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Enter Symbol:
Rating: RES
Mkt Perform

Rpc, Inc. (NYSE: RES) downgraded to Mkt Perform by FBR Capital

Friday,  Dec 6, 2013  8:25 AM ET by Dave Ficere

FBR Capital downgraded Rpc, Inc. (NYSE: RES) to Mkt Perform.
Previously FBR Capital rated Outperform with price target $15 Rpc, Inc. (NYSE: RES) on 04/25/2013, when the stock price was $12.96.

RPC,Inc. has two major business segments: boat manufacturing and oil and gas services. Chaparral Boats, Inc., a wholly owned subsidiary of RPC,sells four lines of powerboats to a nationwide network of independent dealers. The oil and gas services segment provides a variety of services,equipment, and personnel to the oil and gas industry.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.

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