Newpark Resources Inc. (NYSE:NR) was down 1% on Wednesday . The company traded as low as $5.59 and last traded at $5.66, with a volume of 226,770 shares changing hands. The stock had previously closed at $5.72.

A number of equities research analysts have recently weighed in on NR shares. Zacks Investment Research raised Newpark Resources from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a research note on Wednesday. Tudor Pickering raised Newpark Resources from a “hold” rating to a “buy” rating in a research note on Monday, May 2nd. Credit Suisse Group AG upgraded Newpark Resources from a “neutral” rating to an “outperform” rating and set a $6.00 price target on the stock in a report on Wednesday, June 1st. Finally, Capital One Financial Corp. upgraded Newpark Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $5.00 to $6.00 in a report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Newpark Resources currently has an average rating of “Buy” and an average price target of $6.38.

The stock’s market cap is $474.39 million. The firm has a 50-day moving average price of $5.20 and a 200-day moving average price of $4.67.

Newpark Resources (NYSE:NR) last posted its quarterly earnings results on Thursday, April 28th. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.03. During the same period in the previous year, the company earned $0.01 earnings per share. The firm had revenue of $114.54 million for the quarter, compared to analysts’ expectations of $134.09 million. The business’s quarterly revenue was down 45.1% on a year-over-year basis. Analysts expect that Newpark Resources Inc. will post ($0.55) earnings per share for the current fiscal year.

Several hedge funds recently bought and sold shares of NR. Royce & Associates LLC increased its stake in Newpark Resources by 19.1% in the fourth quarter. Royce & Associates LLC now owns 2,376,431 shares of the company’s stock valued at $12,548,000 after buying an additional 381,825 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Newpark Resources by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 571,861 shares of the company’s stock valued at $3,020,000 after buying an additional 19,841 shares during the last quarter. Tieton Capital Management LLC raised its position in shares of Newpark Resources by 1.4% in the fourth quarter. Tieton Capital Management LLC now owns 470,960 shares of the company’s stock valued at $2,487,000 after buying an additional 6,520 shares during the last quarter. Killen Group Inc. raised its position in shares of Newpark Resources by 1.1% in the fourth quarter. Killen Group Inc. now owns 982,514 shares of the company’s stock valued at $5,188,000 after buying an additional 10,375 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Newpark Resources by 22.2% in the fourth quarter. First Trust Advisors LP now owns 536,418 shares of the company’s stock valued at $2,832,000 after buying an additional 97,468 shares during the last quarter.

Newpark Resources, Inc is an oil and gas supplier. The Company provides products and services to the oil and gas exploration (E&P) industry. The Company operates its business through two segments: Fluids Systems and Mats and Integrated Services. Fluids Systems segment provides drilling fluids solutions, including technical drilling projects involving subsurface conditions, such as horizontal, directional, geologically deep or deep water drilling, to E&P customers in North America, Europe, the Middle East and Africa (EMEA), Latin America, and Asia Pacific.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.