Superior and RPC's Strong Quarterly Results Meet Expectations Set By Rising U.S. Shale Activity
Both RPC and Superior posted strong sequential second-quarter results, on the back of swiftly recovering U.S. shale activity levels. So far, however, the results have been largely in line with our expectations, and so for now, our fair values remain unchanged.Nothing in either RPC or Superior’s second-quarter results for pressure pumping indicated that the outlook we presented in our recently published Energy Observer on pressure pumping is in need of revision. While pricing is certainly recove...
RPC is a holding company for several oilfield services companies. The company provides oilfield services and equipment to oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the U.S., including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets. The services provided are: Technical Services, which include pressure pumping, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline services, and fishing; and Support Services, which include rental tools, oilfield pipe inspection services, well control school and energy personnel international.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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