NPK International (NYSE:NPKI) Price Target Raised to $18.00

NPK International (NYSE:NPKI) had its price objective increased by HC Wainwright from $12.00 to $18.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for NPK International’s FY2025 earnings at $0.38 EPS and FY2026 earnings at $0.53 EPS.

A number of other research analysts have also weighed in on the stock. B. Riley lifted their price target 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. Roth Capital reiterated a “buy” rating and set a $12.00 target price (up previously from $10.00) on shares of NPK International in a report on Tuesday, August 12th. Finally, Weiss Ratings cut shares of NPK International from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.17.

NPK International Trading Up 3.6%

NYSE:NPKI opened at $12.98 on Monday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -7.72 and a beta of 2.00. The business’s 50-day moving average price is $11.42 and its two-hundred day moving average price is $9.48. 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 has a 1-year low of $4.76 and a 1-year high of $14.00.

NPK International (NYSE:NPKI) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $68.84 million during the quarter, compared to analysts’ expectations 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. On average, equities analysts expect that NPK International will post 0.39 earnings per share for the current year.

Insider Transactions at NPK International

In other news, CEO Matthew Lanigan sold 68,896 shares of the company’s 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 transaction, the chief executive officer owned 1,095,913 shares of the company’s stock, valued at approximately $11,331,740.42. This represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the vice president directly owned 252,621 shares of the company’s stock, valued at approximately $2,402,425.71. The trade was a 3.07% decrease in their ownership of the stock. 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 valued at $819,686. 4.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NPK International

A number of hedge funds have recently added to or reduced their stakes in the stock. Diversified Trust Co bought a new stake in NPK International during the second quarter worth $210,000. Harbor Capital Advisors Inc. bought a new position in shares of NPK International in the 2nd quarter valued at $7,615,000. AlphaQuest LLC acquired a new position in shares of NPK International during the 2nd quarter worth $186,000. Janney Montgomery Scott LLC bought a new stake in shares of NPK International during the 2nd quarter worth $1,077,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in NPK International in the second quarter valued at about $458,000. Institutional investors own 80.81% 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.