As Rpc (RES) Stock Declined, Shareholder Brenham Capital Management LP Decreased Stake by $36.00 Million; United States Stl New (X) Holding Held by Nepsis Capital Management Inc

December 24, 2017 - By Stephen Andrade

Nepsis Capital Management Inc increased its stake in United States Stl Corp New (X) by 142.91% based on its latest 2017Q3 regulatory filing with the SEC. Nepsis Capital Management Inc bought 80,917 shares as the company’s stock declined 50.78% while stock markets rallied. The institutional investor held 137,539 shares of the steel and iron ore company at the end of 2017Q3, valued at $3.53 million, up from 56,622 at the end of the previous reported quarter. Nepsis Capital Management Inc who had been investing in United States Stl Corp New for a number of months, seems to be bullish on the $6.14 billion market cap company. The stock decreased 1.57% or $0.56 during the last trading session, reaching $35.11. About 7.53 million shares traded. United States Steel Corporation (NYSE:X) has risen 45.54% since December 24, 2016 and is uptrending. It has outperformed by 28.84% the S&P500.

Brenham Capital Management Lp decreased its stake in Rpc Inc (RES) by 46.88% based on its latest 2017Q3 regulatory filing with the SEC. Brenham Capital Management Lp sold 1.50M shares as the company’s stock declined 3.98% while stock markets rallied. The institutional investor held 1.70 million shares of the energy company at the end of 2017Q3, valued at $42.14 million, down from 3.20 million at the end of the previous reported quarter. Brenham Capital Management Lp who had been investing in Rpc Inc for a number of months, seems to be less bullish one the $5.67 billion market cap company. The stock decreased 2.02% or $0.54 during the last trading session, reaching $26.19. About 798,388 shares traded. RPC, Inc. (NYSE:RES) has risen 47.61% since December 24, 2016 and is uptrending. It has outperformed by 30.91% the S&P500.

Nepsis Capital Management Inc, which manages about $214.00M and $193.71 million US Long portfolio, decreased its stake in Citigroup Inc (NYSE:C) by 41,820 shares to 90,195 shares, valued at $6.56 million in 2017Q3, according to the filing. It also reduced its holding in Realty Income Corp (NYSE:O) by 7,026 shares in the quarter, leaving it with 26,230 shares, and cut its stake in Mazor Robotics Ltd (NASDAQ:MZOR).

Among 22 analysts covering United States Steel Corporation (NYSE:X), 9 have Buy rating, 3 Sell and 10 Hold. Therefore 41% are positive. United States Steel Corporation had 91 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, August 22 by Citigroup. The stock of United States Steel Corporation (NYSE:X) has “Overweight” rating given on Tuesday, April 5 by JP Morgan. The firm has “Buy” rating by Standpoint Research given on Wednesday, June 7. On Thursday, July 27 the stock rating was downgraded by Longbow to “Neutral”. On Monday, February 6 the stock rating was upgraded by Argus Research to “Buy”. The stock of United States Steel Corporation (NYSE:X) earned “Sell” rating by Citigroup on Friday, July 28. The firm has “Neutral” rating by Rosenblatt given on Monday, February 22. The rating was upgraded by Credit Suisse on Wednesday, May 24 to “Outperform”. Cowen & Co downgraded the shares of X in report on Wednesday, May 10 to “Market Perform” rating. The rating was upgraded by JP Morgan to “Overweight” on Thursday, July 30.

Among 23 analysts covering RPC (NYSE:RES), 7 have Buy rating, 1 Sell and 15 Hold. Therefore 30% are positive. RPC had 70 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was downgraded by Raymond James on Thursday, October 26 to “Hold”. Seaport Global upgraded RPC, Inc. (NYSE:RES) rating on Thursday, December 1. Seaport Global has “Buy” rating and $23 target. The stock of RPC, Inc. (NYSE:RES) earned “Neutral” rating by Citigroup on Wednesday, July 13. The firm has “Buy” rating by SunTrust given on Wednesday, January 18. The company was downgraded on Wednesday, June 21 by Seaport Global. The firm has “Outperform” rating given on Thursday, October 27 by FBR Capital. The stock of RPC, Inc. (NYSE:RES) has “Reduce” rating given on Tuesday, April 19 by Seaport Global. The stock of RPC, Inc. (NYSE:RES) earned “Market Perform” rating by Wells Fargo on Tuesday, September 1. As per Monday, January 11, the company rating was upgraded by Wells Fargo. The stock of RPC, Inc. (NYSE:RES) earned “Hold” rating by Piper Jaffray on Sunday, September 17.

Analysts await RPC, Inc. (NYSE:RES) to report earnings on January, 24. They expect $0.33 earnings per share, up 430.00% or $0.43 from last year’s $-0.1 per share. RES’s profit will be $71.47 million for 19.84 P/E if the $0.33 EPS becomes a reality. After $0.28 actual earnings per share reported by RPC, Inc. for the previous quarter, Wall Street now forecasts 17.86% EPS growth.

Investors sentiment decreased to 0.94 in 2017 Q3. Its down 0.05, from 0.99 in 2017Q2. It worsened, as 29 investors sold RES shares while 69 reduced holdings. 42 funds opened positions while 50 raised stakes. 80.91 million shares or 2.04% more from 79.30 million shares in 2017Q2 were reported. Dana Advsr holds 81,262 shares or 0.09% of its portfolio. Franklin Resource Incorporated invested 0.01% in RPC, Inc. (NYSE:RES). Invesco Limited reported 279,655 shares. Cipher Cap Ltd Partnership has 0.04% invested in RPC, Inc. (NYSE:RES) for 19,900 shares. Fred Alger Mgmt invested in 176,378 shares. Employees Retirement System Of Texas has invested 0.07% in RPC, Inc. (NYSE:RES). 59,836 were accumulated by Morgan Dempsey Management Limited Liability. Thrivent For Lutherans has 407,200 shares for 0.04% of their portfolio. Ig Mgmt Limited owns 320,478 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 2,095 shares or 0% of the stock. Waddell & Reed has 4.37 million shares. Meeder Asset Mgmt accumulated 29,172 shares. Hanson Mcclain invested 0% in RPC, Inc. (NYSE:RES). Barclays Public Llc reported 185,895 shares stake. Jennison Limited invested in 0.03% or 1.21 million shares.