Arosa Capital Management LP Has Decreased Its Rpc (RES) Position; Last Week Ormat Technologies, Inc. (ORA) Coverage

August 25, 2017 - By Maria Brooks

Arosa Capital Management Lp decreased Rpc Inc (RES) stake by 8.43% reported in 2016Q4 SEC filing. Arosa Capital Management Lp sold 150,364 shares as Rpc Inc (RES)’s stock declined 3.98%. The Arosa Capital Management Lp holds 1.63M shares with $32.34 million value, down from 1.78M last quarter. Rpc Inc now has $4.05 billion valuation. The stock rose 0.65% or $0.12 reaching $18.64. About 158,849 shares traded. RPC, Inc. (NYSE:RES) has risen 47.61% since August 25, 2016 and is uptrending. It has outperformed by 30.91% the S&P500.

Among 6 analysts covering Ormat Technologies Inc (NYSE:ORA), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Ormat Technologies Inc had 12 analyst reports since January 4, 2016 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Friday, May 26 by Barclays Capital. The stock of Ormat Technologies, Inc. (NYSE:ORA) earned “Buy” rating by Cowen & Co on Friday, August 18. The firm has “Neutral” rating given on Friday, May 6 by JP Morgan. On Friday, May 5 the stock rating was maintained by Oppenheimer with “Buy”. The stock of Ormat Technologies, Inc. (NYSE:ORA) earned “Buy” rating by Oppenheimer on Thursday, August 3. The stock has “Overweight” rating by JP Morgan on Wednesday, June 7. The stock has “Buy” rating by J.P. Morgan on Wednesday, June 7. The rating was maintained by Oppenheimer with “Buy” on Thursday, June 1. Cowen & Co maintained Ormat Technologies, Inc. (NYSE:ORA) rating on Monday, July 17. Cowen & Co has “Buy” rating and $6700 target. The firm has “Mkt Outperform” rating given on Monday, December 19 by Avondale. See Ormat Technologies, Inc. (NYSE:ORA) latest ratings:

18/08/2017 Broker: Cowen & Co Rating: Buy New Target: $67.0 Maintain
03/08/2017 Broker: Oppenheimer Rating: Buy Maintain
17/07/2017 Broker: Cowen & Co Rating: Buy New Target: $67.0000 Maintain
07/06/2017 Broker: J.P. Morgan Rating: Buy New Target: $71.0000 Upgrade
07/06/2017 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Upgrade
01/06/2017 Broker: Oppenheimer Rating: Buy Maintain
26/05/2017 Broker: Barclays Capital Old Rating: Underweight New Rating: Equal-Weight Upgrade
05/05/2017 Broker: Oppenheimer Rating: Buy New Target: $65.00 Maintain
12/04/2017 Broker: Cowen & Co Rating: Outperform New Target: $67.00 Initiates Coverage On

Among 19 analysts covering RPC (NYSE:RES), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. RPC had 51 analyst reports since August 14, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, April 19 by Seaport Global. The rating was upgraded by Nomura on Tuesday, January 17 to “Buy”. The stock has “Neutral” rating by Citigroup on Wednesday, July 13. The rating was initiated by SunTrust with “Buy” on Wednesday, January 18. The firm has “Outperform” rating by FBR Capital given on Monday, March 7. Citigroup maintained RPC, Inc. (NYSE:RES) on Friday, March 18 with “Neutral” rating. On Tuesday, December 22 the stock rating was initiated by Guggenheim with “Buy”. FBR Capital maintained the shares of RES in report on Monday, January 9 with “Outperform” rating. The stock of RPC, Inc. (NYSE:RES) has “Neutral” rating given on Wednesday, June 21 by Seaport Global. The firm has “Neutral” rating given on Friday, January 8 by Macquarie Research.

Investors sentiment increased to 1.16 in Q4 2016. Its up 0.03, from 1.13 in 2016Q3. It is positive, as 16 investors sold RES shares while 70 reduced holdings. 44 funds opened positions while 56 raised stakes. 78.17 million shares or 0.49% more from 77.79 million shares in 2016Q3 were reported. Bnp Paribas Arbitrage reported 0% of its portfolio in RPC, Inc. (NYSE:RES). Independent Port Consultants owns 7,955 shares or 0.05% of their US portfolio. Federated Pa invested in 23,005 shares or 0% of the stock. Hanson Mcclain reported 1,125 shares. Dimensional Fund LP invested in 1.52M shares or 0.02% of the stock. Css Limited Com Il invested in 20,332 shares. Prudential Finance Inc stated it has 17,090 shares. Jennison Ltd Llc reported 1.48 million shares stake. Monarch Ptnrs Asset Ltd Liability invested in 659,565 shares. Dreman Value Mgmt L L C holds 0.09% in RPC, Inc. (NYSE:RES) or 7,650 shares. Everpoint Asset Mngmt Ltd holds 0.07% of its portfolio in RPC, Inc. (NYSE:RES) for 200,000 shares. Scout holds 1.14M shares. Citigroup holds 33,466 shares. Lord Abbett Com Limited Liability Company accumulated 0% or 77,000 shares. Segall Bryant Hamill Ltd Liability Corp has invested 0.01% in RPC, Inc. (NYSE:RES).

About 35,975 shares traded. Ormat Technologies, Inc. (NYSE:ORA) has risen 34.71% since August 25, 2016 and is uptrending. It has outperformed by 18.01% the S&P500.

Since May 12, 2017, it had 0 insider purchases, and 11 selling transactions for $3.95 million activity. JOYAL ROBERT EUGENE sold 7,500 shares worth $427,500. 12,060 shares were sold by Wolf Nir, worth $718,776. The insider CLARKE ROBERT F sold 15,000 shares worth $854,475. Another trade for 3,015 shares valued at $180,900 was sold by Hatzir Shimon. $201,120 worth of stock was sold by Rosner Etty on Thursday, June 8. $415,688 worth of Ormat Technologies, Inc. (NYSE:ORA) was sold by Sullivan Bob. Granot David had sold 5,000 shares worth $288,500.