Newpark Resources Inc. (NYSE:NR) dropped 1.7% during mid-day trading on Thursday . The stock 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.

NR has been the topic of several research analyst reports. Capital One Financial Corp. upgraded 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 research note on Wednesday, June 15th. Credit Suisse Group AG initiated coverage on shares of Newpark Resources in a research note on Monday, July 18th. They issued an “outperform” rating and a $7.00 price objective on the stock. Tudor Pickering upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a research note on Monday, May 2nd. Zacks Investment Research upgraded shares of Newpark Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, May 17th. Finally, Leerink Swann restated a “buy” rating and issued a $108.00 price objective on shares of Newpark Resources in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Newpark Resources presently has a consensus rating of “Buy” and an average target price of $21.14.

The company’s market capitalization is $633.89 million. The stock’s 50-day moving average price is $6.49 and its 200 day moving average price is $5.11.

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