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

Key Points

• NPK International reached a new 52-week high of $10.74 during trading, with a recent volume of 37,689 shares, marking a notable increase from its previous close of $10.65.
• Multiple analysts have given NPK International a buy rating, with increased price targets; B. Riley raised its target to $12.50 while Roth Capital set theirs at $12.00.
• Insider trading activity showed CEO Matthew Lanigan selling 68,896 shares at an average price of $10.34, representing a 5.91% decrease in his ownership stake.

NPK International Inc. (NYSE:NPKI - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $10.74 and last traded at $10.74, with a volume of 37689 shares trading hands. The stock had previously closed at $10.65.

Analyst Upgrades and Downgrades

NPKI has been the topic of a number of analyst reports. B. Riley lifted their target price on shares of NPK International from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Thursday, August 7th. Roth Capital restated a "buy" rating and set a $12.00 target price (up previously from $10.00) on shares of NPK International in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $12.17.

NPK International Stock Performance

The firm has a market cap of $917.75 million, a PE ratio of -6.47 and a beta of 2.27. 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 firm's 50 day simple moving average is $9.53 and its 200 day simple moving average is $7.91.

NPK International (NYSE:NPKI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $68.23 million for the quarter, compared to analysts' expectations of $59.75 million. NPK International had a negative net margin of 62.59% and a positive return on equity of 8.29%. NPK International has set its FY 2025 guidance at EPS. On average, research analysts forecast that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Insider Transactions at NPK International

In other news, CEO Matthew Lanigan sold 68,896 shares of the business's stock in a transaction dated 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 directly owned 1,095,913 shares in the company, valued at $11,331,740.42. The trade was a 5.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lori Briggs sold 8,005 shares of the business's stock in a transaction dated 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 approximately $2,402,425.71. This trade represents a 3.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,919 shares of company stock worth $888,289. Insiders own 4.90% of the company's stock.

Hedge Funds Weigh In On NPK International

Hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank purchased a new stake in NPK International in the 2nd quarter valued at about $25,000. EverSource Wealth Advisors LLC purchased a new stake in NPK International in the 2nd quarter valued at about $26,000. CWM LLC purchased a new stake in NPK International in the 2nd quarter valued at about $27,000. Federated Hermes Inc. purchased a new stake in NPK International in the 2nd quarter valued at about $39,000. Finally, Nisa Investment Advisors LLC purchased a new stake in NPK International in the 2nd quarter valued at about $45,000. 80.81% of the stock is currently owned by institutional investors.

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.