Ridgepost Capital (NYSE:RPC) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Ridgepost Capital (NYSE:RPC) from a hold rating to a buy rating in a research note published on Saturday.

Several other equities research analysts have also recently commented on the company. Oppenheimer reaffirmed an “outperform” rating on shares of Ridgepost Capital in a research report on Friday, May 8th. Weiss Ratings assumed coverage on shares of Ridgepost Capital in a research note on Thursday, February 12th. They issued a “hold (c)” rating for the company. Zacks Research downgraded Ridgepost Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, Barclays raised their price objective 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Ridgepost Capital currently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Ridgepost Capital Trading Down 2.8%

Ridgepost Capital stock opened at $8.28 on Friday. The company has a current ratio of 2.70, a quick ratio of 2.27 and a debt-to-equity ratio of 0.93. Ridgepost Capital has a 12 month low of $6.79 and a 12 month high of $13.08. The company has a market cap of $906.93 million, a price-to-earnings ratio of 37.66 and a beta of 0.88. The business has a fifty day simple moving average of $7.63.

Ridgepost Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.04 per share. This is an increase from Ridgepost Capital’s previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, May 29th. Ridgepost Capital’s payout ratio is presently 68.18%.

Insider Activity

In other Ridgepost Capital news, Director Robert B. Stewart, Jr. acquired 10,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were acquired at an average cost of $8.65 per share, for a total transaction of $86,500.00. Following the completion of the transaction, the director directly owned 144,525 shares of the company’s stock, valued at approximately $1,250,141.25. The trade was a 7.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Charles K. Huebner Trust acquired 20,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was acquired at an average price of $8.68 per share, for a total transaction of $173,600.00. Following the completion of the transaction, the insider directly owned 176,054 shares of the company’s stock, valued at approximately $1,528,148.72. This represents a 12.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 47,500 shares of company stock worth $392,825 over the last 90 days. 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.