Joseph A. Cutillo Purchases 12,500 Shares of NPK International Inc. (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI) Director Joseph A. Cutillo purchased 12,500 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were acquired at an average price of $8.00 per share, for a total transaction of $100,000.00. Following the acquisition, the director now directly owns 12,500 shares in the company, valued at $100,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NPK International Trading Up 4.3 %

NYSE NPKI opened at $8.41 on Friday. NPK International Inc. has a 1 year low of $4.76 and a 1 year high of $8.65. The business’s fifty day moving average price is $5.97. The company has a current ratio of 2.29, a quick ratio of 2.00 and a debt-to-equity ratio of 0.02. The company has a market cap of $727.92 million, a P/E ratio of -4.60 and a beta of 2.08.

NPK International (NYSE:NPKI) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. NPK International had a positive return on equity of 5.93% and a negative net margin of 28.47%. The company had revenue of $64.78 million for the quarter, compared to the consensus estimate of $56.01 million. Equities research analysts forecast that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on NPKI shares. B. Riley initiated coverage on shares of NPK International in a research report on Thursday, March 27th. They set a “buy” rating and a $11.00 target price on the stock. HC Wainwright reissued a “buy” rating and set a $12.00 price objective on shares of NPK International in a report on Monday, May 5th.

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.