Oilfield services firm RPC rallies on strong Q4, doubled dividends

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RPC Inc. (NYSE:RES) +11.8% in Wednesday’s trading after reporting Q4 earnings and revenues that skyrocketed from a year earlier and doubling its quarterly dividend to $0.04/share.

The oilfield services provider said Q4 net income soared by 7x to $87M, or $0.40/share, from $12.3M, or $0.06/share, in