NPK International (NYSE:NPKI) Sets New 12-Month High - Here's What Happened

Shares of NPK International Inc. (NYSE:NPKI - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $8.66 and last traded at $8.53, with a volume of 182268 shares traded. The stock had previously closed at $8.39.

Analyst Ratings Changes

A number of equities research analysts have commented on NPKI shares. HC Wainwright reaffirmed a "buy" rating and issued a $12.00 target price on shares of NPK International in a research report on Monday, May 5th. B. Riley started coverage on NPK International in a report on Thursday, March 27th. They issued a "buy" rating and a $11.00 price objective for the company.

NPK International Stock Performance

The company's 50-day moving average price is $6.14. The company has a current ratio of 2.29, a quick ratio of 2.00 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $701.54 million, a PE ratio of -4.54 and a beta of 2.08.

NPK International (NYSE:NPKI - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. NPK International had a negative net margin of 28.47% and a positive return on equity of 5.93%. The business had revenue of $64.78 million during the quarter, compared to analysts' expectations of $56.01 million. On average, sell-side analysts anticipate that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at NPK International

In related news, Director John C. Minge acquired 10,000 shares of the firm's stock in a transaction dated 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 directly owns 230,287 shares of the company's stock, valued at $1,238,944.06. This represents a 4.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph A. Cutillo acquired 12,500 shares of the stock in a transaction dated Thursday, May 8th. The shares were bought at an average cost of $8.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director now owns 12,500 shares in the company, valued at approximately $100,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by company insiders.

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.