Newpark Resources, Inc. (NR) Set to Announce Earnings on Wednesday
Newpark Resources, Inc. (NYSE:NR) is set to post its quarterly earnings results after the market closes on Wednesday, October 25th. Analysts expect Newpark Resources to post earnings of $0.04 per share for the quarter.
Newpark Resources (NYSE:NR) last released its earnings results on Thursday, July 27th. The oil and gas company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $183.00 million during the quarter, compared to the consensus estimate of $159.51 million. Newpark Resources had a negative return on equity of 2.92% and a negative net margin of 2.20%. Newpark Resources’s revenue was up 58.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) EPS. On average, analysts expect Newpark Resources to post $0.07 EPS for the current fiscal year and $0.33 EPS for the next fiscal year.
Newpark Resources, Inc. (NYSE:NR) opened at 9.55 on Wednesday. The firm’s market capitalization is $817.56 million. The firm has a 50-day moving average price of $9.24 and a 200 day moving average price of $8.04. Newpark Resources, Inc. has a 52-week low of $5.80 and a 52-week high of $10.20.
In other news, VP Matthew Lanigan sold 40,771 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $8.46, for a total value of $344,922.66. Following the completion of the sale, the vice president now owns 50,000 shares in the company, valued at $423,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.90% of the company’s stock.
Several brokerages have commented on NR. Cowen and Company set a $9.00 price target on Newpark Resources and gave the stock a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research upgraded Newpark Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub upgraded Newpark Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Loop Capital restated a “buy” rating on shares of Newpark Resources in a research note on Monday, July 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.50.
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Newpark Resources Company Profile
Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.
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