Ridgepost Capital (NYSE:RPC) Shares Gap Up – Should You Buy?

Ridgepost Capital, Inc (NYSE:RPC)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $8.14, but opened at $8.70. Ridgepost Capital shares last traded at $8.4940, with a volume of 23,035 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays upped their price objective on shares of Ridgepost Capital from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Weiss Ratings initiated coverage on shares of Ridgepost Capital in a research note on Thursday, February 12th. They set a “hold (c)” rating for the company. Zacks Research cut shares of Ridgepost Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Oppenheimer reaffirmed an “outperform” rating on shares of Ridgepost Capital in a research note on Friday, May 8th. Finally, Wall Street Zen raised shares of Ridgepost Capital from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Ridgepost Capital Stock Performance

The company’s 50 day moving average is $7.88. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.70 and a current ratio of 2.70. The stock has a market capitalization of $901.54 million, a price-to-earnings ratio of 37.37 and a beta of 0.88.

Ridgepost Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 29th will be paid a $0.04 dividend. This is a positive change from Ridgepost Capital’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.16 annualized dividend and a dividend yield of 1.9%. Ridgepost Capital’s dividend payout ratio is currently 72.73%.

Insider Buying and Selling at Ridgepost Capital

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 shares were purchased at an average cost of $7.31 per share, for a total transaction of $91,375.00. Following the acquisition, the insider owned 188,554 shares in the company, valued at $1,378,329.74. The trade was a 7.10% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.54% of the stock is currently owned by company 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.