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Newpark Resources (NYSE:NR) was downgraded by Capital One Financial Corp. from an “overweight” rating to an “equal weight” rating in a research note issued on Tuesday, American Banking and Market News reports.

Newpark Resources (NYSE:NR) opened at 11.67 on Tuesday. Newpark Resources has a 52-week low of $8.17 and a 52-week high of $13.64. The stock has a 50-day moving average of $11.75 and a 200-day moving average of $12.04. The company has a market cap of $1.018 billion and a P/E ratio of 16.99.

Newpark Resources (NYSE:NR) last released its earnings data on Wednesday, February 19th. The company reported $0.14 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.05. The company had revenue of $262.50 million for the quarter, compared to the consensus estimate of $288.82 million. During the same quarter last year, the company posted $0.12 earnings per share. Newpark Resources’s revenue was down 2.9% compared to the same quarter last year. Analysts expect that Newpark Resources will post $0.92 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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