Barclays Has Lowered Expectations for Ridgepost Capital (NYSE:RPC) Stock Price

Ridgepost Capital (NYSE:RPC) had its target price decreased by analysts at Barclays from $12.00 to $11.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 36.14% from the company’s current price.

Several other analysts have also recently commented on the stock. Weiss Ratings started coverage on shares of Ridgepost Capital in a research note on Thursday, February 12th. They issued a “hold (c)” rating on the stock. Zacks Research raised Ridgepost Capital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $11.00.

Ridgepost Capital Stock Performance

Shares of RPC traded up $0.01 on Monday, reaching $8.08. The company’s stock had a trading volume of 31,746 shares, compared to its average volume of 617,619. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.99. The company has a market cap of $888.88 million, a price-to-earnings ratio of 44.89 and a beta of 0.84. Ridgepost Capital has a 12-month low of $7.92 and a 12-month high of $13.19.

Insider Buying and Selling

In other news, Director Robert B. Stewart, Jr. bought 5,000 shares of Ridgepost Capital stock in a transaction on Tuesday, February 24th. The stock was acquired at an average price of $8.27 per share, with a total value of $41,350.00. Following the completion of the acquisition, the director directly owned 149,525 shares of the company’s stock, valued at $1,236,571.75. The trade was a 3.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.54% 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.