NPK International (NYSE:NPKI) Sets New 12-Month High – Should You Buy?

NPK International Inc. (NYSE:NPKI)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $8.66 and last traded at $8.53, with a volume of 182268 shares traded. The stock had previously closed at $8.39.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NPKI shares. B. Riley began coverage on shares of 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 reiterated a “buy” rating and set a $12.00 price objective on shares of NPK International in a research report on Monday, May 5th.

NPK International Price Performance

The firm has a market capitalization of $724.36 million, a P/E ratio of -4.68 and a beta of 2.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29. The company’s fifty day moving average is $6.08.

NPK International (NYSE:NPKI) last announced its earnings results on Thursday, May 1st. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.08 by $0.04. NPK International had a positive return on equity of 5.93% and a negative net margin of 28.47%. The business had revenue of $64.78 million during the quarter, compared to the consensus estimate of $56.01 million. As a group, analysts forecast that NPK International Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Joseph A. Cutillo bought 12,500 shares of the stock in a transaction on Thursday, May 8th. The stock was purchased at an average price of $8.00 per share, for a total transaction of $100,000.00. Following the acquisition, the director now owns 12,500 shares in the company, valued at approximately $100,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John C. Minge purchased 10,000 shares of NPK International stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $5.38 per share, with a total value of $53,800.00. Following 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 disclosure for this purchase can be found here. Insiders own 4.90% of the company’s stock.

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.