NPK International (NYSE:NPKI) Coverage Initiated by Analysts at B. Riley

B. Riley started coverage on shares of NPK International (NYSE:NPKI) in a research note issued to investors on Thursday morning. The firm issued a buy rating and a $11.00 price objective on the stock.

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

NPK International Stock Down 0.5 %

NPK International stock opened at $6.04 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.29 and a debt-to-equity ratio of 0.02. The company has a market cap of $522.79 million, a PE ratio of -3.30 and a beta of 2.86. NPK International has a fifty-two week low of $5.33 and a fifty-two week high of $8.65.

NPK International (NYSE:NPKI) last issued its earnings results on Wednesday, February 26th. The company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. NPK International had a positive return on equity of 5.93% and a negative net margin of 28.47%. The business had revenue of $57.52 million during the quarter, compared to analyst estimates of $59.67 million. As a group, analysts predict that NPK International will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In related 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 price of $5.38 per share, for a total transaction of $53,800.00. Following the completion of the purchase, the director now directly owns 230,287 shares of the company’s stock, valued at approximately $1,238,944.06. This trade represents a 4.54 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.80% of the stock is currently owned by insiders.

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.