Zacks: Analysts Anticipate Newpark Resources Inc (NR) Will Post Earnings of $0.03 Per Share

Equities research analysts expect Newpark Resources Inc (NYSE:NR) to report earnings of $0.03 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Newpark Resources’ earnings, with estimates ranging from $0.02 to $0.04. Newpark Resources posted earnings of ($0.06) per share during the same quarter last year, which indicates a positive year over year growth rate of 150%. The firm is expected to report its next earnings report after the market closes on Thursday, February 8th.

On average, analysts expect that Newpark Resources will report full year earnings of $0.07 per share for the current year, with EPS estimates ranging from $0.06 to $0.07. For the next year, analysts expect that the company will post earnings of $0.43 per share, with EPS estimates ranging from $0.24 to $0.66. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Newpark Resources.

A number of brokerages have issued reports on NR. Zacks Investment Research downgraded Newpark Resources from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. SunTrust Banks raised Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Cowen set a $10.00 price target on Newpark Resources and gave the company a “hold” rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Newpark Resources has an average rating of “Hold” and an average target price of $10.50.

In other news, Director David C. Anderson sold 17,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was 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 $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 firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $8.79, for a total value 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. Insiders sold 40,423 shares of company stock valued at $360,346 over the last quarter. 4.90% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd acquired a new position in Newpark Resources in the 2nd quarter valued at about $100,000. GSA Capital Partners LLP acquired a new stake in Newpark Resources during the third quarter worth about $113,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Newpark Resources during the third quarter worth about $114,000. Cubist Systematic Strategies LLC grew its stake in Newpark Resources by 24.8% during the second quarter. Cubist Systematic Strategies LLC now owns 18,797 shares of the oil and gas company’s stock worth $138,000 after buying an additional 3,730 shares in the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Newpark Resources in the 2nd quarter valued at approximately $141,000.

Newpark Resources (NYSE:NR) traded down $0.50 on Friday, reaching $8.70. The company’s stock had a trading volume of 495,714 shares, compared to its average volume of 385,972. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.96 and a current ratio of 2.71. The company has a market capitalization of $746.78, a P/E ratio of 217.55 and a beta of 1.54. Newpark Resources has a twelve month low of $6.40 and a twelve month high of $10.20.

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

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