 raised stakes. 80.91 million shares or 2.04% more from 79.30 million shares in 2017Q2 were reported. Royal Financial Bank Of Canada reported 819 shares stake. Legal General Group Inc Pcl accumulated 24,737 shares. Tokio Marine Asset Mgmt has 48,800 shares. Scout Invs Inc reported 0.39% stake. 27,232 were reported by Css Limited Liability Corporation Il. Cambiar Limited Com, Colorado-based fund reported 720,583 shares. Reilly Fincl Advsr Ltd Limited Liability Company reported 0% in RPC, Inc. (NYSE:RES). Indexiq Advsrs stated it has 0% in RPC, Inc. (NYSE:RES). Gamco Invsts Inc Et Al reported 2.74M shares. Aqr Management Lc, a Connecticut-based fund reported 1.86 million shares. Investec Asset Management Limited stated it has 0.08% in RPC, Inc. (NYSE:RES). Brandywine Global Inv Mgmt Limited Liability invested in 168,406 shares or 0.03% of the stock. First Mercantile Trust Com holds 16,540 shares or 0.07% of its portfolio. Stephens Investment Gp Limited Co has invested 0.44% of its portfolio in RPC, Inc. (NYSE:RES). Lord Abbett And Limited Liability Corporation holds 0.06% of its portfolio in RPC, Inc. (NYSE:RES) for 852,820 shares.

RPC, Inc. provides a range of oilfield services and equipment for gas and oil companies involved in the exploration, production, and development of gas and oil properties in the United States, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, and the Middle East. The company has market cap of $4.33 billion. The firm operates in two divisions, Technical Services and Support Services. It has a 26.71 P/E ratio. The Technical Services segment offers pressure pumping, fracturing, acidizing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing services that are used in the completion, production, and maintenance of gas and oil wells.

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