Ridgepost Capital (NYSE:RPC) Shares Gap Up – Should You Buy?

Ridgepost Capital, Inc (NYSE:RPC)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $8.14, but opened at $8.70. Ridgepost Capital shares last traded at $8.4940, with a volume of 23,035 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Zacks Research downgraded shares of Ridgepost Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Oppenheimer reissued an “outperform” rating on shares of Ridgepost Capital in a report on Friday, May 8th. Weiss Ratings assumed coverage on shares of Ridgepost Capital in a report on Thursday, February 12th. They set a “hold (c)” rating for the company. Wall Street Zen raised shares of Ridgepost Capital from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Barclays raised their target price on shares of Ridgepost Capital from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Ridgepost Capital presently has an average rating of “Moderate Buy” and an average target price of $12.00.

Ridgepost Capital Price Performance

The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.70 and a current ratio of 2.70. The company has a fifty day simple moving average of $7.88. The firm has a market capitalization of $901.54 million, a PE ratio of 37.37 and a beta of 0.88.

Ridgepost Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Ridgepost Capital’s previous quarterly dividend of $0.04. The ex-dividend date is Friday, May 29th. Ridgepost Capital’s payout ratio is currently 72.73%.

Insider Buying and Selling at Ridgepost Capital

In other news, insider Charles K. Huebner Trust acquired 12,500 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average price of $7.31 per share, for a total transaction of $91,375.00. Following the completion of the transaction, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.54% of the company’s stock.

Ridgepost Capital Company Profile

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.