NPK International (NYSE:NPKI) Sees Unusually-High Trading Volume - Still a Buy?

NPK International Inc. (NYSE:NPKI - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 1,302,926 shares traded hands during mid-day trading, an increase of 74% from the previous session's volume of 748,564 shares.The stock last traded at $8.51 and had previously closed at $8.36.

Wall Street Analyst Weigh In

NPKI has been the subject of a number of research analyst reports. HC Wainwright reaffirmed a "buy" rating and set 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 research note on Thursday, March 27th. They issued a "buy" rating and a $11.00 price target on the stock.

NPK International Price Performance

The stock has a fifty day moving average price of $7.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29. The company has a market capitalization of $722.67 million, a price-to-earnings ratio of -4.67 and a beta of 2.12.

NPK International (NYSE:NPKI - Get Free Report) last released its 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. NPK International had a positive return on equity of 5.93% and a negative net margin of 28.47%. The company had revenue of $64.78 million during the quarter, compared to analyst estimates of $56.01 million. On average, equities analysts forecast that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at NPK International

In other NPK International news, Director Joseph A. Cutillo purchased 12,500 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average price of $8.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the director now directly owns 12,500 shares of the company's stock, valued at approximately $100,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lori Briggs sold 9,704 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $8.38, for a total transaction of $81,319.52. Following the transaction, the vice president now owns 268,631 shares of the company's stock, valued at approximately $2,251,127.78. This represents a 3.49% decrease in their position. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by corporate 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.