NPK International (NYSE:NPKI) Sets New 12-Month High - Should You Buy?

NPK International Inc. (NYSE:NPKI - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The company traded as high as $8.67 and last traded at $8.56, with a volume of 6343 shares. The stock had previously closed at $8.59.

Analysts Set New Price Targets

Several brokerages recently weighed in on NPKI. HC Wainwright reissued a "buy" rating and issued a $12.00 price objective on shares of NPK International in a research note on Monday, May 5th. B. Riley began coverage on NPK International in a report on Thursday, March 27th. They set a "buy" rating and a $11.00 target price on the stock.

NPK International Price Performance

The company has a market cap of $709.15 million, a price-to-earnings ratio of -4.58 and a beta of 2.12. The business's fifty day moving average is $7.19. The company has a quick ratio of 2.00, a current ratio of 2.29 and a debt-to-equity ratio of 0.02.

NPK International (NYSE:NPKI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $64.78 million for the quarter, compared to the consensus estimate of $56.01 million. On average, sell-side analysts forecast that NPK International Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling at NPK International

In other NPK International news, Director Joseph A. Cutillo bought 12,500 shares of the stock in a transaction on Thursday, May 8th. The stock was acquired at an average cost of $8.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director now owns 12,500 shares in the company, valued at $100,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, 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 transaction, the vice president now owns 268,631 shares in the company, 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 own 4.90% 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.