Newpark Resources Inc. Hits New 52-Week High at $13.21 (NR)
Shares of Newpark Resources (NYSE:NR) hit a new 52-week high during trading hours on Friday, Analyst Ratings.Net reports. The company traded as high as $13.21 and last traded at $13.15, with a volume of 747,580 shares trading hands. The stock had previously closed at $12.66.
A number of analysts have recently weighed in on NR shares. Analysts at Cowen and Company reiterated a “market perform” rating on shares of Newpark Resources in a research note to investors on Wednesday. Separately, analysts at Raymond James upgraded shares of Newpark Resources from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, September 30th. They now have a $14.50 price target on the stock. Finally, analysts at Clarkson Capital upgraded shares of Newpark Resources from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, August 12th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $13.16.
Newpark Resources has a one year low of $6.29 and a one year high of $12.88. The stock has a 50-day moving average of $11.95 and a 200-day moving average of $11.09. The company has a market cap of $1.151 billion and a P/E ratio of 19.07.
Newpark Resources (NYSE:NR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.02. The company had revenue of $276.62 million for the quarter, compared to the consensus estimate of $272.03 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts expect that Newpark Resources will post $0.79 EPS for the current fiscal year.
Newpark Resources, Inc, is a diversified oil and gas supplier providing products and services primarily to the oil and gases exploration (NYSE:NR) industry.
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