NPK International (NYSE:NPKI) Cut to “Sell (D+)” at Weiss Ratings

Weiss Ratings lowered shares of NPK International (NYSE:NPKI) from a hold (c-) rating to a sell (d+) rating in a research report sent to investors on Saturday,Weiss Ratings reports.

A number of other equities analysts have also recently weighed in on NPKI. Roth Capital reissued a “buy” rating and issued a $12.00 price target (up previously from $10.00) on shares of NPK International in a research note on Tuesday, August 12th. B. Riley lifted their target price on shares of NPK International from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.17.

NPK International Price Performance

NYSE NPKI opened at $12.91 on Friday. NPK International has a 1 year low of $4.76 and a 1 year high of $13.08. The business’s fifty day moving average is $11.02 and its two-hundred day moving average is $9.11. The stock has a market capitalization of $1.09 billion, a P/E ratio of -7.68 and a beta of 2.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.08 and a current ratio of 2.34.

NPK International (NYSE:NPKI) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $142.25 million during the quarter. NPK International had a positive return on equity of 8.29% and a negative net margin of 62.59%. On average, research analysts forecast that NPK International will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In other NPK International news, VP Lori Briggs sold 8,005 shares of NPK International stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $9.51, for a total transaction of $76,127.55. Following the transaction, the vice president owned 252,621 shares of the company’s stock, valued at $2,402,425.71. The trade was a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Matthew Lanigan sold 68,896 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $10.34, for a total value of $712,384.64. Following the completion of the transaction, the chief executive officer owned 1,095,913 shares in the company, valued at $11,331,740.42. This represents a 5.91% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,914 shares of company stock worth $819,686. Company insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On NPK International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. purchased a new position in shares of NPK International during the 2nd quarter valued at $7,615,000. NorthCrest Asset Manangement LLC purchased a new stake in shares of NPK International during the second quarter worth $188,000. Diversified Trust Co acquired a new stake in NPK International during the second quarter valued at $210,000. GAMMA Investing LLC purchased a new position in NPK International in the second quarter valued at about $66,000. Finally, Public Employees Retirement System of Ohio purchased a new position in NPK International in the second quarter valued at about $458,000. Hedge funds and other institutional investors own 80.81% 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.