Ridgepost Capital (NYSE:RPC) Sets New 1-Year Low - Here's What Happened

Key Points

• New 52‑week low: Ridgepost Capital (RPC) fell to a 52-week low of $6.88 on Monday and last traded around $6.975 with roughly 3,088 shares changing hands.
• Mixed analyst view, consensus "Hold": Barclays cut its target to $11 (from $12) but kept an "overweight" rating, while MarketBeat's consensus rating is "Hold" with a $11 target.
• Dividend and insider activity: RPC pays a quarterly dividend equating to a 2.1% yield (annualized $0.15) with an 83.3% payout ratio, and insiders bought 47,500 shares in the last 90 days, now owning about 11.54% of the company.

Ridgepost Capital, Inc (NYSE:RPC - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $6.88 and last traded at $6.9750, with a volume of 3088 shares. The stock had previously closed at $6.91.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RPC. Barclays decreased their target price on Ridgepost Capital from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Monday, March 2nd. Zacks Research cut Ridgepost Capital from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 23rd. Finally, Weiss Ratings initiated coverage on Ridgepost Capital in a report on Thursday, February 12th. They issued a "hold (c)" rating on the stock. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Ridgepost Capital has an average rating of "Hold" and a consensus target price of $11.00.

Ridgepost Capital Stock Performance

The company has a market cap of $790.55 million, a PE ratio of 40.11 and a beta of 0.84. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.93.

Ridgepost Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, February 27th were given a $0.0375 dividend. The ex-dividend date was Friday, February 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 2.1%. Ridgepost Capital's dividend payout ratio is 83.33%.

Insider Activity at Ridgepost Capital

In related news, Director Robert B. Stewart, Jr. acquired 5,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were bought at an average price of $8.27 per share, with a total value of $41,350.00. Following the completion of the purchase, the director owned 149,525 shares of the company's stock, valued at approximately $1,236,571.75. This represents a 3.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles K. Huebner Trust bought 12,500 shares of the company's stock in a transaction on Thursday, March 12th. The stock was bought at an average price of $7.31 per share, with a total value of $91,375.00. Following the completion of the acquisition, the insider owned 188,554 shares in the company, valued at $1,378,329.74. This represents a 7.10% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 47,500 shares of company stock valued at $392,825. Insiders own 11.54% of the company's stock.

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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