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Newpark Resources (NYSE:NR) was upgraded by equities researchers at EVA Dimensions LLC from an “underweight” rating to a “hold” rating in a research report issued on Thursday, American Banking and Market News reports.

Newpark Resources (NYSE:NR) traded up 1.13% during mid-day trading on Thursday, hitting $11.235. 199,777 shares of the company’s stock traded hands. Newpark Resources has a 52 week low of $8.17 and a 52 week high of $13.64. The stock’s 50-day moving average is $11.67 and its 200-day moving average is $12.04. The company has a market cap of $979.7 million and a P/E ratio of 16.17.

Newpark Resources (NYSE:NR) last announced its earnings results 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. On average, analysts predict that Newpark Resources will post $0.76 earnings per share for the current fiscal year.

Separately, analysts at Capital One Financial Corp. downgraded shares of Newpark Resources from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.63.

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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