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Raymond James hoisted their price target on shares of Newpark Resources (NYSE:NR) from $12.50 to $14.00 in a research note issued on Monday, Analyst Ratings Net reports. Raymond James’ price objective suggests a potential upside of 14.10% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust raised their price target on shares of Newpark Resources from $12.00 to $14.00 in a research note on Monday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Six equities research 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 a consensus rating of “Hold” and a consensus price target of $14.11.

Shares of Newpark Resources (NYSE:NR) traded up 0.25% during mid-day trading on Monday, hitting $12.27. The stock had a trading volume of 1,262,786 shares. 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 price-to-earnings ratio of 17.84.

Newpark Resources (NYSE:NR) last released its earnings data on Thursday, April 24th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. Analysts expect that Newpark Resources will post $0.70 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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