Ridgepost Capital (NYSE:RPC) Shares Gap Up – Should You Buy?

Ridgepost Capital, Inc (NYSE:RPC)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $8.14, but opened at $8.70. Ridgepost Capital shares last traded at $8.4940, with a volume of 23,035 shares traded.

Wall Street Analyst Weigh In

RPC has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Ridgepost Capital in a research report on Monday. Zacks Research cut shares of Ridgepost Capital from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Wall Street Zen raised shares of Ridgepost Capital from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Barclays lifted their price target on shares of Ridgepost Capital from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Oppenheimer reissued an “outperform” rating on shares of Ridgepost Capital in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Ridgepost Capital Stock Performance

The firm has a market capitalization of $905.95 million, a PE ratio of 37.62 and a beta of 0.88. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $7.93.

Ridgepost Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 29th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, May 29th. This is an increase from Ridgepost Capital’s previous quarterly dividend of $0.04. Ridgepost Capital’s payout ratio is currently 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.