Newpark Resources Inc. (NR) Trading 1.6% Higher
Newpark Resources Inc. (NYSE:NR) traded up 1.6% during trading on Friday . The stock traded as high as $7.59 and last traded at $7.55, with a volume of 534,726 shares. The stock had previously closed at $7.43.
Several equities research analysts recently commented on the company. Leerink Swann reaffirmed a “buy” rating and set a $108.00 target price on shares of Newpark Resources in a research note on Thursday. Zacks Investment Research cut 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 Newpark Resources and gave the stock a “buy” rating in a research note on Monday, August 1st. Capital One Financial Corp. raised Newpark Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $5.00 to $6.00 in a research note on Wednesday, June 15th. Finally, Tudor Pickering raised 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 issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.14.
The firm’s market cap is $633.89 million. The company has a 50 day moving average price of $6.44 and a 200 day moving average price of $5.09.
Newpark Resources (NYSE:NR) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.09. The business had revenue of $115.30 million for the quarter, compared to the consensus estimate of $106.93 million. During the same period in the previous year, the company earned ($0.03) EPS. The company’s revenue for the quarter was down 29.5% on a year-over-year basis. Equities research analysts anticipate that Newpark Resources Inc. will post ($0.43) EPS for the current fiscal year.
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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