Ridgepost Capital (NYSE:RPC) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Ridgepost Capital (NYSE:RPC) from a hold rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

A number of other analysts have also issued reports on RPC. Oppenheimer cut their price target on shares of Ridgepost Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, August 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ridgepost Capital in a research note on Monday, June 8th. Finally, Barclays dropped their price objective 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Ridgepost Capital Price Performance

RPC opened at $8.51 on Friday. The stock’s 50-day moving average price is $8.47 and its 200 day moving average price is $8.10. Ridgepost Capital has a 12-month low of $6.79 and a 12-month high of $12.55. The firm has a market cap of $938.13 million, a price-to-earnings ratio of 34.04 and a beta of 0.87. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.95.

Ridgepost Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 31st will be issued a $0.04 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.16 dividend on an annualized basis and a yield of 1.9%. Ridgepost Capital’s dividend payout ratio (DPR) is 64.00%.

Institutional Investors Weigh In On Ridgepost Capital

Several large investors have recently bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Ridgepost Capital in the 2nd quarter valued at about $988,000. Caz Investments LP purchased a new stake in shares of Ridgepost Capital during the second quarter worth approximately $30,345,000. California State Teachers Retirement System purchased a new stake in shares of Ridgepost Capital during the second quarter worth approximately $4,317,000. Guardian Wealth Management Inc. purchased a new stake in shares of Ridgepost Capital during the second quarter worth approximately $2,996,000. Finally, Susquehanna International Group LLP acquired a new stake in Ridgepost Capital in the second quarter valued at approximately $96,000. Hedge funds and other institutional investors own 48.05% 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.