Newpark Resources Inc. (NR) Trading 1.6% Higher
Shares of Newpark Resources Inc. (NYSE:NR) traded up 1.6% during trading on Friday . The company 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.
A number of analysts recently commented on the company. Leerink Swann reaffirmed a “buy” rating and issued a $108.00 price target on shares of Newpark Resources in a research note on Thursday. Zacks Investment Research lowered 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 price target 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 price target 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. Newpark Resources has a consensus rating of “Buy” and an average price target of $21.14.
The stock’s market capitalization is $633.89 million. The stock has a 50-day moving average price of $6.49 and a 200-day moving average price of $5.11.
Newpark Resources (NYSE:NR) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.09. The firm earned $115.30 million during the quarter, compared to the consensus estimate of $106.93 million. During the same period in the previous year, the firm earned ($0.03) EPS. The business’s revenue was down 29.5% compared to the same quarter last year. Analysts forecast 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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