NPK International (NYSE:NPKI) Upgraded at Wall Street Zen

NPK International (NYSE:NPKI) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other research firms have also recently commented on NPKI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NPK International in a research note on Monday. HC Wainwright raised their price objective on NPK International from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.17.

NPK International Price Performance

NYSE:NPKI opened at $12.92 on Friday. NPK International has a 12-month low of $4.76 and a 12-month high of $14.00. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 33.99 and a beta of 1.28. The company’s 50-day moving average is $12.23 and its two-hundred day moving average is $10.41. The company has a current ratio of 2.20, a quick ratio of 2.00 and a debt-to-equity ratio of 0.02.

NPK International (NYSE:NPKI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $68.84 million during the quarter, compared to the consensus estimate of $56.83 million. NPK International had a net margin of 12.74% and a return on equity of 9.93%. Research analysts expect that NPK International will post 0.39 EPS for the current year.

Institutional Trading of NPK International

Several institutional investors have recently made changes to their positions in NPKI. Tudor Investment Corp ET AL raised its position in shares of NPK International by 985.9% in the 3rd quarter. Tudor Investment Corp ET AL now owns 506,585 shares of the company’s stock worth $5,729,000 after buying an additional 459,935 shares during the period. Penn Capital Management Company LLC purchased a new stake in NPK International during the third quarter valued at about $600,000. Wilmington Savings Fund Society FSB acquired a new stake in NPK International during the third quarter worth about $28,000. Verition Fund Management LLC increased its stake in NPK International by 7.7% during the third quarter. Verition Fund Management LLC now owns 65,042 shares of the company’s stock worth $736,000 after acquiring an additional 4,630 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of NPK International in the 3rd quarter worth about $179,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

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.