NPK International (NYSE:NPKI) Stock Price Up 5.2% After Analyst Upgrade

Shares of NPK International Inc. (NYSE:NPKI) were up 5.2% on Monday after HC Wainwright raised their price target on the stock from $12.00 to $18.00. HC Wainwright currently has a buy rating on the stock. NPK International traded as high as $12.96 and last traded at $12.9430. Approximately 697,278 shares were traded during trading, a decline of 13% from the average daily volume of 797,362 shares. The stock had previously closed at $12.30.

Several other analysts have also issued reports on the company. Weiss Ratings lowered NPK International from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. B. Riley increased their target price on NPK International from $11.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, Roth Capital restated a “buy” rating and set a $12.00 target price (up previously from $10.00) on shares of NPK International in a report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.17.

Insider Activity

In related news, VP Lori Briggs sold 8,005 shares of NPK International stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $9.51, for a total transaction of $76,127.55. Following the sale, the vice president owned 252,621 shares of the company’s stock, valued at approximately $2,402,425.71. This trade represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew Lanigan sold 68,896 shares of NPK International stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $10.34, for a total value of $712,384.64. Following the sale, the chief executive officer directly owned 1,095,913 shares in the company, valued at $11,331,740.42. This trade represents a 5.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 79,914 shares of company stock worth $819,686 over the last 90 days. Company insiders own 4.90% of the company’s stock.

Institutional Trading of NPK International

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

NPK International Trading Up 4.9%

The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.02. The stock has a 50-day simple moving average of $11.27 and a two-hundred day simple moving average of $9.36. The firm has a market capitalization of $1.09 billion, a P/E ratio of -7.69 and a beta of 2.10.

NPK International (NYSE:NPKI) last issued its earnings results on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $68.84 million during the quarter, compared to analyst estimates of $56.83 million. NPK International had a positive return on equity of 8.29% and a negative net margin of 62.59%. NPK International has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that NPK International Inc. will post 0.39 earnings per share for the current year.

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.