Zacks Research Downgrades Ridgepost Capital (NYSE:RPC) to Hold

Ridgepost Capital (NYSE:RPC) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Weiss Ratings assumed coverage on Ridgepost Capital in a research report on Thursday, February 12th. They issued a “hold (c)” rating for the company. Barclays decreased their target price 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 research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

Ridgepost Capital Price Performance

Ridgepost Capital stock opened at $7.05 on Monday. Ridgepost Capital has a 12 month low of $6.99 and a 12 month high of $13.08. The firm has a market capitalization of $771.83 million, a price-to-earnings ratio of 39.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.27 and a current ratio of 2.27.

Insider Activity at Ridgepost Capital

In related news, insider Charles K. Huebner Trust acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average cost of $8.68 per share, for a total transaction of $173,600.00. Following the purchase, 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert B. Stewart, Jr. acquired 10,000 shares of Ridgepost Capital stock in a transaction dated Thursday, February 19th. The stock was purchased 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 approximately $1,250,141.25. This represents a 7.43% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 47,500 shares of company stock worth $392,825 over the last quarter. 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.