Ridgepost Capital (NYSE:RPC) Stock Price Up 3.9% – Here’s What Happened

Shares of Ridgepost Capital, Inc (NYSE:RPC) shot up 3.9% during trading on Tuesday . The company traded as high as $7.95 and last traded at $7.8930. 430,828 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 408,827 shares. The stock had previously closed at $7.60.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research lowered shares of Ridgepost Capital from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Barclays boosted their price target on shares of Ridgepost Capital from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Ridgepost Capital from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Oppenheimer reiterated an “outperform” rating on shares of Ridgepost Capital in a report on Friday, May 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Ridgepost Capital in a research report on Monday, June 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $12.00.

Ridgepost Capital Stock Performance

The company has a debt-to-equity ratio of 0.93, a current ratio of 2.70 and a quick ratio of 2.70. The stock’s 50-day moving average price is $8.13. The firm has a market capitalization of $858.32 million, a P/E ratio of 35.64 and a beta of 0.89.

Ridgepost Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 29th were issued a dividend of $0.04 per share. The ex-dividend date was Friday, May 29th. This is a positive change from Ridgepost Capital’s previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a dividend yield of 2.0%. Ridgepost Capital’s dividend payout ratio (DPR) is 72.73%.

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.