Ridgepost Capital (NYSE:RPC) Shares Gap Down on Analyst Downgrade

Ridgepost Capital, Inc (NYSE:RPC)’s share price gapped down prior to trading on Monday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $7.57, but opened at $7.22. Ridgepost Capital shares last traded at $7.5250, with a volume of 116,314 shares trading hands.

A number of other analysts have also recently weighed in on RPC. Barclays reduced 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, March 2nd. Weiss Ratings assumed coverage on Ridgepost Capital in a report on Thursday, February 12th. They issued a “hold (c)” rating on the stock. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.00.

Insider Transactions at Ridgepost Capital

In other news, Director Robert B. Stewart, Jr. purchased 10,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average price of $8.65 per share, for a total transaction of $86,500.00. Following the completion of the acquisition, the director directly owned 144,525 shares of the company’s stock, valued at $1,250,141.25. The trade was a 7.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Charles K. Huebner Trust acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of $8.68 per share, with a total value of $173,600.00. Following 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 disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 47,500 shares of company stock worth $392,825 in the last three months. 11.54% of the stock is currently owned by company insiders.

Ridgepost Capital Stock Down 4.2%

The stock has a market capitalization of $771.83 million, a P/E ratio of 39.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.27 and a quick ratio of 2.27.

Ridgepost Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 27th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 27th. Ridgepost Capital’s dividend payout ratio is currently 83.33%.

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.