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Research analysts at SunTrust boosted their price target on shares of Newpark Resources (NYSE:NR) from $12.00 to $14.00 in a report released on Monday, AR Network reports. The firm currently has a “neutral” rating on the stock. SunTrust’s price target would indicate a potential upside of 14.10% from the stock’s previous close.

Shares of Newpark Resources (NYSE:NR) traded up 0.25% during mid-day trading on Monday, hitting $12.27. 1,262,786 shares of the company’s stock traded hands. Newpark Resources has a 52-week low of $9.70 and a 52-week high of $13.64. The stock has a 50-day moving average of $11.36 and a 200-day moving average of $11.89. The company has a market cap of $1.060 billion and a P/E ratio of 17.84.

Newpark Resources (NYSE:NR) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.13 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.03. The company had revenue of $242.82 million for the quarter, compared to the consensus estimate of $264.05 million. During the same quarter last year, the company posted $0.18 earnings per share. Newpark Resources’s revenue was down 9.4% compared to the same quarter last year. Analysts expect that Newpark Resources will post $0.70 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company reiterated a “market perform” rating on shares of Newpark Resources in a research note on Monday. They now have a $13.50 price target on the stock, down previously from $14.00. Separately, analysts at First Analysis upgraded shares of Newpark Resources from an “underweight” rating to an “overweight” rating in a research note on Friday, March 28th. They now have a $14.00 price target on the stock. Finally, 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, February 18th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $14.11.

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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