Newpark Resources Director David C. Anderson Sells 5,000 Shares (NR)
Newpark Resources (NYSE:NR) Director David C. Anderson sold 5,000 shares of Newpark Resources stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $12.55, for a total value of $62,750.00. Following the completion of the transaction, the director now directly owns 122,932 shares of the company’s stock, valued at approximately $1,542,797. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Newpark Resources (NYSE:NR) traded down 0.40% during mid-day trading on Thursday, hitting $12.52. The stock had a trading volume of 439,262 shares. 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 $12.22 and its 200-day moving average is $11.6. The company has a market cap of $1.048 billion and a price-to-earnings ratio of 13.87.
Newpark Resources (NYSE:NR) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average 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.
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