Newpark Resources Stock Rating Upgraded by Zacks (NR)
Newpark Resources (NYSE:NR) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Friday. The firm currently has a $13.90 price target on the stock. Zacks‘s price target would suggest a potential upside of 3.73% from the company’s current price.
Shares of Newpark Resources (NYSE:NR) traded up 14.92% on Friday, hitting $13.40. 3,269,097 shares of the company’s stock traded hands. Newpark Resources has a one year low of $10.43 and a one year high of $13.64. The stock’s 50-day moving average is $11.99 and its 200-day moving average is $11.59. The company has a market cap of $1.137 billion and a price-to-earnings ratio of 13.62.
Newpark Resources (NYSE:NR) last released its earnings data on Thursday, July 24th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06. The company had revenue of $272.50 million for the quarter, compared to the consensus estimate of $244.85 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Newpark Resources will post $0.63 EPS for the current fiscal year.
NR has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of Newpark Resources from $12.50 to $14.00 in a research note on Monday, April 28th. Separately, analysts at SunTrust raised their price target on shares of Newpark Resources from $12.00 to $14.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Finally, analysts at Cowen and Company reiterated a “market perform” rating on shares of Newpark Resources in a research note on Monday, April 28th. They now have a $13.50 price target on the stock, down previously from $14.00. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Newpark Resources currently has an average rating of “Buy” and an average target price of $14.20.
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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