NPK International (NYSE:NPKI) Shares Gap Up After Earnings Beat

NPK International Inc. (NYSE:NPKI) gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $6.04, but opened at $7.72. NPK International shares last traded at $7.58, with a volume of 375,429 shares traded.

The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The firm had revenue of $64.78 million during the quarter, compared to the consensus estimate of $56.01 million. NPK International had a negative net margin of 28.47% and a positive return on equity of 5.93%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NPKI shares. B. Riley assumed coverage on NPK International in a research report on Thursday, March 27th. They set a “buy” rating and a $11.00 target price on the stock. HC Wainwright reissued a “buy” rating and set a $12.00 price target on shares of NPK International in a report on Friday, February 28th.

Insiders Place Their Bets

In related news, Director John C. Minge bought 10,000 shares of NPK International stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $5.38 per share, with a total value of $53,800.00. Following the purchase, the director now owns 230,287 shares in the company, valued at $1,238,944.06. This represents a 4.54 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.90% of the stock is currently owned by insiders.

NPK International Stock Performance

The firm has a market cap of $654.35 million, a P/E ratio of -4.13 and a beta of 2.42. The business’s fifty day moving average price is $5.76. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29.

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.