Insider Buying: NPK International Inc. (NYSE:NPKI) Director Purchases 12,500 Shares of Stock

NPK International Inc. (NYSE:NPKI) Director Joseph A. Cutillo bought 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average cost of $8.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director now owns 12,500 shares of the company’s stock, valued at $100,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 firm has a market capitalization of $727.92 million, a P/E ratio of -4.60 and a beta of 2.08. The firm’s 50 day moving average is $5.97. 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 (NYSE:NPKI) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The firm had revenue of $64.78 million for the quarter, compared to analysts’ expectations of $56.01 million. NPK International had a positive return on equity of 5.93% and a negative net margin of 28.47%. On average, analysts predict that NPK International Inc. will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. 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. B. Riley began coverage on shares of NPK International in a report on Thursday, March 27th. They issued a “buy” rating and a $11.00 price target on the stock.

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.