Ridgepost Capital (NYSE:RPC) Sets New 12-Month Low – Should You Sell?

Ridgepost Capital, Inc (NYSE:RPC) shares reached a new 52-week low on Monday . The company traded as low as $7.51 and last traded at $7.60, with a volume of 212000 shares changing hands. The stock had previously closed at $7.71.

Wall Street Analyst Weigh In

RPC has been the subject of a number of research analyst reports. Barclays reduced their price objective on shares of Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Zacks Research raised shares of Ridgepost Capital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings initiated coverage on shares of Ridgepost Capital in a report on Thursday, February 12th. They issued a “hold (c)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $11.00.

Ridgepost Capital Trading Down 0.6%

The company has a debt-to-equity ratio of 0.93, a current ratio of 2.27 and a quick ratio of 2.27. The stock has a market capitalization of $842.68 million, a price-to-earnings ratio of 42.56 and a beta of 0.84.

Ridgepost Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be paid a $0.0375 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.15 annualized dividend and a yield of 2.0%. Ridgepost Capital’s payout ratio is 83.33%.

Insider Activity at Ridgepost Capital

In other Ridgepost Capital news, Director Robert B. Stewart, Jr. purchased 10,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was bought at an average cost of $8.65 per share, for a total transaction of $86,500.00. Following the completion of the transaction, the director owned 144,525 shares in the company, valued at approximately $1,250,141.25. This represents a 7.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate 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.