AXT, Inc. (AXTI) Reaches $6.95 Formed H&S; Rpc (RES) Sellers Decreased By 5.84% Their Shorts

AXT, Inc. (AXTI) formed H&S with $6.67 target or 4.00% below today’s $6.95 share price. AXT, Inc. (AXTI) has $270.58M valuation. The stock decreased 4.14% or $0.3 during the last trading session, reaching $6.95. About 483,810 shares traded or 12.11% up from the average. AXT, Inc. (NASDAQ:AXTI) has risen 28.57% since April 3, 2017 and is uptrending. It has outperformed by 17.02% the S&P500.

Rpc Inc (NYSE:RES) had a decrease of 5.84% in short interest. RES’s SI was 22.07M shares in April as released by FINRA. Its down 5.84% from 23.43M shares previously. With 3.25 million avg volume, 7 days are for Rpc Inc (NYSE:RES)’s short sellers to cover RES’s short positions. The SI to Rpc Inc’s float is 32.45%. The stock decreased 4.49% or $0.81 during the last trading session, reaching $17.22. About 1.14 million shares traded. RPC, Inc. (NYSE:RES) has risen 5.99% since April 3, 2017 and is uptrending. It has underperformed by 5.56% the S&P500.

RPC, Inc. provides a range of oilfield services and equipment for gas and oil companies involved in the exploration, production, and development of gas and oil properties in the United States, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, and the Middle East. The company has market cap of $3.72 billion. The firm operates in two divisions, Technical Services and Support Services. It has a 22.99 P/E ratio. The Technical Services segment offers pressure pumping, fracturing, acidizing, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing services that are used in the completion, production, and maintenance of gas and oil wells.

Among 24 analysts covering RPC (NYSE:RES), 6 have Buy rating, 1 Sell and 17 Hold. Therefore 25% are positive. RPC had 84 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Wells Fargo with “Market Perform” on Thursday, January 25. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, March 11 report. The rating was maintained by Piper Jaffray on Thursday, January 11 with “Hold”. The stock of RPC, Inc. (NYSE:RES) has “Hold” rating given on Thursday, October 26 by Raymond James. The company was maintained on Monday, March 7 by FBR Capital. Oppenheimer maintained it with “Perform” rating and $11 target in Thursday, October 1 report. The stock of RPC, Inc. (NYSE:RES) has “Neutral” rating given on Friday, October 13 by Credit Suisse. The firm earned “Neutral” rating on Friday, August 14 by Citigroup. The rating was upgraded by Wells Fargo to “Outperform” on Monday, January 11. As per Wednesday, January 18, the company rating was initiated by SunTrust.

Investors sentiment increased to 1.23 in 2017 Q4. Its up 0.29, from 0.94 in 2017Q3. It increased, as 19 investors sold RPC, Inc. shares while 73 reduced holdings. 49 funds opened positions while 64 raised stakes. 75.74 million shares or 6.39% less from 80.91 million shares in 2017Q3 were reported. Dana Investment Advisors owns 83,680 shares. The Illinois-based First Trust Advisors L P has invested 0.02% in RPC, Inc. (NYSE:RES). 496,298 are held by Geode Mngmt Ltd Limited Liability Company. 9,826 are owned by Rmb Cap Mngmt Ltd. Eqis Mgmt has 0.03% invested in RPC, Inc. (NYSE:RES). Sei Invests Company, Pennsylvania-based fund reported 226,106 shares. Moreover, Ferguson Wellman Cap Management Incorporated has 0.01% invested in RPC, Inc. (NYSE:RES) for 9,375 shares. Moreover, Nomura Hldgs Inc has 0% invested in RPC, Inc. (NYSE:RES) for 14,316 shares. Oz Limited Partnership invested in 0.01% or 96,500 shares. Waratah Advsr Ltd owns 79,886 shares or 0.24% of their US portfolio. Franklin Res has invested 0.01% in RPC, Inc. (NYSE:RES). Magnetar Ltd holds 160,569 shares or 0.1% of its portfolio. Moreover, Wolverine Asset Management Limited Liability Com has 0.01% invested in RPC, Inc. (NYSE:RES) for 49,616 shares. State Of Alaska Department Of Revenue holds 0% or 5,800 shares in its portfolio. Parkside Bancorp Tru holds 852 shares or 0.01% of its portfolio.

Analysts await AXT, Inc. (NASDAQ:AXTI) to report earnings on April, 25. They expect $0.08 earnings per share, up 300.00% or $0.06 from last year’s $0.02 per share. AXTI’s profit will be $3.11M for 21.72 P/E if the $0.08 EPS becomes a reality. After $0.08 actual earnings per share reported by AXT, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 8 analysts covering AXT Inc (NASDAQ:AXTI), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. AXT Inc had 16 analyst reports since December 9, 2015 according to SRatingsIntel. The stock of AXT, Inc. (NASDAQ:AXTI) has “Buy” rating given on Wednesday, September 6 by Northland Capital. The stock of AXT, Inc. (NASDAQ:AXTI) earned “Buy” rating by Craig Hallum on Tuesday, May 3. The company was upgraded on Wednesday, December 9 by B. Riley & Co. B. Riley & Co maintained AXT, Inc. (NASDAQ:AXTI) on Thursday, October 26 with “Neutral” rating. Needham maintained AXT, Inc. (NASDAQ:AXTI) rating on Thursday, October 26. Needham has “Buy” rating and $11.0 target. B. Riley & Co maintained AXT, Inc. (NASDAQ:AXTI) on Thursday, February 22 with “Neutral” rating. The stock has “Buy” rating by Needham on Thursday, February 23. The stock of AXT, Inc. (NASDAQ:AXTI) earned “Buy” rating by Needham on Thursday, October 27. As per Friday, June 16, the company rating was maintained by Dougherty. The rating was downgraded by B. Riley & Co to “Neutral” on Friday, March 17.

Investors sentiment decreased to 1.14 in 2017 Q4. Its down 0.07, from 1.21 in 2017Q3. It worsened, as 8 investors sold AXT, Inc. shares while 34 reduced holdings. 22 funds opened positions while 26 raised stakes. 22.11 million shares or 5.71% less from 23.45 million shares in 2017Q3 were reported. Citigroup holds 0% or 5,504 shares in its portfolio. Ariel Limited Liability Company reported 0.02% stake. Federated Inc Pa owns 910 shares. Rhumbline Advisers holds 33,475 shares. Brinker Cap holds 0.01% or 20,842 shares. 167,102 are owned by Northpointe. North Carolina-based Comml Bank Of America De has invested 0% in AXT, Inc. (NASDAQ:AXTI). Hood River Cap Llc has 1.39 million shares. Cap Fund Mgmt Sa holds 14,500 shares. Essex Invest Mgmt Ltd Co reported 325,618 shares. Northern reported 414,878 shares or 0% of all its holdings. Ancora Advsrs Ltd stated it has 0.04% in AXT, Inc. (NASDAQ:AXTI). Hancock Holdings has invested 0.06% of its portfolio in AXT, Inc. (NASDAQ:AXTI). Voya Investment Management reported 15,801 shares. Morgan Stanley, a New York-based fund reported 173,457 shares.

RPC, Inc. (NYSE:RES) Institutional Positions Chart