Newpark Resources Inc. (NR) Sets New 52-Week High at $7.68
Newpark Resources Inc. (NYSE:NR) shares reached a new 52-week high during trading on Thursday . The company traded as high as $7.68 and last traded at $7.65, with a volume of 441,420 shares trading hands. The stock had previously closed at $7.33.
NR has been the subject of a number of research analyst reports. Credit Suisse Group AG set a $7.00 target price on shares of Newpark Resources and gave the stock a “buy” rating in a research report on Monday, August 1st. Zacks Investment Research raised shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a research report on Wednesday, July 6th. Capital One Financial Corp. raised shares of Newpark Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $5.00 to $6.00 in a research report on Wednesday, June 15th. Finally, Tudor Pickering raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research report on Monday, May 2nd. One 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. Newpark Resources has a consensus rating of “Buy” and an average price target of $6.67.
The company’s 50-day moving average is $6.15 and its 200-day moving average is $4.97. The firm’s market capitalization is $646.99 million.
Newpark Resources (NYSE:NR) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.09. During the same quarter in the previous year, the business posted ($0.03) earnings per share. The business had revenue of $115.30 million for the quarter, compared to analyst estimates of $106.93 million. The company’s revenue was down 29.5% compared to the same quarter last year. On average, equities analysts anticipate that Newpark Resources Inc. will post ($0.46) earnings per share for the current year.
A hedge fund recently bought a new stake in Newpark Resources stock. Calvert Investment Management Inc. purchased a new stake in shares of Newpark Resources Inc. (NYSE:NR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 552,457 shares of the company’s stock, valued at approximately $2,917,000. Calvert Investment Management Inc. owned 0.66% of Newpark Resources 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. 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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