Ridgepost Capital (NYSE:RPC) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Ridgepost Capital (NYSE:RPC) from a buy rating to a hold rating in a research report sent to investors on Saturday.

A number of other equities research analysts have also recently weighed in on RPC. Oppenheimer restated an “outperform” rating on shares of Ridgepost Capital in a research note on Friday, May 8th. Barclays lowered their price objective on shares of Ridgepost Capital from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, August 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Ridgepost Capital in a report on Monday, June 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Ridgepost Capital Trading Down 3.0%

Shares of NYSE RPC opened at $8.69 on Friday. Ridgepost Capital has a 12-month low of $6.79 and a 12-month high of $12.90. The firm has a market capitalization of $951.38 million, a P/E ratio of 34.76 and a beta of 0.88. The business’s 50 day simple moving average is $8.31. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.70 and a current ratio of 2.71.

Ridgepost Capital Dividend Announcement

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 given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.8%. Ridgepost Capital’s payout ratio is 64.00%.

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.