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Newpark Resources (NYSE:NR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Monday. They currently have a $14.60 price objective on the stock. Zacks‘s target price indicates a potential upside of 17.46% from the stock’s previous close.

Shares of Newpark Resources (NYSE:NR) traded up 0.24% during mid-day trading on Monday, hitting $12.46. 196,658 shares of the company’s stock traded hands. 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 $12.26 and a 200-day moving average of $11.69. The company has a market cap of $1.042 billion and a price-to-earnings ratio of 13.72.

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. Analysts expect that Newpark Resources will post $0.73 EPS for the current fiscal year.

A number of other firms have also 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. 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.66.

In other Newpark Resources news, Director David C. Anderson sold 5,000 shares of Newpark Resources stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $12.55, for a total value of $62,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

To view Zacks’ full report, visit Zacks’ official website.

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