Ethereum Price Movement: Ethereum's price declined, tested $3,580 support, and is now recovering with resistance near $3,740.
Current Trading Situation: Ethereum climbed above $3,660 but is trading below $3,750 and the 100-hourly Simple Moving Average.
Key Resistance Levels: A bearish trend line is forming with resistance near $3,740, and the first major resistance is at $3,740.
Potential Upside Scenario: If Ethereum breaks above $3,740, it could rise towards $3,800, $3,840, and even test the $4,000 resistance zone.
Downside Risks: Failure to clear $3,740 resistance may lead to further decline with initial support at $3,660, followed by major support near $3,640 and $3,580.
RES
$5.74+Infinity%1D
Analyst Views on RES
Wall Street analysts forecast RES stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RES is 5.13 USD with a low forecast of 4.75 USD and a high forecast of 5.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast RES stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RES is 5.13 USD with a low forecast of 4.75 USD and a high forecast of 5.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
2 Hold
0 Sell
Hold
Current: 5.680
Low
4.75
Averages
5.13
High
5.50
Current: 5.680
Low
4.75
Averages
5.13
High
5.50
Citi
Scott Gruber
Neutral
maintain
$6
2025-12-11
New
Reason
Citi
Scott Gruber
Price Target
$6
2025-12-11
New
maintain
Neutral
Reason
Citi analyst Scott Gruber raised the firm's price target on RPC, Inc. to $6 from $5.75 and keeps a Neutral rating on the shares. The firm adjusted price targets as part of its 2026 outlook for the oil and gas equipment and services group. Citi believes the industry is in the bottom of a two-year downcycle. The lack of negative estimate revisions could drive better share performances in 2026, the analyst tells investors in a research note. Citi elevated SLB to its top large-cap pick, followed by Baker Hughes and Halliburton.
Freedom Capital
Buy
to
Hold
downgrade
$6.20
2025-11-05
Reason
Freedom Capital
Price Target
$6.20
2025-11-05
downgrade
Buy
to
Hold
Reason
Freedom Capital downgraded RPC, Inc. to Hold from Buy with an unchanged price target of $6.20 following the Q3 report. The firm cites valuation for the downgrade, saying the stock's rise in October has significantly reduced the potential upside
Piper Sandler
Underweight
downgrade
$5 -> $4
2025-08-14
Reason
Piper Sandler
Price Target
$5 -> $4
2025-08-14
downgrade
Underweight
Reason
Piper Sandler lowered the firm's price target on RPC, Inc. to $4 from $5 and keeps an Underweight rating on the shares. The firm says that after hearing from a number of companies representing drilling, completion, production, and power across NAM, International, and Offshore over the past month, "ultimately the OIH ended up...flat." A fitting result given the number of crosscurrents impacting the market as the industry continues to navigate the current oil price shock, including U.S. Land deflation/sticky production, international deceleration, and a mixed Offshore picture, Piper adds.
Susquehanna
Charles Minervino
Neutral
downgrade
$5
2025-07-25
Reason
Susquehanna
Charles Minervino
Price Target
$5
2025-07-25
downgrade
Neutral
Reason
Susquehanna analyst Charles Minervino lowered the firm's price target on RPC, Inc. to $5 from $5.50 and keeps a Neutral rating on the shares. The firm updated its estimates following 2Q25 earnings results where the target reflects a slightly lower multiple given the challenging and uncertain US completions market.
About RES
RPC, Inc. is a diversified oilfield services company. The Company provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. It acts as a holding company for the entity groupings, including Cudd Energy Services, Cudd Pressure Control, Thru Tubing Solutions and Patterson Services. Its segments include Technical Services and Support Services. The Technical Services segment consists primarily of pressure pumping, downhole tools, coiled tubing, cementing, snubbing, nitrogen, well control, wireline and fishing. The Support Services segment consists primarily of drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
