12 Best Oil and Gas Penny Stocks to Invest in Now

8. RPC, Inc. (NYSE:RES) 

Number of Hedge Fund Holders: 16

Share Price as of April 16: $4.87

RPC, Inc. (NYSE:RES) delivers specialized oilfield services to U.S. upstream oil and gas businesses. The company runs Technical Services and Support Services segments, offering pressure pumping, downhole tools, coiled tubing, wireline, and cementing. Its Support unit handles drill pipe rentals for onshore and offshore jobs, thus establishing RPC as a notable player in well completion support among oil and gas penny stocks.

For Q4 ending December 31, 2024, the company had modest results as revenue hit $335 million, down 1% from Q3. Whereas EBITDA fell to $46.1 million from $55.2 million, with margins dropping to 13.7%. Quarterly EPS was $0.06. Still, RPC, Inc. (NYSE:RES) kept a healthy balance sheet with $326 million in cash and zero debt. The company generated $53.7 million in free cash flow for Q4 and $129.5 million for the full year, showing solid cash creation despite cost pressures.

Meanwhile, the company’s coiled tubing and cementing services grew, while pressure pumping (40% of revenue) rose 3%. Despite drops in support services offset these gains, technical services stayed stable at 94% of Q4 revenue. Overall, RPC, Inc. (NYSE:RES) faced seasonal pressures, competition, and higher insurance and staff costs that hurt profits in the year.

For 2025, RPC, Inc. (NYSE:RES) plans $150-200 million in CapEx, down from $220 million in 2024, showing fiscal restraint. It is focusing on cash-efficient ops, upgrading to Tier 4 DGB units, and cutting older equipment. Despite low visibility and regulatory concerns, RPC is exploring M&A deals and seeing early wins from new products.