Equities research analysts forecast that Newpark Resources Inc (NYSE:NR) will post sales of $238.04 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Newpark Resources’ earnings, with the lowest sales estimate coming in at $237.50 million and the highest estimate coming in at $238.57 million. Newpark Resources reported sales of $201.66 million in the same quarter last year, which indicates a positive year-over-year growth rate of 18%. The business is scheduled to issue its next earnings report on Monday, October 29th.

On average, analysts expect that Newpark Resources will report full year sales of $949.95 million for the current year, with estimates ranging from $948.00 million to $951.90 million. For the next financial year, analysts anticipate that the firm will post sales of $1.10 billion per share, with estimates ranging from $1.10 billion to $1.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Newpark Resources.

Newpark Resources (NYSE:NR) last issued its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $236.30 million during the quarter, compared to analyst estimates of $227.33 million. Newpark Resources had a net margin of 1.30% and a return on equity of 4.74%. The business’s revenue was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 earnings per share.

A number of brokerages recently issued reports on NR. ValuEngine lowered shares of Newpark Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Zacks Investment Research upgraded shares of Newpark Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Credit Suisse Group lifted their price target on shares of Newpark Resources from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, July 30th. Finally, TheStreet upgraded shares of Newpark Resources from a “c+” rating to a “b-” rating in a research note on Tuesday, June 26th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $11.00.

Institutional investors have recently added to or reduced their stakes in the business. Element Capital Management LLC acquired a new position in shares of Newpark Resources during the first quarter valued at $113,000. New Amsterdam Partners LLC NY acquired a new position in shares of Newpark Resources during the second quarter valued at $153,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Newpark Resources during the second quarter valued at $173,000. Pillar Pacific Capital Management LLC acquired a new position in shares of Newpark Resources during the second quarter valued at $195,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Newpark Resources during the second quarter valued at $205,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:NR traded up $0.05 during midday trading on Tuesday, reaching $10.00. The company had a trading volume of 1,104,759 shares, compared to its average volume of 565,994. The company has a current ratio of 3.91, a quick ratio of 2.52 and a debt-to-equity ratio of 0.35. The firm has a market cap of $887.46 million, a PE ratio of 99.50 and a beta of 1.46. Newpark Resources has a one year low of $7.45 and a one year high of $11.65.

Newpark Resources Company Profile

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and gas exploration and production industry. It operates through two segments, 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 the Asia Pacific regions.

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Earnings History and Estimates for Newpark Resources (NYSE:NR)

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