Share on StockTwits

Newpark Resources (NYSE:NR) CEO Paul L. Howes sold 16,692 shares of Newpark Resources stock on the open market in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $12.30, for a total value of $205,311.60. Following the sale, the chief executive officer now directly owns 634,343 shares in the company, valued at approximately $7,802,419. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Newpark Resources (NYSE:NR) traded down 1.45% during mid-day trading on Wednesday, hitting $12.26. 510,825 shares of the company’s stock traded hands. Newpark Resources has a 1-year low of $10.43 and a 1-year high of $13.64. The stock’s 50-day moving average is $12. and its 200-day moving average is $11.62. The company has a market cap of $1.026 billion and a price-to-earnings ratio of 13.73.

Newpark Resources (NYSE:NR) last released its earnings data 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. On average, analysts predict that Newpark Resources will post $0.72 earnings per share for the current fiscal year.

A number of research firms have recently commented on NR. Analysts at Cowen and Company reiterated a “market perform” rating on shares of Newpark Resources in a research note on Monday, July 28th. 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, July 28th. 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. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $14.56.

Newpark Resources, Inc, is a diversified oil and gas supplier providing products and services primarily to the oil and gases exploration (NYSE:NR) industry.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.