Ridgepost Capital (NYSE:RPC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ridgepost Capital (NYSE:RPC) from a hold rating to a buy rating in a research note published on Saturday,Wall Street Zen reports.

A number of other research firms have also recently weighed in on RPC. Oppenheimer decreased their price objective on Ridgepost Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, August 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Ridgepost Capital in a research note on Monday, June 8th. Finally, Barclays decreased their price target on Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Ridgepost Capital Price Performance

Shares of RPC opened at $8.51 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.71 and a current ratio of 2.71. Ridgepost Capital has a fifty-two week low of $6.79 and a fifty-two week high of $12.55. The firm has a 50-day simple moving average of $8.48 and a 200-day simple moving average of $8.10. The company has a market capitalization of $938.14 million, a price-to-earnings ratio of 34.04 and a beta of 0.87.

Ridgepost Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 31st will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Ridgepost Capital’s dividend payout ratio (DPR) is currently 64.00%.

Hedge Funds Weigh In On Ridgepost Capital

A number of institutional investors and hedge funds have recently made changes to their positions in RPC. Susquehanna International Group LLP acquired a new stake in shares of Ridgepost Capital in the second quarter valued at about $96,000. Caz Investments LP acquired a new position in Ridgepost Capital during the second quarter worth about $157,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Ridgepost Capital in the second quarter valued at about $988,000. Guardian Wealth Management Inc. acquired a new stake in shares of Ridgepost Capital during the 2nd quarter valued at approximately $2,996,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Ridgepost Capital during the 2nd quarter valued at approximately $4,317,000. 48.05% of the stock is owned by institutional investors and hedge funds.

Ridgepost Capital Company Profile

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.