NPK International (NYSE:NPKI) Shares Up 3.2% - What's Next?

NPK International Inc. (NYSE:NPKI - Get Free Report)'s stock price was up 3.2% on Wednesday . The company traded as high as $6.07 and last traded at $6.07. Approximately 80,525 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 682,786 shares. The stock had previously closed at $5.88.

Analysts Set New Price Targets

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

NPK International Stock Down 2.8 %

The firm has a market capitalization of $507.21 million, a P/E ratio of -3.20 and a beta of 2.86. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.08. The company had revenue of $57.52 million for the quarter, compared to analysts' expectations of $59.67 million. NPK International had a negative net margin of 28.47% and a positive return on equity of 5.93%. On average, sell-side analysts anticipate that NPK International Inc. will post 0.39 EPS for the current fiscal year.

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Insider Activity

In other NPK International news, Director John C. Minge purchased 10,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $5.38 per share, with a total value of $53,800.00. Following the completion of the acquisition, the director now directly owns 230,287 shares in the company, valued at $1,238,944.06. This trade represents a 4.54 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.