Newpark Resources General Counsel Mark J. Airola Sells 147,500 Shares (NR)
Newpark Resources (NYSE:NR) General Counsel Mark J. Airola unloaded 147,500 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $12.48, for a total transaction of $1,840,800.00. Following the completion of the transaction, the general counsel now directly owns 308,115 shares of the company’s stock, valued at approximately $3,845,275. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
NR has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Newpark Resources from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $14.60 price target on the stock. Separately, 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. Finally, 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $14.66.
Shares of Newpark Resources (NYSE:NR) traded down 1.20% on Thursday, hitting $12.39. 271,444 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 $12.28 and a 200-day moving average of $11.73. The company has a market cap of $1.037 billion and a P/E ratio of 13.84.
Newpark Resources (NYSE:NR) last announced its earnings results 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 $0.73 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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