Ridgepost Capital (NYSE:RPC) Reaches New 12-Month Low – What’s Next?

Shares of Ridgepost Capital, Inc (NYSE:RPC) hit a new 52-week low during trading on Tuesday . The company traded as low as $7.05 and last traded at $7.0550, with a volume of 213823 shares traded. The stock had previously closed at $7.36.

Analysts Set New Price Targets

RPC has been the topic of several research analyst reports. Zacks Research upgraded shares of Ridgepost Capital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Weiss Ratings began coverage on shares of Ridgepost Capital in a research note on Thursday, February 12th. They set a “hold (c)” rating for the company. Finally, Barclays reduced their price target on shares of Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Ridgepost Capital has a consensus rating of “Buy” and an average target price of $11.00.

Ridgepost Capital Trading Down 4.1%

The firm has a market capitalization of $772.59 million, a price-to-earnings ratio of 39.19 and a beta of 0.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.27 and a quick ratio of 2.27.

Ridgepost Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 27th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 27th. Ridgepost Capital’s dividend payout ratio (DPR) is 83.33%.

Insiders Place Their Bets

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