Dahlman Rose Initiates RPC Coverage

Dahlman Rose initiated RPC RES coverage with a Hold rating in a research report published today. In the report, Dahlman Rose states, "We are initiating coverage of RES with a Hold rating. We believe the concerns of pressure pumping capacity additions offset growing demand from increased horizontal completion activity and the concerns are fairly reflected in RES's valuation." Shares of RPC closed today at $26.22, down 2.05% from Tuesday's market close.