Ridgepost Capital (NYSE:RPC) Shares Gap Up – What’s Next?

Ridgepost Capital, Inc (NYSE:RPC) shares gapped up prior to trading on Thursday . The stock had previously closed at $7.03, but opened at $7.22. Ridgepost Capital shares last traded at $7.3030, with a volume of 131,748 shares traded.

Analysts Set New Price Targets

Several brokerages have recently commented on RPC. Barclays decreased their price objective on shares of Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Zacks Research lowered Ridgepost Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Weiss Ratings began coverage on Ridgepost Capital in a report on Thursday, February 12th. They set a “hold (c)” rating on the stock. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Ridgepost Capital has a consensus rating of “Hold” and a consensus price target of $11.00.

Ridgepost Capital Trading Up 3.5%

The firm has a market cap of $796.58 million, a PE ratio of 40.41 and a beta of 0.84. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.93.

Ridgepost Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 27th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, February 27th. Ridgepost Capital’s payout ratio is currently 83.33%.

Insider Buying and Selling at Ridgepost Capital

In other news, Director Robert B. Stewart, Jr. purchased 5,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $8.27 per share, for a total transaction of $41,350.00. Following the acquisition, the director directly owned 149,525 shares of the company’s stock, valued at $1,236,571.75. This represents a 3.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charles K. Huebner Trust acquired 12,500 shares of Ridgepost Capital stock in a transaction on Thursday, March 12th. The stock was purchased at an average cost of $7.31 per share, for a total transaction of $91,375.00. Following the purchase, the insider owned 188,554 shares in the company, valued at approximately $1,378,329.74. The trade was a 7.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 47,500 shares of company stock worth $392,825. Corporate insiders own 11.54% of the company’s stock.

About Ridgepost Capital

P10 (NYSE: RPC) is an oilfield services company that provides specialized equipment and field services to upstream oil and gas operators. The company focuses on supplying non‑exclusive, rental and production support products and technical services that help customers complete, produce and maintain wells. Its offerings are designed to support a range of onshore operations, with emphasis on scalable, modular solutions that can be deployed across multiple basins.

Products and services typically include surface and downhole rental tools, completion and production accessories, well intervention and maintenance services, and related operational support.