Qualitative fundamentals like growth, positive EPS and sales revisions argue for a prices recovery.
In a financial point of view,, the company seems solid. Firstable, it benefits from a significant growth highlighted by Thomson-Reuters analysts' forecasts. Secondly, it has large enough profits that enables to generate substantial earnings. Sales and EPS revisions show analyst's confidence since upward revisions have been made over the last 4 months.
Technically, the stock trades close to its short term level at USD 21 that constitutes a support for the midterm and long term positive trend. Moreover a trend-line give a good entry point in order to reach the first resistance at USD 22.8.
According to upstanding financial and technical elements, long positions could be opened in RPC at the current price. The scope of this configuration will be set at USD 22.8, thus providing a great potential of growth. However, the stop loss could be placed under the purchase level in case of a support breakout.
RPC, Inc. acts as a holding company for several oilfield services companies that include Cudd Energy Services, Cudd Pressure Control, Thru Tubing Solutions and Patterson Services. It provides a range of oilfield services and equipment primarily to independent and oil and gas companies, which is 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. Its segments include Technical Services and Support Services. Technical Services segment includes pressure pumping, downhole tools services, coiled tubing, snubbing and other oilfield related services. Support Services segment includes renting tools to its customers for use with onshore and offshore oil and gas well drilling, completion and workover activities. It is also engaged in oilfield cementing services in the Permian and Mid-Continent basins.
RPC, INC. 
