NPK International (NYSE:NPKI) Stock Price Up 4.8% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

NPKI has been the subject of several research reports. HC Wainwright reiterated a “buy” rating and set a $12.00 price objective on shares of NPK International in a research note on Friday, February 28th. B. Riley began coverage on shares of NPK International in a research report on Thursday, March 27th. They set a “buy” rating and a $11.00 price target for the company.

NPK International Trading Up 2.6 %

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 stock has a market capitalization of $515.86 million, a P/E ratio of -3.26 and a beta of 2.86.

NPK International (NYSE:NPKI) last announced 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 during the quarter, compared to the consensus estimate of $59.67 million. Analysts predict that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John C. Minge acquired 10,000 shares of NPK International stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $5.38 per share, for a total transaction of $53,800.00. Following the purchase, the director now directly owns 230,287 shares of the company’s stock, valued at $1,238,944.06. The trade was a 4.54 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.