Newpark Resources, Inc. (NR) Issues Quarterly Earnings Results
Newpark Resources, Inc. (NYSE:NR) posted its quarterly earnings data on Monday. The oil and gas company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01), Bloomberg Earnings reports. The firm had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $192.57 million. Newpark Resources had a negative net margin of 2.20% and a negative return on equity of 2.92%. The company’s quarterly revenue was up 92.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.16) EPS.
Shares of Newpark Resources (NYSE NR) opened at 9.20 on Tuesday. The firm has a 50-day moving average of $9.56 and a 200 day moving average of $8.15. Newpark Resources has a 1-year low of $5.80 and a 1-year high of $10.20. The stock’s market cap is $787.59 million.
COPYRIGHT VIOLATION NOTICE: “Newpark Resources, Inc. (NR) Issues Quarterly Earnings Results” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/31/newpark-resources-inc-nr-issues-quarterly-earnings-results.html.
Several research firms have commented on NR. Zacks Investment Research lowered shares of Newpark Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. BidaskClub lowered shares of Newpark Resources from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Cowen and Company set a $9.00 price objective on shares of Newpark Resources and gave the company a “hold” rating in a research note on Friday, October 6th. Finally, Loop Capital reiterated a “buy” rating on shares of Newpark Resources in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $9.80.
About Newpark Resources
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.
Receive News & Ratings for Newpark Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newpark Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.