NPK International (NYSE:NPKI) Posts Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• NPK International reported quarterly earnings of $0.11 EPS, exceeding analyst expectations by $0.02.
• The company's stock price increased by $0.21 to close at $8.89, with a strong trading volume of over one million shares.
• HC Wainwright has reiterated a "buy" rating" on the stock with a price target of $12.00 based on recent performance.

NPK International (NYSE:NPKI - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02, Zacks reports. The company had revenue of $68.23 million during the quarter, compared to the consensus estimate of $59.75 million. NPK International had a negative net margin of 62.59% and a positive return on equity of 8.32%. NPK International updated its FY 2025 guidance to EPS.

NPK International Stock Down 0.7%

Shares of NPKI traded down $0.06 during midday trading on Thursday, hitting $8.94. The company's stock had a trading volume of 881,297 shares, compared to its average volume of 800,993. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.60 and a quick ratio of 2.37. NPK International has a one year low of $4.76 and a one year high of $9.40. The company has a market cap of $755.61 million, a PE ratio of -5.32 and a beta of 2.19. The company's fifty day moving average price is $8.60.

Analysts Set New Price Targets

Several brokerages have weighed in on NPKI. HC Wainwright reaffirmed a "buy" rating and issued a $12.00 price objective on shares of NPK International in a report on Monday, May 5th. B. Riley boosted their price target on NPK International from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Thursday.

Insider Transactions at NPK International

In other news, VP Lori Briggs sold 9,704 shares of the stock in a transaction dated Friday, June 6th. The shares were 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 approximately $2,251,127.78. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 19,722 shares of company stock valued at $167,234 in the last quarter. Insiders own 4.90% of the company's stock.

Hedge Funds Weigh In On NPK International

A hedge fund recently bought a new stake in NPK International stock. Envestnet Asset Management Inc. purchased a new position in shares of NPK International Inc. (NYSE:NPKI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,589 shares of the company's stock, valued at approximately $141,000. 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.