NPK International (NYSE:NPKI) Stock Price Up 5.2% After Analyst Upgrade

NPK International Inc. (NYSE:NPKI) shares shot up 5.2% during trading on Monday after HC Wainwright raised their price target on the stock from $12.00 to $18.00. HC Wainwright currently has a buy rating on the stock. NPK International traded as high as $12.96 and last traded at $12.9430. 697,278 shares were traded during mid-day trading, a decline of 13% from the average session volume of 797,362 shares. The stock had previously closed at $12.30.

NPKI has been the subject of several other reports. Weiss Ratings lowered NPK International from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. B. Riley boosted their target price on NPK International from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, Roth Capital reaffirmed a “buy” rating and set a $12.00 target price (up from $10.00) on shares of NPK International in a research report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, NPK International presently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

Insider Transactions at NPK International

In other NPK International news, CEO Matthew Lanigan sold 68,896 shares of NPK International stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $10.34, for a total transaction of $712,384.64. Following the completion of the sale, the chief executive officer owned 1,095,913 shares of the company’s stock, valued at approximately $11,331,740.42. The trade was a 5.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lori Briggs sold 8,005 shares of NPK International stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $9.51, for a total value of $76,127.55. Following the sale, the vice president directly owned 252,621 shares of the company’s stock, valued at approximately $2,402,425.71. This represents a 3.07% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 79,914 shares of company stock valued at $819,686. 4.90% of the stock is currently owned by insiders.

Institutional Trading of NPK International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co acquired a new stake in NPK International during the 2nd quarter worth about $210,000. Harbor Capital Advisors Inc. acquired a new stake in NPK International during the 2nd quarter worth about $7,615,000. Public Employees Retirement System of Ohio acquired a new stake in NPK International during the 2nd quarter worth about $458,000. Janney Montgomery Scott LLC acquired a new stake in NPK International during the 2nd quarter worth about $1,077,000. Finally, GAMMA Investing LLC purchased a new position in shares of NPK International during the 2nd quarter valued at about $66,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

NPK International Stock Up 4.9%

The company has a quick ratio of 2.08, a current ratio of 2.34 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.09 billion, a PE ratio of -7.69 and a beta of 2.10. The business has a 50 day moving average price of $11.27 and a 200 day moving average price of $9.36.

NPK International (NYSE:NPKI) last issued its earnings results on Thursday, October 30th. The company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. NPK International had a positive return on equity of 8.29% and a negative net margin of 62.59%.The firm had revenue of $68.84 million for the quarter, compared to the consensus estimate of $56.83 million. NPK International has set its FY 2025 guidance at EPS. Equities research analysts expect that NPK International Inc. will post 0.39 EPS for the current fiscal year.

NPK International Company Profile

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.