Stephen Blewitt Purchases 22,699 Shares of RPC

Stephen Blewitt recently acquired 22,699 shares of RPC on June 18, 2026. This insider purchase joins several others by company insiders, indicating a potential increase in confidence among those closely linked to the company.

Other Institutional Activity in RPC

FMR LLC reduced its holdings in RPC by 841,375 shares, bringing its total to 5,326,655 shares valued at about $38.67 million, a 13.6% decrease. Meanwhile, BlackRock, Inc. opened a new position with 4,003,040 shares worth roughly $29.06 million. Capital World Investors also initiated a new stake, acquiring 3,790,553 shares valued at approximately $27.52 million. Nomura Asset Management International Inc. increased its shares by 566,506, ending with 3,598,384 shares valued at $26.12 million, marking an 18.7% increase. River Road Asset Management, LLC reduced its stake by 1,751,774 shares, holding 3,387,144 shares worth about $24.59 million, a 34.1% decrease.

Ridgepost Capital, Inc Stock Down 12.5%

Shares of RPC traded near $7.54 on Tuesday. The stock has experienced a range, with a 52-week low of $6.00 and a high of $9.50. The company operates in the energy sector, providing oilfield services and equipment to the petroleum industry.

Insider Buying and Selling at Ridgepost Capital, Inc

On June 18, 2026, several insiders purchased shares of RPC. Gwilliam Scott acquired 24,540 shares, Tracey Benford bought 30,675 shares, Travis Barnes and Stephen Blewitt each purchased 22,699 shares, and Robert Stewart Jr. also acquired 22,699 shares. These transactions were not planned under Rule 10b5-1, suggesting a direct decision to invest in the company.

Analysts Set New Price Targets

Barclays maintained a 'buy' rating on RPC with a price target of $12 as of February 17, 2026. Earlier, on February 13, 2026, Barclays had also reiterated its 'buy' rating with an $11 price target. The analyst consensus reflects a positive outlook on RPC, with a mean price target indicating potential upside.

About RPC

RPC is an energy services company that provides specialized oilfield services and equipment to the oil and gas industry. Headquartered in Atlanta, Georgia, RPC supports the petroleum industry with a range of services, including pressure pumping, coiled tubing, and rental tools.

Bottom Line

The recent insider purchases at RPC, including Stephen Blewitt's acquisition of 22,699 shares, highlight growing involvement from those within the company. Institutional investors like BlackRock have also shown interest, opening new positions in RPC. Analysts maintain a positive outlook, with Barclays reaffirming its 'buy' rating. Investors often track insider buying as a potential indicator of a company's prospects, though it's important to remember that these filings reflect past actions and not necessarily current positions.