RPC Inc (RES)
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. The company is headquartered in Atlanta, Georgia.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 15.86% per annum.
- RES price at the close of November 22, 2024 was $6.43 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 21.53% per annum.
- RES price at the close of November 22, 2024 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of RES price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: October 19, 2022
End date: November 22, 2024
a = 2.6774
b = -0.0005
s = 0.0840
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -15.86%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0840) – 1
= 39.92%
October 19, 2022 calculations
Top border of price channel:
Exp(Y730)
= Exp(a + b × X730 + 2 × s)
= Exp(a + b × 1,059 + 2 × s)
= Exp(2.6774 + -0.0005 × 1,059 + 2 × 0.0840)
= Exp(2.3445)
= $10.43
Bottom border of price channel:
Exp(Y730)
= Exp(a + b × X730 – 2 × s)
= Exp(a + b × 1,059 – 2 × s)
= Exp(2.6774 + -0.0005 × 1,059 – 2 × 0.0840)
= Exp(2.0086)
= $7.45
November 22, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.6774 + -0.0005 × 1,824 + 2 × 0.0840)
= Exp(1.9826)
= $7.26
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.6774 + -0.0005 × 1,824 – 2 × 0.0840)
= Exp(1.6468)
= $5.19
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 15.86% per annum.
- RES price at the close of November 22, 2024 was $6.43 and was inside the primary price channel.
Secondary Trend
Start date: July 17, 2023
End date: November 22, 2024
a = 2.9960
b = -0.0007
s = 0.0673
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -21.53%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0673) – 1
= 30.89%
July 17, 2023 calculations
Top border of price channel:
Exp(Y914)
= Exp(a + b × X914 + 2 × s)
= Exp(a + b × 1,330 + 2 × s)
= Exp(2.9960 + -0.0007 × 1,330 + 2 × 0.0673)
= Exp(2.2472)
= $9.46
Bottom border of price channel:
Exp(Y914)
= Exp(a + b × X914 – 2 × s)
= Exp(a + b × 1,330 – 2 × s)
= Exp(2.9960 + -0.0007 × 1,330 – 2 × 0.0673)
= Exp(1.9781)
= $7.23
November 22, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(2.9960 + -0.0007 × 1,824 + 2 × 0.0673)
= Exp(1.9191)
= $6.81
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(2.9960 + -0.0007 × 1,824 – 2 × 0.0673)
= Exp(1.6499)
= $5.21
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 21.53% per annum.
- RES price at the close of November 22, 2024 was inside the secondary price channel.