NPK International (NYSE:NPKI) Sets New 1-Year High - Time to Buy?

NPK International Inc. (NYSE:NPKI - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $8.92 and last traded at $8.85, with a volume of 379466 shares traded. The stock had previously closed at $8.61.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a "buy" rating and set a $12.00 price target on shares of NPK International in a research report on Monday, May 5th.

NPK International Stock Performance

The stock has a 50 day moving average of $8.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.60 and a quick ratio of 2.37. The stock has a market cap of $762.37 million, a P/E ratio of -5.34 and a beta of 2.10.

NPK International (NYSE:NPKI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.04. The business had revenue of $64.78 million during the quarter, compared to analyst estimates of $56.01 million. NPK International had a positive return on equity of 8.09% and a negative net margin of 42.71%. As a group, equities research analysts anticipate that NPK International Inc. will post 0.39 EPS for the current year.

Insider Activity at NPK International

In other NPK International news, Director Joseph A. Cutillo acquired 12,500 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was 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 owned 12,500 shares of the company's stock, valued at approximately $100,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lori Briggs sold 9,704 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $8.38, for a total value of $81,319.52. Following the completion of the transaction, the vice president owned 268,631 shares of the company's stock, valued at $2,251,127.78. The trade was a 3.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,722 shares of company stock valued at $167,234 over the last quarter. 4.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NPKI. CWM LLC acquired a new stake in shares of NPK International in the second quarter valued at $27,000. GAMMA Investing LLC purchased a new position in shares of NPK International during the second quarter worth about $66,000. KLP Kapitalforvaltning AS purchased a new position in shares of NPK International during the second quarter worth about $129,000. Kathmere Capital Management LLC purchased a new position in shares of NPK International during the second quarter worth about $163,000. Finally, NorthCrest Asset Manangement LLC purchased a new position in shares of NPK International during the second quarter worth about $188,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

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.