NPK International (NYSE:NPKI) Stock Price Up 5.2% Following Analyst Upgrade

Shares of NPK International Inc. (NYSE:NPKI) traded up 5.2% during trading on Monday after HC Wainwright raised their price target on the stock from $12.00 to $18.00. HC Wainwright currently has a buy rating on the stock. NPK International traded as high as $12.96 and last traded at $12.9430. 697,278 shares were traded during trading, a decline of 13% from the average session volume of 797,362 shares. The stock had previously closed at $12.30.

Several other research analysts have also weighed in on NPKI. Weiss Ratings lowered shares of NPK International from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. B. Riley upped their price objective on shares of NPK International from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Roth Capital reiterated a “buy” rating and issued a $12.00 price objective (up previously from $10.00) on shares of NPK International in a research note on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.17.

Insider Buying and Selling at NPK International

In other news, VP Lori Briggs sold 8,005 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $9.51, for a total transaction of $76,127.55. Following the transaction, the vice president owned 252,621 shares in the company, valued at $2,402,425.71. This represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew Lanigan sold 68,896 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $10.34, for a total transaction of $712,384.64. Following the transaction, the chief executive officer owned 1,095,913 shares in the company, valued at approximately $11,331,740.42. This trade represents a 5.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 79,914 shares of company stock worth $819,686. 4.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. acquired a new position in shares of NPK International during the 2nd quarter worth $51,903,000. Wasatch Advisors LP bought a new stake in shares of NPK International during the 2nd quarter worth $25,341,000. Conversant Capital LLC bought a new stake in shares of NPK International during the 2nd quarter worth $23,103,000. American Century Companies Inc. bought a new stake in shares of NPK International during the 2nd quarter worth $22,351,000. Finally, Geode Capital Management LLC bought a new stake in shares of NPK International during the 2nd quarter worth $19,874,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

NPK International Trading Up 3.4%

The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average is $11.32 and its 200-day moving average is $9.40. The firm has a market capitalization of $1.07 billion, a P/E ratio of -7.57 and a beta of 2.10.

NPK International (NYSE:NPKI) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $68.84 million during the quarter, compared to the consensus estimate of $56.83 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, sell-side analysts anticipate that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

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.