13 Hot Oil Stocks to Buy Now

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8. NPK International Inc. (NYSE:NPKI)

6-Month Share Price Gain: 41.83%

Number of Hedge Fund Holders: 19

NPK International Inc. (NYSE:NPKI) is included in our list of the 13 Hot Oil Stocks to Buy Now.

On August 5, 2025, NPK International Inc. (NYSE:NPKI) reported its Q2 2025 results. A 34% increase in rental revenues to a record $31.7 million helped the company record total revenue of $68.2 million. Meanwhile, its income from continuing operations reached $8.8 million ($0.10 per diluted share) and adjusted EBITDA increased to $18.8 million (27.5% margin).

During the quarter, NPK International Inc. (NYSE:NPKI) recorded an operating cash flow of $21.4 million, ending Q2 with $26 million in cash, $9.3 million in debt, and $175 million in available liquidity. Thanks to the strong outlook for utility and critical infrastructure demand, the company raised its full-year guidance to $250-$260 million in revenue and $68-$74 million in adjusted EBITDA. At the same time, NPK’s capital allocation included a 5% rental fleet expansion and $6 million in share repurchases.

Following the strong quarterly results, B. Riley raised its price target on NPK International Inc. (NYSE:NPKI) from $11 to $12.50, maintaining a ‘Buy’ rating.

NPK International Inc. (NYSE:NPKI) delivers full-service solutions for oil and gas operations. It is included in our list of the hot stocks to buy.

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