Newpark Resources Inc (NYSE:NR) has earned a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $10.00.

Several brokerages have recently commented on NR. Cowen set a $10.00 price objective on Newpark Resources and gave the stock a “hold” rating in a report on Thursday. Zacks Investment Research lowered Newpark Resources from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Finally, SunTrust Banks raised Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd.

In other news, Director G Stephen Finley sold 11,300 shares of the business’s 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 completion of the transaction, the director now owns 192,658 shares of the company’s stock, valued at $1,693,463.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David C. Anderson sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $8.91, for a total value of $151,470.00. Following the completion of the sale, the director now directly owns 170,841 shares of the company’s stock, valued at approximately $1,522,193.31. The disclosure for this sale can be found here. Insiders have sold 40,423 shares of company stock valued at $360,346 in the last three months. 4.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of NR. Rhumbline Advisers boosted its stake in Newpark Resources by 2.7% in the second quarter. Rhumbline Advisers now owns 182,581 shares of the oil and gas company’s stock worth $1,342,000 after buying an additional 4,769 shares in the last quarter. Legal & General Group Plc boosted its stake in Newpark Resources by 13.7% in the second quarter. Legal & General Group Plc now owns 163,517 shares of the oil and gas company’s stock worth $1,203,000 after buying an additional 19,741 shares in the last quarter. Federated Investors Inc. PA lifted its position in Newpark Resources by 2,176.7% in the second quarter. Federated Investors Inc. PA now owns 29,620 shares of the oil and gas company’s stock valued at $218,000 after purchasing an additional 28,319 shares during the last quarter. Prudential Financial Inc. lifted its position in Newpark Resources by 2.8% in the second quarter. Prudential Financial Inc. now owns 147,679 shares of the oil and gas company’s stock valued at $1,085,000 after purchasing an additional 4,050 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Newpark Resources by 5.0% in the second quarter. Principal Financial Group Inc. now owns 692,789 shares of the oil and gas company’s stock valued at $5,092,000 after purchasing an additional 32,887 shares during the last quarter.

Shares of Newpark Resources (NYSE:NR) traded up $0.25 on Monday, hitting $9.85. The stock had a trading volume of 646,900 shares, compared to its average volume of 409,989. Newpark Resources has a 12-month low of $6.40 and a 12-month high of $10.20. The company has a market capitalization of $845.49, a PE ratio of 246.31 and a beta of 1.58. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.96 and a current ratio of 2.71.

Newpark Resources (NYSE:NR) last announced its quarterly earnings results on Monday, October 30th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $201.70 million for the quarter, compared to the consensus estimate of $192.57 million. During the same quarter in the prior year, the company earned ($0.16) earnings per share. The company’s quarterly revenue was up 92.8% on a year-over-year basis. equities analysts expect that Newpark Resources will post 0.06 earnings per share for the current year.

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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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