NPK International (NYSE:NPKI) Trading Up 4.8% – Still a Buy?

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. B. Riley initiated coverage on NPK International in a research note on Thursday, March 27th. They set a “buy” rating and a $11.00 price objective 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 Friday, February 28th.

NPK International Stock Down 9.5 %

The company has a quick ratio of 2.00, a current ratio of 2.29 and a debt-to-equity ratio of 0.02. The firm has a market cap of $485.57 million, a PE ratio of -3.07 and a beta of 2.86.

NPK International (NYSE:NPKI) last posted its earnings results on Wednesday, February 26th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. NPK International had a negative net margin of 28.47% and a positive return on equity of 5.93%. The business had revenue of $57.52 million for the quarter, compared to analyst estimates of $59.67 million. Equities research analysts forecast that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at NPK International

In related news, Director John C. Minge bought 10,000 shares of the 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 completion of the transaction, the director now owns 230,287 shares in the company, valued at $1,238,944.06. The trade was a 4.54 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.