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.

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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.

Earnings History for Newpark Resources (NYSE:NR)

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