Barclays Cuts Ridgepost Capital (NYSE:RPC) Price Target to $11.00

Ridgepost Capital (NYSE:RPC) had its target price cut by Barclays from $12.00 to $11.00 in a research note released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently issued reports on the company. Zacks Research raised Ridgepost Capital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Weiss Ratings started coverage on shares of Ridgepost Capital in a research 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 assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $11.00.

Ridgepost Capital Stock Down 1.1%

RPC opened at $7.98 on Monday. The company has a quick ratio of 2.50, a current ratio of 2.27 and a debt-to-equity ratio of 0.93. Ridgepost Capital has a 12-month low of $7.63 and a 12-month high of $13.08. The company has a market capitalization of $877.88 million, a PE ratio of 9.38 and a beta of 0.84.

Ridgepost Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.9%. Ridgepost Capital’s dividend payout ratio (DPR) is currently 83.33%.

Insider Activity

In other Ridgepost Capital news, Director Robert B. Stewart, Jr. purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were acquired at an average cost of $8.27 per share, for a total transaction of $41,350.00. Following the completion of the purchase, the director owned 149,525 shares of the company’s stock, valued at approximately $1,236,571.75. The trade was a 3.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.