NPK International (NYSE:NPKI) Trading 4.8% Higher – What’s Next?

Shares of NPK International Inc. (NYSE:NPKI) rose 4.8% during mid-day trading on Tuesday . The stock traded as high as $6.11 and last traded at $6.09. Approximately 160,369 shares changed hands during trading, a decline of 76% from the average daily volume of 667,051 shares. The stock had previously closed at $5.81.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NPKI shares. HC Wainwright reissued a “buy” rating and issued a $12.00 price target on shares of NPK International in a report on Friday, February 28th. B. Riley started coverage on NPK International in a research report on Thursday, March 27th. They issued a “buy” rating and a $11.00 target price on the stock.

NPK International Trading Down 9.5 %

The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29. The stock has a market capitalization of $485.57 million, a price-to-earnings ratio of -3.07 and a beta of 2.86.

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 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 the consensus estimate of $59.67 million. As a group, research analysts expect that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director John C. Minge bought 10,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $5.38 per share, with a total value of $53,800.00. Following the purchase, the director now owns 230,287 shares of the company’s stock, valued at approximately $1,238,944.06. The trade was a 4.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.80% of the company’s stock.

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.