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 mid-day trading on Monday . The stock traded as high as $7.91 and last traded at $7.91. Approximately 512,319 shares changed hands during mid-day 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

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

NPK International Trading Up 4.1 %

The firm has a market cap of $683.78 million, a P/E ratio of -4.32 and a beta of 2.42. The firm has a 50 day moving average price of $5.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00.

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

Insiders Place Their Bets

In other NPK International news, Director John C. Minge acquired 10,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $5.38 per share, for a total transaction of $53,800.00. Following the completion of the transaction, the director now directly owns 230,287 shares of the company's stock, valued at approximately $1,238,944.06. The trade was a 4.54 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.90% 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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