NPK International (NYSE:NPKI) Shares Up 0.9% - What's Next?

Shares of NPK International Inc. (NYSE:NPKI - Get Free Report) shot up 0.9% on Thursday . The stock traded as high as $8.85 and last traded at $8.82. 472,215 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 928,286 shares. The stock had previously closed at $8.74.

Wall Street Analyst Weigh In

NPKI has been the subject of a number of recent analyst reports. HC Wainwright reissued a "buy" rating and set a $12.00 target price on shares of NPK International in a research report on Monday, May 5th. B. Riley began coverage on shares of NPK International in a research report on Thursday, March 27th. They set a "buy" rating and a $11.00 price objective for the company.

NPK International Stock Up 0.9%

The company has a quick ratio of 2.37, a current ratio of 2.60 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $8.07. The company has a market capitalization of $745.47 million, a PE ratio of -5.22 and a beta of 2.10.

NPK International (NYSE:NPKI - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.04. The firm had revenue of $64.78 million for the quarter, compared to the consensus estimate of $56.01 million. NPK International had a positive return on equity of 8.09% and a negative net margin of 42.71%. On average, equities analysts forecast that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Lori Briggs sold 9,704 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $8.38, for a total value of $81,319.52. Following the transaction, the vice president owned 268,631 shares of the company's stock, valued at approximately $2,251,127.78. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph A. Cutillo bought 12,500 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of $8.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the director directly owned 12,500 shares in the company, valued at approximately $100,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by 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.

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