Cetera Investment Advisers Increases Position in RPC, Inc. (RES)

RPC, Inc. (NYSE:RES) is among the best dividend penny stocks to buy according to analysts. According to the recent disclosure with the Securities and Exchange Commission (SEC), Cetera Investment Advisers has increased its stake in RPC, Inc. (NYSE:RES) by 9% by acquiring 7,620 shares during the quarter. With a total of 92,321 shares of the company’s stock, the investment adviser holdings stand at approximately $508,000.

What’s truly attractive is that RPC, Inc. (NYSE:RES) is in a segment that’s not only tech-oriented and ever-evolving, but also highly cyclical. The two key areas the company needs to maintain are investments and acquisitions, as technology and market needs are constantly evolving.

RPC, Inc. (NYSE:RES)

If RPC, Inc. (NYSE:RES) adopts the right strategies, the company can indeed become a “big” one-stop shop. In its latest earnings call, management highlights its focus on prudent capital investments and capital allocation decisions in an attempt to improve its balance sheet and fully leverage opportunities as they arise.

RPC, Inc. (NYSE:RES), based in Georgia and founded in 1984, offers a range of oilfield services and products for oil and gas companies. With two main segments: Technical Services and Support Services, the company operates in various markets including the Middle East, Canada, Argentina, and China.

While we acknowledge the potential of RES to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RES and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.