Wall Street brokerages predict that Newpark Resources, Inc. (NYSE:NR) will report $199.48 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Newpark Resources’ earnings, with the highest sales estimate coming in at $199.90 million and the lowest estimate coming in at $199.20 million. Newpark Resources reported sales of $137.08 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 45.5%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Newpark Resources will report full year sales of $199.48 million for the current financial year, with estimates ranging from $742.70 million to $743.30 million. For the next year, analysts anticipate that the business will post sales of $921.50 million per share, with estimates ranging from $885.20 million to $984.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Newpark Resources.

Newpark Resources (NYSE:NR) last announced its earnings results on Monday, October 30th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The company had revenue of $201.70 million during the quarter, compared to analyst estimates of $192.57 million. Newpark Resources had a negative return on equity of 0.29% and a net margin of 0.48%. Newpark Resources’s revenue for the quarter was up 92.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.16) earnings per share.

A number of brokerages recently weighed in on NR. BidaskClub lowered shares of Newpark Resources from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Newpark Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Cowen set a $9.00 target price on shares of Newpark Resources and gave the stock a “hold” rating in a research note on Friday, October 6th. Finally, SunTrust Banks raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.80.

In other news, Director David C. Anderson sold 17,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $8.91, for a total transaction of $151,470.00. Following the completion of the transaction, the director now directly owns 170,841 shares in the company, valued at approximately $1,522,193.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director G Stephen Finley sold 11,300 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $8.79, for a total transaction of $99,327.00. Following the transaction, the director now owns 192,658 shares of the company’s stock, valued at $1,693,463.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,300 shares of company stock valued at $268,457. Company insiders own 4.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Newpark Resources during the 2nd quarter worth about $141,000. Ameriprise Financial Inc. boosted its stake in shares of Newpark Resources by 4.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 577,151 shares of the oil and gas company’s stock worth $4,245,000 after buying an additional 26,342 shares during the last quarter. Bank of New York Mellon Corp boosted its stake 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 buying an additional 715,250 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Newpark Resources by 5.6% during the 2nd quarter. Royce & Associates LP now owns 3,163,261 shares of the oil and gas company’s stock worth $23,250,000 after buying an additional 166,700 shares during the last quarter. Finally, Chicago Equity Partners LLC acquired a new position in shares of Newpark Resources during the 2nd quarter worth about $1,041,000.

Shares of Newpark Resources (NYSE NR) traded up $0.10 during midday trading on Thursday, reaching $8.85. 441,511 shares of the company were exchanged, compared to its average volume of 690,503. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.71 and a quick ratio of 1.96. Newpark Resources has a 12-month low of $6.25 and a 12-month high of $10.20.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/30/brokerages-expect-newpark-resources-inc-nr-will-post-quarterly-sales-of-199-48-million.html.

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.

Get a free copy of the Zacks research report on Newpark Resources (NR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Newpark Resources (NYSE:NR)

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.