The company shows strong fundamentals. After slight declines in 2013 the group is now ready to reinforce its financial situation through better results in top line of its financial statements and an improved EBITDA ratio. At the same time, debts are anticipated to fall near $35 million in 2014 from $44 million in 2013. As RPC still having a fair valuation the equity seems affordable for investors. In addition, positive revisions were made by Thomson-Reuters analysts regarding sales and the consensus decided to hold shares than to sell them.
Technically, the security still having an uptrend potential and seems ready to explore its highest levels. However, the breakout of the USD 23.5 level will be the key to validate whether the bullish run will keep its track. If this threshold exceeded, then investors could seek for the USD 25.6 as main target but keeping a stop loss at USD 22.3 in order to avoid further risks.
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. 
