NPK International (NYSE:NPKI) Price Target Raised to $12.50

Key Points

• B. Riley raised NPK International's target price from $11.00 to $12.50, indicating a potential upside of 39.35% based on current price levels.
• HC Wainwright also reaffirmed a "buy" rating with a $12.00 price objective on the stock, suggesting strong analyst confidence in NPK's performance.
• NPK International recently reported $0.11 EPS for the quarter, surpassing expectations and showcasing a positive return on equity of 8.32%.

NPK International (NYSE:NPKI - Free Report) had its price target lifted by B. Riley from $11.00 to $12.50 in a report published on Thursday,Benzinga reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for NPK International's FY2025 earnings at $0.40 EPS.

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $12.00 price target on shares of NPK International in a research report on Monday, May 5th.

NPK International Stock Performance

Shares of NYSE:NPKI traded up $0.19 during trading on Thursday, reaching $9.48. The stock had a trading volume of 1,365,409 shares, compared to its average volume of 809,843. The stock has a fifty day moving average of $8.64. The company has a market cap of $800.42 million, a PE ratio of -5.64 and a beta of 2.19. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.02. NPK International has a 1-year low of $4.76 and a 1-year high of $9.67.

NPK International (NYSE:NPKI - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.11 earnings per share for the quarter, topping 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 business had revenue of $68.23 million during the quarter, compared to analysts' expectations of $59.75 million. Sell-side analysts expect that NPK International will post 0.39 earnings per share for the current year.

Insider Buying and Selling at NPK International

In other news, VP Lori Briggs sold 8,005 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $8.57, for a total transaction of $68,602.85. Following the sale, the vice president owned 260,626 shares of the company's stock, valued at approximately $2,233,564.82. This trade represents a 2.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 19,722 shares of company stock worth $167,234. 4.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in NPK International during the second quarter worth approximately $3,559,000. Rothschild Investment LLC acquired a new position in NPK International during the second quarter worth approximately $897,000. Intech Investment Management LLC acquired a new position in NPK International during the second quarter worth approximately $481,000. Cetera Investment Advisers acquired a new position in NPK International during the second quarter worth approximately $191,000. Finally, Creative Planning purchased a new position in shares of NPK International in the 2nd quarter valued at approximately $270,000. 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.