NPK International (NYSE:NPKI) Trading 4.2% Higher - Here's What Happened

NPK International Inc. (NYSE:NPKI - Get Free Report) was up 4.2% during trading on Monday . The stock traded as high as $7.91 and last traded at $7.91. Approximately 512,319 shares changed hands during trading, a decline of 29% from the average daily volume of 717,112 shares. The stock had previously closed at $7.59.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. B. Riley assumed coverage on shares of NPK International in a research note on Thursday, March 27th. They issued a "buy" rating and a $11.00 target price on the stock. HC Wainwright reissued a "buy" rating and issued a $12.00 price target on shares of NPK International in a report on Monday, May 5th.

NPK International Trading Up 4.3 %

The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00. The stock has a market cap of $727.92 million, a PE ratio of -4.60 and a beta of 2.08. The firm has a fifty day moving average price of $5.97.

NPK International (NYSE:NPKI - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.04. The business had revenue of $64.78 million during the quarter, compared to analyst estimates of $56.01 million. NPK International had a positive return on equity of 5.93% and a negative net margin of 28.47%. On average, equities analysts anticipate that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John C. Minge acquired 10,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $5.38 per share, for a total transaction of $53,800.00. Following the completion of the transaction, the director now owns 230,287 shares of the company's stock, valued at $1,238,944.06. This trade represents a 4.54 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph A. Cutillo bought 12,500 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was purchased at an average price of $8.00 per share, for a total transaction of $100,000.00. Following the acquisition, the director now directly owns 12,500 shares of the company's stock, valued at approximately $100,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 4.90% of the stock is owned by corporate insiders.

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.