NPK International (NYSE:NPKI) Trading Up 3.2% – Here’s Why

NPK International Inc. (NYSE:NPKI) traded up 3.2% on Wednesday . The stock traded as high as $6.07 and last traded at $6.07. 80,525 shares were traded during trading, a decline of 88% from the average session volume of 682,786 shares. The stock had previously closed at $5.88.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and issued a $12.00 target price on shares of NPK International in a research note on Friday, February 28th. B. Riley started coverage on NPK International in a research report on Thursday. They issued a “buy” rating and a $11.00 price objective for the company.

NPK International Price Performance

The stock has a market cap of $507.21 million, a price-to-earnings ratio of -3.20 and a beta of 2.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29.

NPK International (NYSE:NPKI) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. NPK International had a negative net margin of 28.47% and a positive return on equity of 5.93%. The business had revenue of $57.52 million for the quarter, compared to analysts’ expectations of $59.67 million. Equities research analysts forecast that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

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