Piper Sandler Lifts RPC Target While Keeping Cautious Stance

Core Viewpoint - RPC, Inc. is recognized as one of the best debt-free dividend stocks to consider for investment, despite a cautious outlook from analysts [1]. Group 1: Analyst Ratings and Market Outlook - Piper Sandler raised the price target for RPC, Inc. to $5 from $4 while maintaining an Underweight rating, indicating a cautious stance despite the industry's resilience [2]. - Looking ahead to 2026, Piper Sandler sees early signs of improvement with cyclical tailwinds, including activity resuming in Saudi Arabia and Mexico, and a potential stabilization in the US land market [3]. Group 2: Financial Performance - In the third quarter of 2025, RPC, Inc. reported sequential revenue growth, with significant contributions from pressure pumping, coiled tubing, and downhole tools, where service lines outside of pressure pumping accounted for 72% of total revenue and experienced a 3% sequential increase [4]. - The company anticipates full-year 2025 capital spending to be between $170 million and $190 million, primarily for maintenance, selective asset purchases, and IT system upgrades [5]. Group 3: Company Overview - RPC, Inc. provides a diverse range of specialized oilfield services and equipment, catering to both independent and major oilfield companies involved in oil and gas exploration, production, and development across selected US and international markets [6].