Ridgepost Capital (NYSE:RPC) Shares Gap Down – What’s Next?

Ridgepost Capital, Inc (NYSE:RPC)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $8.50, but opened at $7.97. Ridgepost Capital shares last traded at $8.35, with a volume of 9,831 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RPC. Weiss Ratings reissued a “hold (c-)” rating on shares of Ridgepost Capital in a research report on Friday, September 4th. Wall Street Zen upgraded shares of Ridgepost Capital from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. Oppenheimer decreased their target price on shares of Ridgepost Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, August 27th. Finally, Barclays lowered 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, August 10th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Ridgepost Capital presently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Ridgepost Capital Price Performance

The firm has a fifty day moving average price of $8.50 and a two-hundred day moving average price of $8.09. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $894.71 million, a P/E ratio of 32.46 and a beta of 0.87.

Ridgepost Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, August 31st. Ridgepost Capital’s dividend payout ratio (DPR) is currently 64.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Caz Investments LP bought a new stake in shares of Ridgepost Capital during the second quarter valued at approximately $157,000. Susquehanna International Group LLP bought a new position in Ridgepost Capital in the 2nd quarter valued at approximately $96,000. Guardian Wealth Management Inc. bought a new position in Ridgepost Capital in the 2nd quarter valued at approximately $2,996,000. California State Teachers Retirement System bought a new stake in shares of Ridgepost Capital in the 2nd quarter worth $4,317,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Ridgepost Capital in the 2nd quarter worth $988,000. Institutional investors own 48.05% of the company’s stock.

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.