Oppenheimer Cuts Ridgepost Capital (NYSE:RPC) Price Target to $15.00

Ridgepost Capital (NYSE:RPC) had its price objective reduced by Oppenheimer from $16.00 to $15.00 in a research note released on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently weighed in on RPC. Wall Street Zen cut shares of Ridgepost Capital from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ridgepost Capital in a report on Monday, June 8th. Finally, Barclays lowered their price objective on Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.00.

Ridgepost Capital Price Performance

Shares of NYSE RPC opened at $8.70 on Thursday. The stock has a fifty day moving average price of $8.39. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $959.09 million, a PE ratio of 34.80 and a beta of 0.88. Ridgepost Capital has a 1 year low of $6.79 and a 1 year high of $12.55.

Ridgepost Capital Announces Dividend

The business also recently announced 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 1.8%. The ex-dividend date of this dividend is Monday, August 31st. Ridgepost Capital’s payout ratio is 64.00%.

Hedge Funds Weigh In On Ridgepost Capital

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

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.