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

Ridgepost Capital, Inc (NYSE:RPC)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.88 and last traded at $6.9750, with a volume of 3088 shares traded. The stock had previously closed at $6.91.

Wall Street Analysts Forecast Growth

RPC has been the topic of several recent analyst reports. Weiss Ratings began coverage on shares of Ridgepost Capital in a report on Thursday, February 12th. They issued a “hold (c)” rating on the stock. Barclays cut their price target 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. Finally, Zacks Research cut Ridgepost Capital from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.00.

Ridgepost Capital Trading Up 4.5%

The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $790.55 million, a price-to-earnings ratio of 40.11 and a beta of 0.84.

Ridgepost Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, February 27th were given 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 yield of 2.1%. Ridgepost Capital’s dividend payout ratio is presently 83.33%.

Insider Activity

In related news, Director Robert B. Stewart, Jr. purchased 10,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was acquired at an average cost of $8.65 per share, for a total transaction of $86,500.00. Following the completion of the transaction, 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 document filed with the SEC, which is available at this link. Also, insider Charles K. Huebner Trust purchased 20,000 shares of Ridgepost Capital stock in a transaction dated 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 completion of the purchase, the insider directly owned 176,054 shares in the company, valued at approximately $1,528,148.72. This trade represents a 12.82% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 47,500 shares of company stock valued at $392,825. 11.54% of the stock is currently owned by 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.