Zacks Investment Research lowered shares of Newpark Resources (NYSE:NR) from a hold rating to a sell rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Newpark Resources, Inc. is a worldwide provider of value-added drilling fluids systems, and composite matting systems used in oilfield and other commercial markets. “

Other research analysts have also recently issued research reports about the stock. Raymond James set a $12.00 price target on shares of Newpark Resources and gave the stock a buy rating in a report on Wednesday, July 3rd. ValuEngine cut shares of Newpark Resources from a hold rating to a sell rating in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $12.00.

NYSE:NR opened at $7.65 on Thursday. Newpark Resources has a 52 week low of $6.06 and a 52 week high of $10.90. The firm has a 50 day moving average of $6.87 and a 200 day moving average of $7.58. The company has a quick ratio of 2.23, a current ratio of 3.57 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $675.47 million, a price-to-earnings ratio of 18.66 and a beta of 1.53.

Newpark Resources (NYSE:NR) last posted its earnings results on Tuesday, July 30th. The oil and gas company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Newpark Resources had a net margin of 2.17% and a return on equity of 5.10%. The firm had revenue of $216.41 million for the quarter, compared to analysts’ expectations of $216.63 million. During the same period in the previous year, the company earned $0.12 EPS. The company’s revenue was down 8.4% on a year-over-year basis. As a group, analysts expect that Newpark Resources will post 0.26 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Newpark Resources by 6.9% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,290,690 shares of the oil and gas company’s stock worth $30,143,000 after buying an additional 212,325 shares during the last quarter. Foundry Partners LLC raised its holdings in shares of Newpark Resources by 12.9% during the second quarter. Foundry Partners LLC now owns 696,390 shares of the oil and gas company’s stock worth $5,167,000 after purchasing an additional 79,600 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Newpark Resources by 1.7% during the second quarter. Rockefeller Capital Management L.P. now owns 1,668,105 shares of the oil and gas company’s stock worth $12,378,000 after purchasing an additional 27,441 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Newpark Resources by 461.6% during the second quarter. SG Americas Securities LLC now owns 168,060 shares of the oil and gas company’s stock worth $1,247,000 after purchasing an additional 138,137 shares during the last quarter. Finally, Hillcrest Asset Management LLC raised its holdings in shares of Newpark Resources by 35.9% during the first quarter. Hillcrest Asset Management LLC now owns 804,936 shares of the oil and gas company’s stock worth $7,373,000 after purchasing an additional 212,764 shares during the last quarter.

Newpark Resources Company Profile

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production industry. It operates through two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment offers drilling and completion fluids solutions, and technical services to customers in the North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific regions.

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