Newpark Resources (NYSE: NR) recently received a number of ratings updates from brokerages and research firms:

  • 8/4/2017 – Newpark Resources was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/3/2017 – Newpark Resources was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “NEWPARK RESOURCES, INC. provides integrated environmental services to the oil and gas exploration and production industry in the Gulf Coast area, principally in Louisiana and Texas. “
  • 7/28/2017 – Newpark Resources was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/21/2017 – Newpark Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “NEWPARK RESOURCES, INC. provides integrated environmental services to the oil and gas exploration and production industry in the Gulf Coast area, principally in Louisiana and Texas. “
  • 7/3/2017 – Newpark Resources had its “buy” rating reaffirmed by analysts at Loop Capital.

Shares of Newpark Resources, Inc. (NR) opened at 8.20 on Wednesday. The company has a 50-day moving average of $7.43 and a 200-day moving average of $7.62. Newpark Resources, Inc. has a 1-year low of $5.80 and a 1-year high of $8.75. The firm’s market capitalization is $701.99 million.

Newpark Resources (NYSE:NR) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The business had revenue of $183 million during the quarter, compared to the consensus estimate of $159.51 million. Newpark Resources had a negative return on equity of 2.92% and a negative net margin of 2.20%. The company’s revenue was up 58.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.06) earnings per share. Equities research analysts predict that Newpark Resources, Inc. will post $0.08 EPS for the current fiscal year.

In other news, insider Paul L. Howes sold 141,140 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $7.95, for a total value of $1,122,063.00. Following the completion of the sale, the insider now directly owns 502,625 shares of the company’s stock, valued at $3,995,868.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bruce Campbell Smith sold 10,578 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $8.00, for a total value of $84,624.00. Following the completion of the sale, the executive vice president now directly owns 226,034 shares of the company’s stock, valued at $1,808,272. The disclosure for this sale can be found here. Insiders sold 241,985 shares of company stock valued at $1,939,122 over the last three months. Corporate insiders own 4.70% of the company’s stock.

Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.

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