Newpark Resources Inc (NYSE:NR) – Research analysts at Capital One Financial lowered their FY2018 EPS estimates for shares of Newpark Resources in a research report issued to clients and investors on Thursday, November 15th. Capital One Financial analyst L. Lemoine now expects that the oil and gas company will earn $0.36 per share for the year, down from their previous estimate of $0.40. Capital One Financial also issued estimates for Newpark Resources’ Q4 2018 earnings at $0.08 EPS, Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.19 EPS, FY2019 earnings at $0.57 EPS and FY2020 earnings at $0.83 EPS.

Newpark Resources (NYSE:NR) last announced its earnings results on Thursday, October 25th. The oil and gas company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The business had revenue of $235.33 million for the quarter, compared to the consensus estimate of $237.08 million. Newpark Resources had a net margin of 1.36% and a return on equity of 5.56%.

Several other equities research analysts have also recently weighed in on NR. ValuEngine raised Newpark Resources from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th. Credit Suisse Group upped their price target on Newpark Resources from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, July 30th. Zacks Investment Research cut Newpark Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Finally, TheStreet cut Newpark Resources from a “b-” rating to a “c+” rating in a research note on Monday, October 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $11.00.

Shares of Newpark Resources stock opened at $7.71 on Monday. The company has a quick ratio of 2.31, a current ratio of 3.70 and a debt-to-equity ratio of 0.32. The company has a market cap of $751.89 million, a P/E ratio of 77.10 and a beta of 1.59. Newpark Resources has a 52 week low of $7.27 and a 52 week high of $11.65.

A number of hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its stake in Newpark Resources by 30.1% in the second quarter. Advisors Asset Management Inc. now owns 28,041 shares of the oil and gas company’s stock worth $304,000 after purchasing an additional 6,486 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of Newpark Resources by 0.4% in the third quarter. Rockefeller Capital Management L.P. now owns 1,632,264 shares of the oil and gas company’s stock worth $16,894,000 after acquiring an additional 6,830 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of Newpark Resources by 7.1% in the second quarter. Citadel Advisors LLC now owns 124,345 shares of the oil and gas company’s stock worth $1,349,000 after acquiring an additional 8,204 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Newpark Resources by 5.5% in the second quarter. Legal & General Group Plc now owns 189,497 shares of the oil and gas company’s stock worth $2,064,000 after acquiring an additional 9,834 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of Newpark Resources by 49.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 31,525 shares of the oil and gas company’s stock worth $326,000 after acquiring an additional 10,500 shares during the last quarter.

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.

Featured Article: Buyback For Investors Defined

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

Receive News & Ratings for Newpark Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newpark Resources and related companies with MarketBeat.com's FREE daily email newsletter.