Ridgepost Capital (NYSE:RPC) Shares Gap Down – Time to Sell?

Ridgepost Capital, Inc (NYSE:RPCGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $8.50, but opened at $7.97. Ridgepost Capital shares last traded at $8.35, with a volume of 9,831 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RPC shares. Oppenheimer cut their price target on Ridgepost Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, August 27th. Barclays lowered their price objective on Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Wall Street Zen upgraded Ridgepost Capital from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ridgepost Capital in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.00.

Get Our Latest Research Report on Ridgepost Capital

Ridgepost Capital Stock Performance

The firm has a market cap of $929.10 million, a PE ratio of 33.74 and a beta of 0.87. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.95. The company has a 50-day simple moving average of $8.48 and a two-hundred day simple moving average of $8.10.

Ridgepost Capital Announces Dividend

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

Institutional Trading of Ridgepost Capital

A number of institutional investors have recently modified their holdings of the business. Caz Investments LP purchased a new stake in shares of Ridgepost Capital in the second quarter worth $30,345,000. California State Teachers Retirement System bought a new position in Ridgepost Capital in the 2nd quarter worth about $4,317,000. Guardian Wealth Management Inc. bought a new position in Ridgepost Capital in the 2nd quarter worth about $2,996,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Ridgepost Capital in the 2nd quarter valued at about $988,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Ridgepost Capital during the 2nd quarter valued at about $96,000. 48.05% of the stock is currently owned by hedge funds and other institutional investors.

Ridgepost Capital Company Profile

(Get Free Report)

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.

Further Reading

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