Ridgepost Capital (NYSE:RPC) Sets New 52-Week Low Following Analyst Downgrade

Ridgepost Capital, Inc (NYSE:RPC) shares hit a new 52-week low on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The company traded as low as $7.05 and last traded at $7.0550, with a volume of 213823 shares. The stock had previously closed at $7.36.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings started 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 price objective 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 Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Ridgepost Capital presently has a consensus rating of “Hold” and an average price target of $11.00.

Insider Buying and Selling

In related news, insider Charles K. Huebner Trust acquired 12,500 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was purchased at an average cost of $7.31 per share, with a total value of $91,375.00. Following the completion of the acquisition, the insider directly owned 188,554 shares of the company’s stock, valued at approximately $1,378,329.74. This trade represents a 7.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert B. Stewart, Jr. bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was bought at an average price of $8.27 per share, for a total transaction of $41,350.00. Following the acquisition, the director directly owned 149,525 shares of the company’s stock, valued at $1,236,571.75. The trade was a 3.46% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 47,500 shares of company stock valued at $392,825 over the last quarter. Company insiders own 11.54% of the company’s stock.

Ridgepost Capital Price Performance

The stock has a market capitalization of $802.38 million, a PE ratio of 40.71 and a beta of 0.84. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.93.

Ridgepost Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 27th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 2.0%. Ridgepost Capital’s dividend payout ratio (DPR) is presently 83.33%.

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.