Newpark Resources Inc. (NYSE:NR) shares were down 2.4% on Thursday . The company traded as low as $5.76 and last traded at $5.77, with a volume of 359,937 shares changing hands. The stock had previously closed at $5.91.

A number of research analysts recently weighed in on NR shares. Credit Suisse Group AG upgraded shares of Newpark Resources from a “neutral” rating to an “outperform” rating and set a $6.00 price objective on the stock in a research report on Wednesday, June 1st. Capital One Financial Corp. upgraded shares of Newpark Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $5.00 to $6.00 in a research report on Wednesday, June 15th. Zacks Investment Research upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research report on Wednesday, July 6th. Finally, Tudor Pickering upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a research report on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $6.38.

The firm has a 50-day moving average of $5.49 and a 200-day moving average of $4.69. The firm’s market cap is $486.16 million.

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

A hedge fund recently raised its stake in Newpark Resources stock. Royce & Associates LLC boosted its position in Newpark Resources Inc. (NYSE:NR) by 19.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,376,431 shares of the company’s stock after buying an additional 381,825 shares during the period. Royce & Associates LLC owned about 2.82% of Newpark Resources worth $12,548,000 at the end of the most recent 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.

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