Oppenheimer Cuts Ridgepost Capital (NYSE:RPC) Price Target to $15.00

Ridgepost Capital (NYSE:RPC) had its price objective lowered by Oppenheimer from $16.00 to $15.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 71.27% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Ridgepost Capital from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ridgepost Capital in a report on Monday, June 8th. Finally, 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, August 10th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Ridgepost Capital Stock Up 0.8%

Shares of NYSE:RPC traded up $0.07 during trading on Thursday, reaching $8.76. 33,034 shares of the company traded hands, compared to its average volume of 607,283. The company has a market capitalization of $965.48 million, a price-to-earnings ratio of 35.17 and a beta of 0.88. Ridgepost Capital has a 52 week low of $6.79 and a 52 week high of $12.63. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.71 and a quick ratio of 2.71. The business’s 50 day moving average price is $8.37.

Institutional Trading of Ridgepost Capital

Several large investors have recently bought and sold shares of the business. Susquehanna International Group LLP acquired a new position in Ridgepost Capital during the second quarter worth about $96,000. Caz Investments LP acquired a new stake in shares of Ridgepost Capital in the 2nd quarter valued at approximately $157,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Ridgepost Capital in the 2nd quarter valued at approximately $988,000. Guardian Wealth Management Inc. bought a new stake in shares of Ridgepost Capital during the 2nd quarter valued at approximately $2,996,000. Finally, California State Teachers Retirement System bought a new stake in shares of Ridgepost Capital during the 2nd quarter valued at approximately $4,317,000. 48.05% of the stock is owned by institutional investors and hedge funds.

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.