Newpark Resources Inc. (NYSE:NR)’s share price rose 1.8% during trading on Wednesday . The stock traded as high as $7.30 and last traded at $7.28, with a volume of 420,120 shares changing hands. The stock had previously closed at $7.15.

NR has been the topic of several research analyst reports. Zacks Investment Research raised shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $7.25 target price on the stock in a research note on Thursday, August 4th. Credit Suisse Group AG raised 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 note on Wednesday, June 1st. Capital One Financial Corp. raised shares of Newpark Resources from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $5.00 to $6.00 in a research note on Wednesday, June 15th. Finally, Tudor Pickering raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research note on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $6.67.

The stock’s market capitalization is $619.52 million. The company has a 50-day moving average of $6.09 and a 200 day moving average of $4.95.

Newpark Resources (NYSE:NR) last issued its earnings results on Thursday, July 28th. The company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.09. The firm earned $115.30 million during the quarter, compared to analyst estimates of $106.93 million. The firm’s revenue for the quarter was down 29.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) EPS. On average, equities analysts predict that Newpark Resources Inc. will post ($0.46) EPS for the current year.

An institutional investor recently bought a new position in Newpark Resources stock. Calvert Investment Management Inc. bought a new stake in shares of Newpark Resources Inc. (NYSE:NR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 552,457 shares of the company’s stock, valued at approximately $2,917,000. Calvert Investment Management Inc. owned about 0.66% of Newpark Resources as of its most recent filing with the SEC.

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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