NPK International (NYSE:NPKI) Upgraded at Weiss Ratings

Key Points

• NPK International was recently upgraded by Weiss Ratings from a "sell (d+)" to a "hold (c-)" rating.
• Analysts from B. Riley and Roth Capital have increased their price targets for NPK International, with B. Riley setting it at $12.50 and Roth Capital at $12.00, while maintaining "buy" ratings.
• Insiders, including VP Lori Briggs and CEO Matthew Lanigan, have sold shares of NPK International recently, indicating a decrease in their stock ownership.

NPK International (NYSE:NPKI - Get Free Report) was upgraded by stock analysts at Weiss Ratings from a "sell (d+)" rating to a "hold (c-)" rating in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently weighed in on NPKI. B. Riley lifted their price target on NPK International from $11.00 to $12.50 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Roth Capital reiterated a "buy" rating and set a $12.00 price target (up from $10.00) on shares of NPK International in a report on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.17.

NPK International Price Performance

NYSE:NPKI traded down $0.11 during mid-day trading on Wednesday, reaching $11.05. 28,083 shares of the stock were exchanged, compared to its average volume of 784,448. The business has a fifty day moving average price of $10.37 and a 200 day moving average price of $8.50. The firm has a market capitalization of $932.56 million, a PE ratio of -6.59 and a beta of 2.10. NPK International has a 1-year low of $4.76 and a 1-year high of $11.74. 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 (NYSE:NPKI - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The firm had revenue of $68.23 million for the quarter, compared to analyst estimates of $59.75 million. NPK International had a positive return on equity of 8.29% and a negative net margin of 62.59%. NPK International has set its FY 2025 guidance at EPS. Research analysts expect that NPK International will post 0.39 earnings per share for the current fiscal year.

Insider Activity at NPK International

In other NPK International news, VP Lori Briggs sold 8,005 shares of NPK International stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $9.51, for a total value of $76,127.55. Following the transaction, the vice president directly owned 252,621 shares of the company's stock, valued at $2,402,425.71. The trade was a 3.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew Lanigan sold 68,896 shares of NPK International stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $10.34, for a total value of $712,384.64. Following the completion of the transaction, the chief executive officer directly owned 1,095,913 shares in the company, valued at approximately $11,331,740.42. This represents a 5.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,914 shares of company stock worth $819,686. Company insiders own 4.90% of the company's stock.

Institutional Trading of NPK International

Institutional investors and hedge funds have recently modified their holdings of the company. Amalgamated Bank bought a new stake in shares of NPK International during the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of NPK International during the second quarter valued at approximately $26,000. CWM LLC bought a new stake in shares of NPK International during the second quarter valued at approximately $27,000. Federated Hermes Inc. bought a new stake in shares of NPK International during the second quarter valued at approximately $39,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of NPK International during the second quarter valued at approximately $45,000. 80.81% of the stock is currently owned by institutional investors.

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.

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