Ridgepost Capital (NYSE:RPC) Trading 3.9% Higher – Here’s What Happened

Shares of Ridgepost Capital, Inc (NYSE:RPC) were up 3.9% during trading on Tuesday . The company traded as high as $7.95 and last traded at $7.8930. Approximately 430,828 shares traded 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 Upgrades and Downgrades

Several research firms have recently commented on RPC. Zacks Research lowered Ridgepost Capital from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Oppenheimer restated an “outperform” rating on shares of Ridgepost Capital in a research report on Friday, May 8th. Barclays boosted their price objective on 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 Ridgepost Capital from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings reaffirmed 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 currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Ridgepost Capital Stock Performance

The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $864.13 million, a PE ratio of 35.88 and a beta of 0.88. The stock’s 50 day moving average price is $8.13.

Ridgepost Capital Increases Dividend

The firm also recently declared 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. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Ridgepost Capital’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Friday, May 29th. Ridgepost Capital’s dividend payout ratio is presently 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.