NPK International (NYSE:NPKI) Stock Rating Upgraded by Wall Street Zen

NPK International (NYSE:NPKI) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other equities research analysts have also recently issued reports about the company. HC Wainwright lifted their target price on NPK International from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of NPK International in a report on Monday, December 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NPK International presently has an average rating of “Moderate Buy” and a consensus price target of $14.17.

NPK International Trading Down 1.4%

NPK International stock opened at $12.92 on Friday. NPK International has a 1 year low of $4.76 and a 1 year high of $14.00. The firm’s 50 day moving average price is $12.23 and its 200-day moving average price is $10.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.20 and a quick ratio of 2.00. The stock has a market cap of $1.09 billion, a P/E ratio of 33.99 and a beta of 1.28.

NPK International (NYSE:NPKI) last issued its earnings results on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $68.84 million during the quarter, compared to analyst estimates of $56.83 million. NPK International had a net margin of 12.74% and a return on equity of 9.93%. On average, equities analysts predict that NPK International will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NPK International

Several large investors have recently modified their holdings of NPKI. Amalgamated Bank bought a new stake in NPK International in the second quarter worth $25,000. EverSource Wealth Advisors LLC bought a new position in NPK International during the second quarter valued at $26,000. CWM LLC purchased a new stake in shares of NPK International in the second quarter valued at $27,000. Wilmington Savings Fund Society FSB bought a new stake in shares of NPK International in the 3rd quarter worth about $28,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of NPK International during the 3rd quarter worth about $33,000. Institutional investors own 80.81% 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.