NPK International (NYSE:NPKI) Now Covered by B. Riley

B. Riley assumed coverage on shares of NPK International (NYSE:NPKI) in a research note published on Thursday morning. The firm issued a buy rating and a $11.00 target price on the stock.

Separately, HC Wainwright restated a “buy” rating and set a $12.00 price target on shares of NPK International in a research note on Friday, February 28th.

NPK International Stock Performance

Shares of NPKI stock opened at $6.04 on Thursday. NPK International has a 1-year low of $5.33 and a 1-year high of $8.65. The firm has a market cap of $522.79 million, a P/E ratio of -3.30 and a beta of 2.86. The company has a current ratio of 2.29, a quick ratio of 2.00 and a debt-to-equity ratio of 0.02.

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

Insider Activity

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