Newpark Resources Inc. (NYSE:NR) shares fell 5.4% during mid-day 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 brokerages have recently issued reports on NR. Zacks Investment Research cut shares of Newpark Resources from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. Credit Suisse Group AG began coverage on shares of Newpark Resources in a report on Monday, July 18th. They issued an “outperform” rating and a $7.00 target price on the stock. Capital One Financial Corp. upgraded shares of 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 report on Wednesday, June 15th. Finally, Tudor Pickering upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Newpark Resources currently has a consensus rating of “Buy” and an average target price of $6.54.

The stock’s market cap is $533.55 million. The stock has a 50 day moving average of $5.68 and a 200 day moving average of $4.74.

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 the consensus estimate of ($0.15) by $0.09. The firm earned $115.30 million during the quarter, compared to analysts’ expectations of $106.93 million. During the same quarter in the previous year, the business earned ($0.03) earnings per share. The company’s revenue for the quarter was down 29.5% compared to the same quarter last year. 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 increased its stake in Newpark Resources Inc. (NYSE:NR) by 19.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 2.82% of Newpark Resources worth $12,548,000 at the end of the most recent reporting period.

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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