Factors Likely to Decide the Fate of RPC (RES) in Q2 Earnings

RPC Inc (RES) is set to report second-quarter 2024 earnings on Jul 25, before the opening bell. Estimate Trend The Zacks Consensus Estimate for second-quarter revenues of $385.7 million indicates a 7.3% decline from the year-ago reported figure. According to the U.S. Energy Information Administration, the average spot prices for West Texas Intermediate crude at Cushing, OK, were$ 85.35 per barrel in April, $80.02 in May and$ 79.77 in June. This indicates that the crude pricing environment in the second quar ...