NPK International (NYSE:NPKI) Now Covered by B. Riley

B. Riley began coverage on shares of NPK International (NYSE:NPKI) in a research note issued to investors on Thursday. The firm set a “buy” rating and a $11.00 price target on the stock. B. Riley’s price objective would suggest a potential upside of 81.22% from the company’s current price.

Separately, HC Wainwright restated a “buy” rating and set a $12.00 price objective on shares of NPK International in a research report on Friday, February 28th.

NPK International Price Performance

Shares of NYSE:NPKI opened at $6.07 on Thursday. The stock has a market cap of $525.38 million, a P/E ratio of -3.32 and a beta of 2.86. NPK International has a 12-month low of $5.33 and a 12-month high of $8.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00.

NPK International (NYSE:NPKI) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. NPK International had a negative net margin of 28.47% and a positive return on equity of 5.93%. The firm had revenue of $57.52 million during the quarter, compared to analysts’ expectations of $59.67 million. Equities analysts predict that NPK International will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at NPK International

In other NPK International news, Director John C. Minge bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $5.38 per share, for a total transaction of $53,800.00. Following the completion of the purchase, the director now owns 230,287 shares of the company’s stock, valued at $1,238,944.06. This trade represents a 4.54 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.80% of the company’s stock.

About NPK International

NPK International Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.