Ridgepost Capital (NYSE:RPC) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Ridgepost Capital (NYSE:RPC – Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

RPC has been the subject of several other reports. Oppenheimer reissued an “outperform” rating on shares of Ridgepost Capital in a research report on Friday, May 8th. Barclays reduced their price objective on shares of Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Finally, Weiss Ratings reissued 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.00.

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Ridgepost Capital Stock Down 1.4%

Shares of NYSE:RPC opened at $8.55 on Friday. The firm’s fifty day moving average is $8.31. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.95. Ridgepost Capital has a 12-month low of $6.79 and a 12-month high of $12.90. The firm has a market cap of $942.55 million, a price-to-earnings ratio of 34.20 and a beta of 0.87.

Ridgepost Capital Dividend Announcement

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

Ridgepost Capital Company Profile

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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.

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