NPK International (NYSE:NPKI) Shares Up 3.2% – What’s Next?

NPK International Inc. (NYSE:NPKI) shot up 3.2% during mid-day trading on Wednesday . The company traded as high as $6.07 and last traded at $6.07. 80,525 shares were traded during mid-day trading, a decline of 88% from the average session volume of 682,786 shares. The stock had previously closed at $5.88.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated 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 Price Performance

The company has a market capitalization of $527.11 million, a price-to-earnings ratio of -3.33 and a beta of 2.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00.

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

Insider Buying and Selling at NPK International

In other news, Director John C. Minge acquired 10,000 shares of NPK International stock in a transaction 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 purchase, the director now directly owns 230,287 shares in the company, valued at $1,238,944.06. The trade was a 4.54 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.80% of the stock is currently owned by insiders.

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.