NPK International (NYSE:NPKI) Trading Down 0.7% - Should You Sell?

Key Points

• NPK International (NYSE:NPKI) experienced a slight decrease in share price, falling 0.7% to $10.33 during mid-day trading on Tuesday.
• Despite the dip in stock price, several analysts have expressed confidence in the company's future, with a consensus rating of "Buy" and a target price averaging $12.17.
• Insider trading activity included CEO Matthew Lanigan selling 68,896 shares for over $712,000, indicating a 5.91% decrease in ownership, while overall insider ownership remains at 4.90% of total shares.

NPK International Inc. (NYSE:NPKI - Get Free Report) fell 0.7% during mid-day trading on Tuesday . The company traded as low as $10.11 and last traded at $10.33. 1,905,824 shares were traded during mid-day trading, an increase of 123% from the average session volume of 854,612 shares. The stock had previously closed at $10.40.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NPKI. Roth Capital reissued a "buy" rating and issued a $12.00 target price (up previously from $10.00) on shares of NPK International in a research report on Tuesday, August 12th. B. Riley boosted their target price on NPK International from $11.00 to $12.50 and gave the company a "buy" rating in a research report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $12.17.

NPK International Trading Down 0.7%

The company's 50 day simple moving average is $9.20 and its 200 day simple moving average is $7.65. The firm has a market cap of $872.19 million, a price-to-earnings ratio of -6.15 and a beta of 2.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.34 and a quick ratio of 2.08.

NPK International (NYSE:NPKI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $68.23 million during the quarter, compared to the consensus estimate of $59.75 million. NPK International had a negative net margin of 62.59% and a positive return on equity of 8.29%. NPK International has set its FY 2025 guidance at EPS. As a group, research analysts expect that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Matthew Lanigan sold 68,896 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $10.34, for a total transaction of $712,384.64. Following the completion of the transaction, the chief executive officer owned 1,095,913 shares in the company, valued at approximately $11,331,740.42. The trade was a 5.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $81,319.52. Following the completion of the transaction, the vice president owned 268,631 shares of the company's stock, valued at $2,251,127.78. This represents a 3.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,636 shares of company stock valued at $976,541. Insiders own 4.90% of the company's stock.

Institutional Investors Weigh In On NPK International

A number of institutional investors and hedge funds have recently made changes to their positions in NPKI. Amalgamated Bank purchased a new position in NPK International during the second quarter worth about $25,000. EverSource Wealth Advisors LLC acquired a new position in NPK International during the second quarter worth about $26,000. CWM LLC acquired a new position in NPK International during the second quarter worth about $27,000. Federated Hermes Inc. acquired a new position in NPK International during the second quarter worth about $39,000. Finally, Nisa Investment Advisors LLC acquired a new position in NPK International during the second quarter worth about $45,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

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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