NPK International (NYSE:NPKI) Sees Unusually-High Trading Volume – What’s Next?

Shares of NPK International Inc. (NYSE:NPKI) saw unusually-high trading volume on Tuesday . Approximately 1,302,926 shares changed hands during trading, an increase of 74% from the previous session’s volume of 748,564 shares.The stock last traded at $8.51 and had previously closed at $8.36.

Analysts Set New Price Targets

A number of research firms have weighed in on NPKI. HC Wainwright reaffirmed a “buy” rating and set a $12.00 price objective on shares of NPK International in a report on Monday, May 5th. B. Riley began coverage on shares of NPK International in a research note on Thursday, March 27th. They issued a “buy” rating and a $11.00 target price for the company.

NPK International Stock Performance

The stock’s 50-day moving average is $6.93. The company has a current ratio of 2.29, a quick ratio of 2.00 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $709.15 million, a price-to-earnings ratio of -4.58 and a beta of 2.12.

NPK International (NYSE:NPKI) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The business had revenue of $64.78 million for the quarter, compared to analyst estimates of $56.01 million. NPK International had a negative net margin of 28.47% and a positive return on equity of 5.93%. Sell-side analysts predict that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other NPK International news, Director Joseph A. Cutillo bought 12,500 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were purchased at an average price of $8.00 per share, for a total transaction of $100,000.00. Following the purchase, the director now directly owns 12,500 shares of the company’s stock, valued at approximately $100,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.90% of the stock is currently owned by corporate insiders.

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.