Ridgepost Capital (NYSE:RPC) Hits New 52-Week Low – Here’s Why

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Barclays cut their price objective on shares of Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Weiss Ratings began coverage on shares of Ridgepost Capital in a research note on Thursday, February 12th. They issued a “hold (c)” rating on the stock. Finally, Zacks Research upgraded shares of Ridgepost Capital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $11.00.

Ridgepost Capital Price Performance

The stock has a market cap of $842.68 million, a P/E ratio of 42.56 and a beta of 0.84. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.27 and a current ratio of 2.27.

Ridgepost Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be issued a dividend of $0.0375 per share. The ex-dividend date is Friday, February 27th. This represents a $0.15 dividend on an annualized basis and a yield of 2.0%. Ridgepost Capital’s dividend payout ratio (DPR) is presently 83.33%.

Insiders Place Their Bets

In other Ridgepost Capital news, Director Robert B. Stewart, Jr. acquired 10,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were purchased at an average price of $8.65 per share, for a total transaction of $86,500.00. Following the completion of the purchase, the director directly owned 144,525 shares of the company’s stock, valued at approximately $1,250,141.25. This represents a 7.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.54% of the stock is currently owned by company insiders.

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.