Somewhat Positive Media Coverage Somewhat Unlikely to Impact Newpark Resources (NR) Share Price
Press coverage about Newpark Resources (NYSE:NR) has been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Newpark Resources earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 44.8797137631565 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Newpark Resources, Inc. (NR) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- BRIEF-Newpark Resources Says Increased Size Of Board To Eight (NR) (markets.businessinsider.com)
- Newpark Resources (NR) Appoints Rose Robeson to Board (streetinsider.com)
- Newpark Adds Rose Robeson To Its Board Of Directors (finance.yahoo.com)
- $199.48 Million in Sales Expected for Newpark Resources, Inc. (NR) This Quarter (americanbankingnews.com)
A number of brokerages have recently issued reports on NR. Cowen set a $9.00 target price on shares of Newpark Resources and gave the stock a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Tuesday, October 24th. Finally, SunTrust Banks upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Newpark Resources has an average rating of “Hold” and an average target price of $10.25.
Newpark Resources (NYSE:NR) opened at $8.65 on Friday. The company has a current ratio of 2.71, a quick ratio of 1.96 and a debt-to-equity ratio of 0.27. The stock has a market cap of $729.61, a P/E ratio of 216.30 and a beta of 1.58. Newpark Resources has a 1 year low of $6.40 and a 1 year high of $10.20.
Newpark Resources (NYSE:NR) last announced its earnings results on Monday, October 30th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Newpark Resources had a negative return on equity of 0.29% and a net margin of 0.48%. The business had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $192.57 million. During the same quarter last year, the business posted ($0.16) earnings per share. The business’s revenue was up 92.8% on a year-over-year basis. research analysts predict that Newpark Resources will post 0.06 EPS for the current year.
In other Newpark Resources news, Director G Stephen Finley sold 11,300 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $8.79, for a total value of $99,327.00. Following the completion of the sale, the director now owns 192,658 shares of the company’s stock, valued at $1,693,463.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David C. Anderson sold 17,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $8.91, for a total value of $151,470.00. Following the completion of the sale, the director now directly owns 170,841 shares of the company’s stock, valued at approximately $1,522,193.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,423 shares of company stock worth $360,346. 4.90% of the stock is currently owned by insiders.
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About Newpark Resources
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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