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Newpark Resources (NYSE:NR) has received an average recommendation of “Buy” from the nine brokerages that are presently covering the company, American Banking News reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $14.56.

Newpark Resources (NYSE:NR) traded down 1.72% on Monday, hitting $13.17. 212,902 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 has a 50-day moving average of $11.99 and a 200-day moving average of $11.59. The company has a market cap of $1.102 billion and a price-to-earnings ratio of 14.79.

Newpark Resources (NYSE:NR) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.17 earnings per share. Newpark Resources’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that Newpark Resources will post $0.63 EPS for the current fiscal year.

NR has been the subject of a number of recent research reports. 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 $14.00 price target on the stock, up previously from $13.50. Separately, analysts at Raymond James raised their price target on shares of Newpark Resources from $14.00 to $16.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of Newpark Resources from a “neutral” rating to an “outperform” rating in a research note on Friday. They now have a $13.90 price target on the stock.

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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