Newpark Resources Receives Consensus Rating of “Buy” from Analysts (NYSE:NR)
Newpark Resources (NYSE:NR) has received a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, Stock Ratings Network.com reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $14.56.
Shares of Newpark Resources (NYSE:NR) opened at 12.23 on Monday. Newpark Resources has a 52 week low of $10.43 and a 52 week high of $13.64. The stock has a 50-day moving average of $12.08 and a 200-day moving average of $11.61. The company has a market cap of $1.023 billion and a price-to-earnings ratio of 14.07.
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 $0.71 EPS for the current fiscal year.
Several analysts have recently commented on 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 $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, July 25th. 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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