Insider Selling: David C. Anderson Sells 5,000 Shares of Newpark Resources Stock (NR)
Newpark Resources (NYSE:NR) Director David C. Anderson sold 5,000 shares of Newpark Resources stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $12.55, for a total transaction of $62,750.00. Following the sale, the director now directly owns 122,932 shares in the company, valued at approximately $1,542,797. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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, 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 four have given a buy rating to the company’s stock. Newpark Resources currently has an average rating of “Buy” and a consensus target price of $14.56.
Shares of Newpark Resources (NYSE:NR) opened at 12.52 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 $12.24 and a 200-day moving average of $11.65. The company has a market cap of $1.048 billion and a P/E ratio of 13.82.
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.
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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