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BUZZ-Oilfield service provider RPC slides as fourth-quarter results miss estimates
RPC, Inc. RES | 5.81 | +0.35% |
** Shares of oilfield service provider RPC RES.N tumble 19.03% to $5.36 after Q4 results
** Co posts Q4 adj. net income of $9.40 million, below analysts' average estimate of $13.06 million - data compiled by LSEG
** Reports Q4 revenue of $425.78 million, missing analysts' average estimate of $426.46 million
** Co's revenue declines due to holiday slowdowns and increased wireline expenses
** Of the six analysts tracking the stock, one rates it "buy", four "hold" and one "sell"; their median PT is $6 - LSEG-compiled data
** Including session's move, RPC declined 14.05% over the last year


