NPK International (NYSE:NPKI) Stock Price Expected to Rise, B. Riley Analyst Says

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 - Get Free Report) had its target price raised by B. Riley from $11.00 to $12.50 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. B. Riley's price objective would suggest a potential upside of 39.35% from the company's current price.

Separately, HC Wainwright reissued a "buy" rating and set a $12.00 price objective on shares of NPK International in a report on Monday, May 5th.

NPK International Price Performance

NPKI traded down $0.03 during midday trading on Thursday, hitting $8.97. 221,716 shares of the company's stock traded hands, compared to its average volume of 796,431. NPK International has a one year low of $4.76 and a one year high of $9.40. The company's fifty day moving average price is $8.60. The stock has a market capitalization of $758.14 million, a P/E ratio of -5.34 and a beta of 2.19. The company has a current ratio of 2.60, a quick ratio of 2.37 and a debt-to-equity ratio of 0.02.

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 (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $68.23 million during the quarter, compared to analyst estimates of $59.75 million. NPK International had a positive return on equity of 8.32% and a negative net margin of 62.59%. On average, research analysts expect that NPK International will post 0.39 EPS for the current year.

Insider Transactions at NPK International

In other NPK International news, VP Lori Briggs sold 8,005 shares of the company's stock in a transaction that occurred on 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 directly owned 260,626 shares in the company, valued at $2,233,564.82. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 19,722 shares of company stock worth $167,234 over the last three months. Insiders own 4.90% of the company's stock.

Hedge Funds Weigh In On NPK International

A number of institutional investors have recently modified their holdings of NPKI. Harbor Capital Advisors Inc. acquired a new position in shares of NPK International during the 2nd quarter worth approximately $7,615,000. NorthCrest Asset Manangement LLC purchased a new position in NPK International in the second quarter valued at $188,000. Diversified Trust Co acquired a new position in NPK International in the second quarter valued at $210,000. GAMMA Investing LLC acquired a new stake in shares of NPK International during the second quarter worth about $66,000. Finally, Public Employees Retirement System of Ohio purchased a new position in NPK International during the second quarter worth about $458,000. Hedge funds and other institutional investors own 80.81% of the company's stock.

NPK International Company Profile

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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