Rpc News

Canyon Services Group once again reported stellar earnings for the 1st quarter 2012.

As the market continues to reward companies with little to no earnings or growth, one sector that continues to get punished for producing record profits is the oil and gas services industry.

A number of other analysts have also recently weighed in on RES. Analysts at FBR Capital cut their price target on shares of RPC from $13.00 to $11.50 in a research note to investors on Friday, March 23rd.

Rare Element Reports 10 Percent Increase of M & I Rare-Earth Mineral Resources and 61 Percent Increase of Oxide and Oxide-Carbonate Inferred Mineral Resources - High-Grade Measured and Indicated Mineral Resource of 7.5 Million Tons at 3.79% REO at 1.5% Cutoff Grade - Additional High-Grade Inferred Mineral Resources of 34.6 Million Tons at 2.83% REO ... (more)

The Atlanta-based oilfield equipment and services company reported higher revenue and profit in the first quarter, aided by increased activity in the petroleum industry.