NPK International (NYSE:NPKI) Releases Quarterly 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) issued 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. NPK International had a negative net margin of 62.59% and a positive return on equity of 8.29%. The firm had revenue of $68.23 million during the quarter, compared to the consensus estimate of $59.75 million. NPK International updated its FY 2025 guidance to EPS.

NPK International Stock Performance

Shares of NYSE:NPKI traded up $0.28 during midday trading on Friday, reaching $9.27. 1,574,204 shares of the company's stock were exchanged, compared to its average volume of 907,799. NPK International has a 12 month low of $4.76 and a 12 month high of $9.40. The stock has a market cap of $782.67 million, a price-to-earnings ratio of -5.52 and a beta of 2.19. The business has a 50 day moving average price of $8.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.34 and a quick ratio of 2.37.

Insider Transactions at NPK International

In related news, VP Lori Briggs sold 9,704 shares of NPK International stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $8.38, for a total transaction of $81,319.52. Following the completion of the transaction, the vice president directly owned 268,631 shares of the company's stock, valued at $2,251,127.78. This trade represents a 3.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 19,722 shares of company stock worth $167,234. Company insiders own 4.90% of the company's stock.

Hedge Funds Weigh In On NPK International

Several institutional investors have recently added to or reduced their stakes in NPKI. Envestnet Asset Management Inc. bought a new position in NPK International during the 2nd quarter valued at about $141,000. Cetera Investment Advisers acquired a new stake in NPK International in the 2nd quarter valued at about $191,000. Finally, Creative Planning acquired a new stake in NPK International in the 2nd quarter valued at about $270,000. 80.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

NPKI has been the subject of a number of research reports. B. Riley increased their price target on shares of NPK International from $11.00 to $12.50 and gave the company a "buy" rating in a report on Thursday. HC Wainwright reaffirmed a "buy" rating and set a $12.00 price objective on shares of NPK International in a report on Monday, May 5th.

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.