Newpark Resources Inc. (NYSE:NR) shot up 5.6% during mid-day trading on Friday . The stock traded as high as $6.94 and last traded at $6.93, with a volume of 367,492 shares. The stock had previously closed at $6.56.

Several research analysts have weighed in on NR shares. Zacks Investment Research raised shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a report on Thursday. Credit Suisse Group AG set a $7.00 price objective on shares of Newpark Resources and gave the stock a “buy” rating in a report on Monday. Capital One Financial Corp. raised shares of Newpark Resources from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $5.00 to $6.00 in a report on Wednesday, June 15th. Finally, Tudor Pickering raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. One equities research 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’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $6.67.

The firm’s market capitalization is $585.72 million. The company’s 50-day moving average is $5.80 and its 200-day moving average is $4.80.

Newpark Resources (NYSE:NR) last posted its earnings results on Thursday, July 28th. The company reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.09. During the same period in the prior year, the firm earned ($0.03) earnings per share. The business earned $115.30 million during the quarter, compared to the consensus estimate of $106.93 million. The business’s revenue was down 29.5% on a year-over-year basis. On average, equities research analysts anticipate that Newpark Resources Inc. will post ($0.56) earnings per share for the current fiscal year.

An institutional investor recently raised its position in Newpark Resources stock. First Trust Advisors LP boosted its position in Newpark Resources Inc. (NYSE:NR) by 22.2% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 536,418 shares of the company’s stock after buying an additional 97,468 shares during the period. First Trust Advisors LP owned about 0.64% of Newpark Resources worth $2,832,000 at the end of the most recent reporting period.

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. The Company’s Fluids Systems segment offers customized solutions, including technical drilling projects involving subsurface conditions, such as horizontal, directional, geologically deep or deep water drilling.

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