Barclays Lowers Ridgepost Capital (NYSE:RPC) Price Target to $11.00

Ridgepost Capital (NYSE:RPC) had its price target dropped by Barclays from $12.00 to $11.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 36.31% from the company’s previous close.

RPC has been the subject of a number of other reports. Weiss Ratings assumed coverage on shares of Ridgepost Capital in a research report on Thursday, February 12th. They set a “hold (c)” rating for the company. Zacks Research raised shares of Ridgepost Capital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $11.00.

Ridgepost Capital Price Performance

Shares of Ridgepost Capital stock opened at $8.07 on Monday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.99. The firm has a market cap of $887.78 million, a price-to-earnings ratio of 9.38 and a beta of 0.84. Ridgepost Capital has a 12 month low of $7.63 and a 12 month high of $13.08.

Insiders Place Their Bets

In other news, Director Robert B. Stewart, Jr. acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average cost of $8.65 per share, for a total transaction of $86,500.00. Following the acquisition, the director directly owned 144,525 shares in the company, valued at approximately $1,250,141.25. The trade was 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 currently owned by insiders.

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.