Brokerages predict that Newpark Resources Inc (NYSE:NR) will post $199.48 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Newpark Resources’ earnings. The lowest sales estimate is $199.20 million and the highest is $199.90 million. Newpark Resources reported sales of $137.08 million during the same quarter last year, which would suggest a positive year over year growth rate of 45.5%. The business is expected to issue its next earnings report after the market closes on Thursday, February 8th.

On average, analysts expect that Newpark Resources will report full year sales of $199.48 million for the current year, with estimates ranging from $742.70 million to $743.30 million. For the next fiscal year, analysts anticipate that the company will post sales of $921.50 million per share, with estimates ranging from $885.20 million to $984.30 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Newpark Resources.

Newpark Resources (NYSE:NR) last released 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). The firm had revenue of $201.70 million for 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%. The company’s quarterly revenue was up 92.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.16) earnings per share.

NR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, October 24th. Cowen set a $9.00 price target on shares of Newpark Resources and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, SunTrust Banks raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.50.

Shares of Newpark Resources (NYSE:NR) opened at $9.40 on Friday. The company has a market capitalization of $806.87, a price-to-earnings ratio of 235.00 and a beta of 1.58. The company has a current ratio of 2.71, a quick ratio of 1.96 and a debt-to-equity ratio of 0.27. Newpark Resources has a twelve month low of $6.40 and a twelve month high of $10.20.

In other Newpark Resources news, Director David C. Anderson sold 17,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $8.91, for a total value of $151,470.00. Following the completion of the transaction, the director now directly owns 170,841 shares of the company’s stock, valued at approximately $1,522,193.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director G Stephen Finley sold 7,300 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $9.08, for a total transaction of $66,284.00. Following the completion of the transaction, the director now directly owns 180,358 shares of the company’s stock, valued at $1,637,650.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,423 shares of company stock valued at $360,346. 4.90% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its position in Newpark Resources by 2.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 879,003 shares of the oil and gas company’s stock valued at $7,560,000 after buying an additional 23,488 shares during the last quarter. Bank of Montreal Can boosted its position in Newpark Resources by 47.0% in the 4th quarter. Bank of Montreal Can now owns 282,191 shares of the oil and gas company’s stock valued at $2,427,000 after buying an additional 90,215 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in Newpark Resources by 26.8% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 436,666 shares of the oil and gas company’s stock valued at $3,755,000 after buying an additional 92,178 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Newpark Resources in the 3rd quarter valued at about $113,000. Finally, Algert Global LLC boosted its position in Newpark Resources by 100.5% in the 3rd quarter. Algert Global LLC now owns 88,209 shares of the oil and gas company’s stock valued at $882,000 after buying an additional 44,218 shares during the last quarter.

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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.

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

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