NPK International (NYSE:NPKI) Sets New 1-Year High - Should You Buy?

Key Points

• NPK International's stock achieved a new 52-week high of $10.54, closing at $10.43 with a trading volume of 91,356 shares.
• Analysts have upgraded their ratings for NPK International, with a consensus target price of $12.17, reflecting a positive outlook on the stock.
• The company reported earnings of $0.11 per share for the last quarter, exceeding expectations, and set a FY 2025 guidance projecting a subsequent earnings per share of 0.39.

NPK International Inc. (NYSE:NPKI - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $10.54 and last traded at $10.43, with a volume of 91356 shares traded. The stock had previously closed at $10.41.

Analyst Ratings Changes

NPKI has been the topic of a number of research reports. B. Riley raised their price objective on NPK International from $11.00 to $12.50 and gave the stock a "buy" rating in a report on Thursday, August 7th. Roth Capital restated a "buy" rating and issued a $12.00 price objective (up from $10.00) on shares of NPK International in a report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $12.17.

NPK International Trading Up 1.0%

The business has a 50 day simple moving average of $9.20 and a two-hundred day simple moving average of $7.65. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.02. The stock has a market cap of $887.39 million, a price-to-earnings ratio of -6.26 and a beta of 2.27.

NPK International (NYSE:NPKI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. NPK International had a positive return on equity of 8.29% and a negative net margin of 62.59%.The firm had revenue of $68.23 million during the quarter, compared to analyst estimates of $59.75 million. NPK International has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that NPK International Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling

In other NPK International news, VP Lori Briggs sold 8,005 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $9.51, for a total transaction of $76,127.55. Following the completion of the sale, the vice president owned 252,621 shares in the company, valued at $2,402,425.71. This trade represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew Lanigan sold 68,896 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $10.34, for a total value of $712,384.64. Following the sale, the chief executive officer owned 1,095,913 shares of the company's stock, valued at approximately $11,331,740.42. This trade represents a 5.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,636 shares of company stock valued at $976,541. 4.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Amalgamated Bank acquired a new position in shares of NPK International in the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of NPK International in the 2nd quarter worth approximately $26,000. CWM LLC acquired a new position in shares of NPK International in the 2nd quarter worth approximately $27,000. Federated Hermes Inc. acquired a new position in NPK International during the 2nd quarter valued at approximately $39,000. Finally, Nisa Investment Advisors LLC acquired a new position in NPK International during the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 80.81% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.