Ridgepost Capital (NYSE:RPC) Shares Gap Up – Time to Buy?

Ridgepost Capital, Inc (NYSE:RPC) shares gapped up prior to trading on Thursday . The stock had previously closed at $7.03, but opened at $7.22. Ridgepost Capital shares last traded at $7.3030, with a volume of 131,748 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on RPC. Weiss Ratings began coverage on shares of Ridgepost Capital in a report on Thursday, February 12th. They set a “hold (c)” rating on the stock. Zacks Research cut Ridgepost Capital from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Barclays decreased their price target on Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.00.

Ridgepost Capital Stock Up 3.5%

The company has a market capitalization of $796.58 million, a P/E ratio of 40.41 and a beta of 0.84. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.27 and a current ratio of 2.27.

Ridgepost Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 27th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 2.1%. Ridgepost Capital’s dividend payout ratio (DPR) is 83.33%.

Insider Activity at Ridgepost Capital

In other news, insider Charles K. Huebner Trust acquired 12,500 shares of Ridgepost Capital stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $7.31 per share, for a total transaction of $91,375.00. Following the acquisition, the insider directly owned 188,554 shares of the company’s stock, valued at $1,378,329.74. This trade represents a 7.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert B. Stewart, Jr. bought 5,000 shares of the stock in a transaction on Tuesday, February 24th. The stock was purchased at an average price of $8.27 per share, with a total value of $41,350.00. Following the completion of the acquisition, the director directly owned 149,525 shares in the company, valued at approximately $1,236,571.75. This trade represents a 3.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 47,500 shares of company stock valued at $392,825 in the last ninety days. Insiders own 11.54% of the company’s stock.

Ridgepost Capital Company Profile

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.