RPC, Inc. Elects Wesley N. Slagle to Board
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy RES?
Source: PRnewswire
- New Board Member: RPC, Inc. has elected Wesley N. Slagle to its Board of Directors, bringing a B.S. in systems engineering from the U.S. Naval Academy and an MBA from Emory University, which enhances the strategic value of the board.
- Rich Financial Experience: Slagle previously held significant roles at Goldman Sachs, including Managing Director of the Private Wealth Management division, where he gained extensive experience in capital allocation and strategic planning, which will enhance RPC's investment decision-making.
- Diverse Background: Before joining Goldman Sachs, Slagle worked at AllianceBernstein, GE Energy, and served as an officer in the U.S. Navy on a nuclear-powered submarine, showcasing his leadership skills and technical expertise.
- Board Expectations: RPC's Executive Chairman Richard A. Hubbell stated that Slagle's financial and operational knowledge will bring valuable contributions to the board, and they look forward to his active participation in the coming years.
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Analyst Views on RES
Wall Street analysts forecast RES stock price to fall
3 Analyst Rating
0 Buy
2 Hold
1 Sell
Moderate Sell
Current: 7.930
Low
5.00
Averages
5.67
High
6.00
Current: 7.930
Low
5.00
Averages
5.67
High
6.00
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.
RPC to Release Q1 2026 Financial Results on May 7
- Earnings Release Schedule: RPC, Inc. will announce its financial results for the first quarter ending March 31, 2026, on May 7, 2026, before market open, reflecting the company's operational performance and financial health in the oil and gas sector.
- Conference Call Details: The company will host a conference call at 9:00 a.m. Eastern Time on the same day, where participants can dial toll-free (800) 715-9871 or +1 (646) 307-1963 for international calls, using conference ID 5388095, ensuring timely updates for investors.
- Webcast Availability: For those unable to join by phone, the call will also be broadcast live on the company's investor website and archived for 90 days, enhancing information transparency and meeting investor needs.
- Company Background: RPC, Inc. provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies in the U.S. and selected international markets, covering key oil and gas production regions, highlighting its significant position in the industry.
See More
RPC, Inc. Elects Wesley N. Slagle to Board
- New Board Member: RPC, Inc. has elected Wesley N. Slagle to its Board of Directors, bringing a B.S. in systems engineering from the U.S. Naval Academy and an MBA from Emory University, which enhances the strategic value of the board.
- Rich Financial Experience: Slagle previously held significant roles at Goldman Sachs, including Managing Director of the Private Wealth Management division, where he gained extensive experience in capital allocation and strategic planning, which will enhance RPC's investment decision-making.
- Diverse Background: Before joining Goldman Sachs, Slagle worked at AllianceBernstein, GE Energy, and served as an officer in the U.S. Navy on a nuclear-powered submarine, showcasing his leadership skills and technical expertise.
- Board Expectations: RPC's Executive Chairman Richard A. Hubbell stated that Slagle's financial and operational knowledge will bring valuable contributions to the board, and they look forward to his active participation in the coming years.
See More
RPC, Inc. Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: RPC, Inc. announced a regular cash dividend of $0.04 per share, payable on June 10, 2026, to common stockholders of record as of May 11, 2026, reflecting the company's ongoing commitment to stable cash flow and shareholder returns.
- Broad Service Range: RPC provides a wide array of specialized oilfield services and equipment primarily to independent and major oilfield companies, covering key oil and gas exploration, production, and development regions across the U.S., which enhances its competitive position in the market.
- International Market Expansion: In addition to its U.S. operations, RPC also serves selected international markets, indicating the company's strategic positioning in the global oil and gas industry to capitalize on rising international demand.
- Transparent Investor Relations: RPC's investor website offers a wealth of information resources, enhancing communication with investors and demonstrating the company's commitment to transparency and shareholder relations.
See More
Crude Oil Price Drop Triggers Stock Market Volatility
- Significant Oil Price Drop: Brent crude oil prices fell over 10% to below $90 per barrel, primarily due to a 10-day ceasefire between Israel and Lebanon and optimism surrounding U.S.-Iran negotiations, which alleviated market fears of supply disruptions and reduced the risk premium on oil prices.
- Oilfield Services Companies Impacted: Transocean's stock fell 6.1%, Valaris dropped 6%, and RPC decreased by 8.5%, as these companies typically face pressure to cut capital expenditures when oil prices decline, leading to canceled contracts and idle equipment that negatively affect short-term performance.
- Market Overreaction: The stock market's reaction to falling oil prices may be overly dramatic, and while there could be buying opportunities for high-quality stocks in the short term, the volatility in the oilfield services sector necessitates careful risk assessment by investors.
- RPC Stock Performance: RPC has risen 19.3% since the beginning of the year, yet at $6.60 per share, it remains 9.9% below its 52-week high of $7.32, indicating a cautious market sentiment regarding its future performance, prompting investors to monitor its long-term growth potential.
See More
Rpc (RES) Q3 2025 Earnings Call Transcript
See More
Carolina Wealth Advisors Fully Exits RPC Stake
- Complete Exit: Carolina Wealth Advisors fully divested its 1,252,201 shares of RPC in Q1, with an estimated trade value of $7.80 million, reflecting a $6.81 million decrease in the fund's RPC investment value from the previous quarter, indicating a diminished confidence in the stock.
