Ridgepost Capital, Inc (NYSE:RPC) Declares $0.04 Quarterly Dividend

Ridgepost Capital, Inc (NYSE:RPC) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.04 per share on Friday, September 18th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st.

Ridgepost Capital Stock Down 1.9%

Shares of RPC stock traded down $0.17 during trading hours on Wednesday, hitting $8.87. 601,914 shares of the company’s stock traded hands, compared to its average volume of 612,958. The firm has a 50 day moving average price of $8.21. The stock has a market cap of $971.09 million, a PE ratio of 40.32 and a beta of 0.88. Ridgepost Capital has a 12 month low of $6.79 and a 12 month high of $13.08. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.93.

Wall Street Analyst Weigh In

Several analysts recently weighed in on RPC shares. Oppenheimer reissued an “outperform” rating on shares of Ridgepost Capital in a research note on Friday, May 8th. Wall Street Zen lowered Ridgepost Capital from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Barclays lifted their target price on Ridgepost Capital from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Ridgepost Capital in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.00.

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.