RPC, Inc. (RES) managed to rebound with the stock climbing 2.16% or $0.46 to close the day at $21.77 on lower than average trading volume of 1.48M shares, compared to its three month average trading volume of 1.74M. The Atlanta Georgia 30329 based company has been outperforming the oil & gas equipment & services companies by 28.5398% for last three months and its recent gains have pushed the stock slightly up 9.89% YTD, versus the oil & gas equipment & services industry which is down -0.35% for the same period. The RSI of 53.4 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
RPC, Inc. provides a range of oilfield services and equipment for oil and gas companies involved in the exploration, production, and development of oil and gas properties in the United States, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, the Middle East, and New Zealand. The company operates in two segments, Technical Services and Support Services. The Technical Services segment offers pressure pumping, coiled tubing, snubbing, nitrogen pumping, well control consulting and firefighting, downhole tools, wireline, fishing, and fluid pumping services that are used in the completion, production, and maintenance of oil and gas wells. The Support Services segment provides a range of rental tools, including blowout preventors, high pressure manifolds and valves, Hevi-wate drill pipes, tubing products, production related rental tools, pumps, diverters, drill pipes, drill collars, handling tools, Coflexip hoses, and Wear Knot drill pipes that are used for onshore and offshore oil and gas well drilling, completion, and workover activities. It also offers oilfield pipe inspection, and pipe management and storage services; and oilfield training services. RPC, Inc. was founded in 1984 and is headquartered in Atlanta, Georgia.
The Manitowoc Company, Inc. (MTW) had a light trading with around 1.48M shares changing hands compared to its three month average trading volume of 2.16M. The stock traded between $6.18 and $6.38 before closing at the price of $6.26 with -0.63% change on the day. The Manitowoc Wisconsin 54220 based company is currently trading 109.89% above its 52 week low of $3.17 and -17.31% below its 52 week high of $7.57. Both the RSI indicator and target price of 47.05 and $5.45 respectively, lead us to believe that it should be put on hold over the coming weeks.
The Manitowoc Company, Inc. designs, manufactures, and sells cranes and related products worldwide. It offers lattice-boom cranes, including crawler and truck mounted lattice-boom cranes, and crawler crane attachments; tower cranes comprising top slewing, luffing jib, topless, and self-erecting tower cranes; mobile telescopic cranes, including rough terrain, all-terrain, truck mounted, and industrial cranes; and boom trucks, such as telescopic boom trucks under the Manitowoc, Grove, Potain, National Crane, and Shuttlelift brands. The company also provides crane product parts and services; and crane rebuilding, remanufacturing, and training services under the Manitowoc Crane Care brand name. The company’s products are used in various applications, including energy and utilities; petrochemical and industrial projects; infrastructure development, such as road, bridge, and airport construction; and commercial and high-rise residential construction industries. The company was founded in 1853 and is based in Manitowoc, Wisconsin.
Hertz Global Holdings, Inc. (HTZ) traded within a range of $19.74 to $20.59 after opening the day at $19.78. The company has seen its stock decrease in value by -5.01% so far this year. The stock was up close to 3.54% on light volume in last trading session and closed at $20.48 per share. After the recent gain, the stock is currently holding -61.46% below its 52 week high of $53.14 and 19.07% above its 12-month low of $17.2. The shares are down by over -26.06% in the last three months, and the RSI indicator value of 41.38 is neither bullish nor bearish, tempting investors to stay on the sidelines.
Hertz Global Holdings, Inc., an airport general use car rental company, engages in the car rental business in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East, and New Zealand. It operates the Hertz, Dollar, Thrifty, and Firefly car rental brands in approximately 9,980 corporate and licensee locations throughout approximately 150 countries. The company provides car rental for small and mid-sized businesses, meetings and conventions, associations/group programs, diversity programs, and government and military travelers. It offers airport general use car rental services serving approximately 1,635 airport locations in the U.S. and approximately 1,320 airport locations internationally. In addition, the company owns the vehicle leasing and fleet management business that operates the Hertz 24/7 hourly car rental business in international markets; and sells vehicles through its Rent2Buy program. Hertz Global Holdings, Inc. was founded in 1918 and is based in Estero, Florida.