NPK International (NYSE:NPKI) Stock Price Up 3.2% – Time to Buy?

Shares of NPK International Inc. (NYSE:NPKI) traded up 3.2% on Wednesday . The company traded as high as $6.07 and last traded at $6.07. 80,525 shares changed hands during mid-day 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

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

NPK International Stock Performance

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 firm has a market cap of $507.21 million, a PE ratio of -3.20 and a beta of 2.86.

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

Insiders Place Their Bets

In related news, Director John C. Minge purchased 10,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $5.38 per share, with a total value of $53,800.00. Following the completion of the purchase, the director now owns 230,287 shares in the company, valued at $1,238,944.06. This represents a 4.54 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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.