NPK International (NYSE:NPKI) Reaches New 1-Year High – Here’s What Happened

NPK International Inc. (NYSE:NPKI) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $12.29 and last traded at $12.29, with a volume of 677794 shares trading hands. The stock had previously closed at $12.10.

Wall Street Analysts Forecast Growth

NPKI has been the topic of several research reports. Weiss Ratings upgraded shares of NPK International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Roth Capital restated a “buy” rating and issued a $12.00 price target (up from $10.00) on shares of NPK International in a research note on Tuesday, August 12th. Finally, B. Riley raised their price target on NPK International from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.17.

NPK International Stock Up 4.0%

The company’s 50 day moving average price is $10.90 and its two-hundred day moving average price is $8.95. The firm has a market cap of $1.08 billion, a PE ratio of -7.63 and a beta of 2.10. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.02.

NPK International (NYSE:NPKI) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $142.25 million for the quarter. NPK International had a positive return on equity of 8.29% and a negative net margin of 62.59%. On average, equities research analysts expect that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling at NPK International

In other news, CEO Matthew Lanigan sold 68,896 shares of NPK International stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $10.34, for a total transaction of $712,384.64. Following the transaction, the chief executive officer directly owned 1,095,913 shares of the company’s stock, valued at $11,331,740.42. The trade was a 5.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lori Briggs sold 8,005 shares of NPK International stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $9.51, for a total value of $76,127.55. Following the transaction, the vice president directly owned 252,621 shares in the company, valued at approximately $2,402,425.71. The trade was a 3.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,914 shares of company stock worth $819,686 over the last quarter. 4.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On NPK International

Several large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new position in NPK International during the third quarter valued at approximately $52,000. SG Americas Securities LLC boosted its holdings in NPK International by 178.3% in the 3rd quarter. SG Americas Securities LLC now owns 28,472 shares of the company’s stock worth $322,000 after buying an additional 18,242 shares during the period. Longboard Asset Management LP bought a new position in NPK International in the 3rd quarter worth $156,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of NPK International in the third quarter worth about $143,000. Finally, Calamos Advisors LLC raised its holdings in shares of NPK International by 338.0% during the 3rd quarter. Calamos Advisors LLC now owns 339,092 shares of the company’s stock worth $3,835,000 after acquiring an additional 261,682 shares in the last quarter. Hedge funds and other institutional investors own 80.81% 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.