Newpark Resources (NR) to Release Earnings on Thursday
Newpark Resources (NYSE:NR) will announce its Q313 earnings results on Thursday, October 24th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $285.17 million for the quarter.
Newpark Resources (NYSE:NR) last released its 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.
Newpark Resources (NYSE:NR) traded down 1.80% on Wednesday, hitting $13.07. The stock had a trading volume of 46,470 shares. Newpark Resources has a 52 week low of $6.29 and a 52 week high of $12.88. The stock has a 50-day moving average of $11.50 and a 200-day moving average of $10.66. The company has a market cap of $1.144 billion and a price-to-earnings ratio of 20.05.
NR has been the subject of a number of recent research reports. Analysts at Raymond James reiterated a “buy” rating on shares of Newpark Resources in a research note to investors on Monday, October 14th. They now have a $14.50 price target on the stock. On the ratings front, analysts at Global Hunter Securities downgraded shares of Newpark Resources from an “accumulate” rating to a “neutral” rating in a research note to investors on Monday, October 14th. They now have a $13.00 price target on the stock, down previously from $14.00. Finally, analysts at Cowen and Company reiterated a “market perform” rating on shares of Newpark Resources in a research note to investors on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.96.
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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