NPK International (NYSE:NPKI) Earns Buy Rating from Analysts at B. Riley

Investment analysts at B. Riley initiated coverage on shares of NPK International (NYSE:NPKI) in a report released on Thursday. The brokerage set a “buy” rating and a $11.00 price target on the stock. B. Riley’s target price would suggest a potential upside of 81.22% from the company’s previous close.

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

NPK International Stock Up 3.2 %

Shares of NPKI stock opened at $6.07 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.29 and a debt-to-equity ratio of 0.02. NPK International has a fifty-two week low of $5.33 and a fifty-two week high of $8.65. The stock has a market cap of $525.38 million, a P/E ratio of -3.32 and a beta of 2.86.

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

Insider Buying and Selling

In other NPK International news, Director John C. Minge acquired 10,000 shares of NPK International stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $5.38 per share, with a total value of $53,800.00. Following the completion of the purchase, 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 legal filing with the SEC, which is available through the SEC website. 4.80% of the stock is currently owned by corporate insiders.

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.