Newpark Resources, Inc. (NYSE:NR) has been assigned an average rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $9.50.

NR has been the topic of a number of research reports. BidaskClub lowered Newpark Resources from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Cowen and Company set a $9.00 price objective on Newpark Resources and gave the company a “hold” rating in a report on Friday, October 6th. Finally, Zacks Investment Research raised Newpark Resources from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.

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Newpark Resources (NR) traded down 0.286% during midday trading on Wednesday, reaching $8.725. 77,265 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $9.57 and a 200 day moving average price of $8.16. Newpark Resources has a 12 month low of $5.80 and a 12 month high of $10.20. The company’s market cap is $746.93 million.

Newpark Resources (NYSE:NR) last issued its quarterly earnings data on Monday, October 30th. The oil and gas company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Newpark Resources had a net margin of 0.48% and a negative return on equity of 0.29%. The firm had revenue of $201.70 million during the quarter, compared to analyst estimates of $192.57 million. During the same period in the prior year, the company earned ($0.16) earnings per share. The business’s quarterly revenue was up 92.8% compared to the same quarter last year. On average, equities analysts anticipate that Newpark Resources will post $0.10 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Newpark Resources by 60,897.4% during the 1st quarter. BlackRock Inc. now owns 12,637,450 shares of the oil and gas company’s stock worth $102,364,000 after purchasing an additional 12,616,732 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Newpark Resources by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 7,791,303 shares of the oil and gas company’s stock worth $57,266,000 after purchasing an additional 393,328 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Newpark Resources by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,467,396 shares of the oil and gas company’s stock worth $54,886,000 after purchasing an additional 347,306 shares in the last quarter. Daruma Capital Management LLC grew its holdings in shares of Newpark Resources by 221.1% during the 2nd quarter. Daruma Capital Management LLC now owns 5,830,179 shares of the oil and gas company’s stock worth $42,852,000 after purchasing an additional 4,014,692 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Newpark Resources by 27.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,330,770 shares of the oil and gas company’s stock worth $24,481,000 after purchasing an additional 715,250 shares in the last quarter.

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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