Ridgepost Capital (NYSE:RPC) Stock Rating Upgraded by Wall Street Zen

Ridgepost Capital (NYSE:RPC) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also recently commented on RPC. Oppenheimer decreased their target price on shares of Ridgepost Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, August 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ridgepost Capital in a report on Monday, June 8th. Finally, Barclays reduced their price target 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Ridgepost Capital Stock Up 0.1%

NYSE:RPC opened at $8.51 on Friday. The company’s 50-day simple moving average is $8.47 and its 200-day simple moving average is $8.10. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.71 and a current ratio of 2.71. Ridgepost Capital has a fifty-two week low of $6.79 and a fifty-two week high of $12.55. The stock has a market capitalization of $938.14 million, a P/E ratio of 34.04 and a beta of 0.87.

Hedge Funds Weigh In On Ridgepost Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP acquired a new stake in Ridgepost Capital in the 2nd quarter worth approximately $96,000. Caz Investments LP purchased a new position in shares of Ridgepost Capital in the second quarter worth $157,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Ridgepost Capital during the second quarter worth $988,000. Guardian Wealth Management Inc. acquired a new stake in shares of Ridgepost Capital during the second quarter worth $2,996,000. Finally, California State Teachers Retirement System purchased a new stake in shares of Ridgepost Capital during the second quarter valued at $4,317,000. 48.05% of the stock is owned by hedge funds and other institutional investors.

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.