Newpark Resources Inc. (NYSE:NR)’s share price traded down 1.7% on Thursday . The company traded as low as $7.37 and last traded at $7.38, with a volume of 207,010 shares. The stock had previously closed at $7.51.

A number of equities analysts recently weighed in on the stock. Leerink Swann reaffirmed a “buy” rating and issued a $108.00 target price on shares of Newpark Resources in a research note on Thursday. Zacks Investment Research lowered shares of Newpark Resources from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. 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 note on Monday, August 1st. Capital One Financial Corp. raised shares of Newpark Resources from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $5.00 to $6.00 in a research note on Wednesday, June 15th. Finally, Tudor Pickering upgraded 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 assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $21.14.

The stock’s 50 day moving average price is $6.44 and its 200 day moving average price is $5.09. The stock’s market cap is $627.98 million.

Newpark Resources (NYSE:NR) last announced its earnings results on Thursday, July 28th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.09. The firm had revenue of $115.30 million for the quarter, compared to the consensus estimate of $106.93 million. During the same period in the prior year, the business earned ($0.03) EPS. Newpark Resources’s quarterly revenue was down 29.5% on a year-over-year basis. Equities analysts predict that Newpark Resources Inc. will post ($0.43) earnings per share for the current year.

A hedge fund recently raised its stake in Newpark Resources stock. Schwab Charles Investment Management Inc. boosted its position in Newpark Resources Inc. (NYSE:NR) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 457,178 shares of the company’s stock after buying an additional 35,053 shares during the period. Schwab Charles Investment Management Inc. owned 0.54% of Newpark Resources worth $2,414,000 as of its most recent SEC filing.

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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