NPK International (NYSE:NPKI) Sets New 12-Month High - Still a 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)'s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $10.74 and last traded at $10.74, with a volume of 37689 shares traded. The stock had previously closed at $10.65.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. B. Riley boosted their price target on NPK International from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Roth Capital reiterated a "buy" rating and set a $12.00 price target (up previously from $10.00) on shares of NPK International in a research report on Tuesday, August 12th. Three 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 Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 2.34 and a quick ratio of 2.08. The company's 50 day simple moving average is $9.42 and its two-hundred day simple moving average is $7.79. The stock has a market capitalization of $900.02 million, a P/E ratio of -6.35 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 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. NPK International had a negative net margin of 62.59% and a positive return on equity of 8.29%. The business had revenue of $68.23 million for 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 expect that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling at NPK International

In related news, CEO Matthew Lanigan sold 68,896 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $10.34, for a total transaction of $712,384.64. Following the completion of the transaction, the chief executive officer directly owned 1,095,913 shares in the company, valued at approximately $11,331,740.42. The trade was a 5.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lori Briggs sold 8,005 shares of the company'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 value of $76,127.55. Following the sale, the vice president directly owned 252,621 shares in the company, valued at $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 ninety days, insiders sold 89,932 shares of company stock worth $905,601. 4.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. acquired a new position in NPK International during the second quarter worth $51,903,000. Wasatch Advisors LP acquired a new stake in shares of NPK International during the 2nd quarter worth approximately $25,341,000. Conversant Capital LLC acquired a new position in shares of NPK International during the 2nd quarter valued at $23,103,000. American Century Companies Inc. acquired a new stake in shares of NPK International in the second quarter worth $22,351,000. Finally, Geode Capital Management LLC bought a new position in NPK International during the second quarter valued at about $19,874,000. 80.81% of the stock is owned by institutional investors and hedge funds.

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.

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