Ridgepost Capital (NYSE:RPC) Sets New 1-Year Low – Here’s What Happened

Ridgepost Capital, Inc (NYSE:RPC) shares reached a new 52-week low on Monday . The stock traded as low as $7.10 and last traded at $7.1650, with a volume of 492049 shares trading hands. The stock had previously closed at $7.20.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RPC shares. Barclays reduced their target price 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 upgraded shares of Ridgepost Capital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings assumed coverage on Ridgepost Capital in a research report on Thursday, February 12th. They issued a “hold (c)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Ridgepost Capital has a consensus rating of “Buy” and an average price target of $11.00.

Ridgepost Capital Trading Up 1.1%

The firm has a market capitalization of $800.87 million, a P/E ratio of 40.40 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. Ridgepost Capital’s dividend payout ratio is currently 83.33%.

Insider Buying and Selling at Ridgepost Capital

In other news, Director Robert B. Stewart, Jr. bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average cost of $8.65 per share, with a total value of $86,500.00. Following the completion of the purchase, the director owned 144,525 shares of the company’s stock, valued at $1,250,141.25. This represents a 7.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 11.54% of the stock is owned by company insiders.

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.