Ridgepost Capital (NYSE:RPC) Price Target Cut to $15.00 by Analysts at Oppenheimer

Key Points

• Oppenheimer lowered Ridgepost Capital’s price target from $16 to $15 while maintaining an “outperform” rating, implying approximately 71% upside from the prior close.
• Analyst sentiment remains mixed but leans positive: the stock has a “Moderate Buy” consensus rating and an average target price of $13, based on two Buy and two Hold ratings.
• Shares rose 0.8% to $8.76, while institutional ownership stands at 48.05% after several investment firms and pension funds recently acquired stakes.

Ridgepost Capital (NYSE:RPC - Get Free Report) had its target price lowered by Oppenheimer from $16.00 to $15.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Oppenheimer's target price points to a potential upside of 71.27% from the stock's previous close.

Several other equities research analysts also recently issued reports on RPC. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Ridgepost Capital in a report on Monday, June 8th. Wall Street Zen lowered shares of Ridgepost Capital from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Finally, Barclays cut their target price 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. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.00.

Ridgepost Capital Stock Up 0.8%

Shares of NYSE RPC traded up $0.07 during midday trading on Thursday, hitting $8.76. 33,034 shares of the company's stock were exchanged, compared to its average volume of 607,283. 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 $12.63. The business has a 50 day moving average of $8.37. The company has a market capitalization of $965.48 million, a price-to-earnings ratio of 35.17 and a beta of 0.88.

Institutional Inflows and Outflows

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

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.

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