Ridgepost Capital (NYSE:RPC) Cut to Hold at Zacks Research

Zacks Research cut shares of Ridgepost Capital (NYSE:RPC) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks.com reports.

Several other research firms also recently issued reports on RPC. Weiss Ratings assumed coverage on shares of Ridgepost Capital in a report on Thursday, February 12th. They set a “hold (c)” rating on the stock. Barclays decreased their target price on Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.00.

Ridgepost Capital Price Performance

Shares of NYSE RPC opened at $7.03 on Monday. 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 has a 52 week low of $6.98 and a 52 week high of $13.08. The stock has a market cap of $769.42 million, a PE ratio of 39.03 and a beta of 0.84.

Ridgepost Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 27th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, February 27th. Ridgepost Capital’s dividend payout ratio is 83.33%.

Insider Buying and Selling at Ridgepost Capital

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