- Stock Performance: As of April 6, 2026, RPC shares were priced at $6.82, marking a 58.6% increase over the past year and outperforming the S&P 500 by 20.46 percentage points, highlighting strong market demand for the company.
- Valuation Analysis: RPC's price-to-earnings (P/E) ratio is nearly 47x, significantly higher than its three-year average of 15x, suggesting that current investors are paying three times more for each dollar of earnings compared to historical averages, which may indicate overvaluation.
- Investment Strategy: This sale is viewed as a sound portfolio management decision rather than a bearish stance on RPC stock, reflecting the wealth manager's choice to lock in profits following a substantial price rally, thereby mitigating risk.
See More
RPC to Release Q1 2026 Financial Results on May 7
- Earnings Release Schedule: RPC, Inc. will announce its financial results for the first quarter ending March 31, 2026, on May 7, 2026, before market open, reflecting the company's operational performance and financial health in the oil and gas sector.
- Conference Call Details: The company will host a conference call at 9:00 a.m. Eastern Time on the same day, where participants can dial toll-free (800) 715-9871 or +1 (646) 307-1963 for international calls, using conference ID 5388095, ensuring timely updates for investors.
- Webcast Availability: For those unable to join by phone, the call will also be broadcast live on the company's investor website and archived for 90 days, enhancing information transparency and meeting investor needs.
- Company Background: RPC, Inc. provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies in the U.S. and selected international markets, covering key oil and gas production regions, highlighting its significant position in the industry.
See More
RPC, Inc. Elects Wesley N. Slagle to Board
- New Board Member: RPC, Inc. has elected Wesley N. Slagle to its Board of Directors, bringing a B.S. in systems engineering from the U.S. Naval Academy and an MBA from Emory University, which enhances the strategic value of the board.
- Rich Financial Experience: Slagle previously held significant roles at Goldman Sachs, including Managing Director of the Private Wealth Management division, where he gained extensive experience in capital allocation and strategic planning, which will enhance RPC's investment decision-making.
- Diverse Background: Before joining Goldman Sachs, Slagle worked at AllianceBernstein, GE Energy, and served as an officer in the U.S. Navy on a nuclear-powered submarine, showcasing his leadership skills and technical expertise.
- Board Expectations: RPC's Executive Chairman Richard A. Hubbell stated that Slagle's financial and operational knowledge will bring valuable contributions to the board, and they look forward to his active participation in the coming years.
See More
RPC, Inc. Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: RPC, Inc. announced a regular cash dividend of $0.04 per share, payable on June 10, 2026, to common stockholders of record as of May 11, 2026, reflecting the company's ongoing commitment to stable cash flow and shareholder returns.
- Broad Service Range: RPC provides a wide array of specialized oilfield services and equipment primarily to independent and major oilfield companies, covering key oil and gas exploration, production, and development regions across the U.S., which enhances its competitive position in the market.
- International Market Expansion: In addition to its U.S. operations, RPC also serves selected international markets, indicating the company's strategic positioning in the global oil and gas industry to capitalize on rising international demand.
- Transparent Investor Relations: RPC's investor website offers a wealth of information resources, enhancing communication with investors and demonstrating the company's commitment to transparency and shareholder relations.
See More
Crude Oil Price Drop Triggers Stock Market Volatility
- Significant Oil Price Drop: Brent crude oil prices fell over 10% to below $90 per barrel, primarily due to a 10-day ceasefire between Israel and Lebanon and optimism surrounding U.S.-Iran negotiations, which alleviated market fears of supply disruptions and reduced the risk premium on oil prices.
- Oilfield Services Companies Impacted: Transocean's stock fell 6.1%, Valaris dropped 6%, and RPC decreased by 8.5%, as these companies typically face pressure to cut capital expenditures when oil prices decline, leading to canceled contracts and idle equipment that negatively affect short-term performance.
- Market Overreaction: The stock market's reaction to falling oil prices may be overly dramatic, and while there could be buying opportunities for high-quality stocks in the short term, the volatility in the oilfield services sector necessitates careful risk assessment by investors.
- RPC Stock Performance: RPC has risen 19.3% since the beginning of the year, yet at $6.60 per share, it remains 9.9% below its 52-week high of $7.32, indicating a cautious market sentiment regarding its future performance, prompting investors to monitor its long-term growth potential.
See More
Rpc (RES) Q3 2025 Earnings Call Transcript
See More
Carolina Wealth Advisors Fully Exits RPC Stake
- Complete Exit: Carolina Wealth Advisors fully divested its 1,252,201 shares of RPC in Q1, with an estimated trade value of $7.80 million, reflecting a $6.81 million decrease in the fund's RPC investment value from the previous quarter, indicating a diminished confidence in the stock.
- Stock Performance: As of April 6, 2026, RPC shares were priced at $6.82, marking a 58.6% increase over the past year and outperforming the S&P 500 by 20.46 percentage points, highlighting strong market demand for the company.
- Valuation Analysis: RPC's price-to-earnings (P/E) ratio is nearly 47x, significantly higher than its three-year average of 15x, suggesting that current investors are paying three times more for each dollar of earnings compared to historical averages, which may indicate overvaluation.
- Investment Strategy: This sale is viewed as a sound portfolio management decision rather than a bearish stance on RPC stock, reflecting the wealth manager's choice to lock in profits following a substantial price rally, thereby mitigating risk.
See More
