NPK International (NYSE:NPKI) Shares Up 4.8% – Should You Buy?

NPK International Inc. (NYSE:NPKI) was up 4.8% during trading on Tuesday . The stock traded as high as $6.11 and last traded at $6.09. Approximately 160,369 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 667,051 shares. The stock had previously closed at $5.81.

Analyst Ratings Changes

NPKI has been the topic of several research reports. HC Wainwright reiterated a “buy” rating and set a $12.00 price objective on shares of NPK International in a research note on Friday, February 28th. B. Riley initiated coverage on NPK International in a research report on Thursday, March 27th. They set a “buy” rating and a $11.00 price target on the stock.

NPK International Trading Up 2.6 %

The firm has a market cap of $515.86 million, a PE ratio of -3.26 and a beta of 2.86. 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 (NYSE:NPKI) last posted its earnings results on Wednesday, February 26th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. NPK International had a negative net margin of 28.47% and a positive return on equity of 5.93%. The firm had revenue of $57.52 million during the quarter, compared to analyst estimates of $59.67 million. Sell-side analysts expect that NPK International Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling

In related news, Director John C. Minge acquired 10,000 shares of NPK International stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $5.38 per share, with a total value of $53,800.00. Following the completion of the acquisition, the director now directly owns 230,287 shares of the company’s stock, valued at $1,238,944.06. This trade represents a 4.54 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.80% of the company’s stock.

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.