NPK International Inc. (NYSE:NPKI) Director Purchases $53,800.00 in Stock

NPK International Inc. (NYSE:NPKIGet Free Report) Director John C. Minge bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $5.38 per share, for a total transaction of $53,800.00. Following the transaction, the director now owns 230,287 shares in the company, valued at $1,238,944.06. This trade represents a 4.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NPK International Stock Performance

NPKI stock opened at $5.75 on Friday. NPK International Inc. has a 12-month low of $5.33 and a 12-month high of $8.65. The stock has a market capitalization of $497.69 million, a price-to-earnings ratio of -3.14 and a beta of 2.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29.

NPK International (NYSE:NPKIGet Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. NPK International had a negative net margin of 28.47% and a positive return on equity of 5.93%. The firm had revenue of $57.52 million for the quarter, compared to analysts’ expectations of $59.67 million. Equities research analysts anticipate that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on NPKI

NPK International Company Profile

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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.

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