Newpark Resources Inc. (NYSE:NR)’s share price fell 5.4% during trading on Thursday . The stock traded as low as $5.49 and last traded at $5.56, with a volume of 383,110 shares. The stock had previously closed at $5.88.

Several research firms recently commented on NR. Zacks Investment Research upgraded 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. upgraded Newpark Resources from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $5.00 to $6.00 in a research report on Wednesday, June 15th. Tudor Pickering upgraded Newpark Resources from a “hold” rating to a “buy” rating in a research report on Monday, May 2nd. Finally, Credit Suisse Group AG began coverage on Newpark Resources in a research report on Monday, July 18th. They set an “outperform” rating and a $7.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $6.54.

The company’s market capitalization is $481.96 million. The firm’s 50 day moving average is $5.65 and its 200 day moving average is $4.73.

Newpark Resources (NYSE:NR) last announced its earnings results on Thursday, July 28th. The company reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.09. The company earned $115.30 million during the quarter, compared to the consensus estimate of $106.93 million. Newpark Resources’s revenue for the quarter was down 29.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.03) earnings per share. On average, equities analysts predict that Newpark Resources Inc. will post ($0.55) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Newpark Resources stock. Royce & Associates LLC boosted its stake in Newpark Resources Inc. (NYSE:NR) by 19.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,376,431 shares of the company’s stock after buying an additional 381,825 shares during the period. Royce & Associates LLC owned about 2.82% of Newpark Resources worth $12,548,000 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. Fluids Systems segment provides drilling fluids solutions, including technical drilling projects involving subsurface conditions, such as horizontal, directional, geologically deep or deep water drilling, to E&P customers in North America, Europe, the Middle East and Africa (EMEA), Latin America, and Asia Pacific.

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