Newpark Resources Inc (NR) Given Average Rating of “Hold” by Brokerages

Shares of Newpark Resources Inc (NYSE:NR) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $10.00.

NR has been the topic of a number of recent analyst reports. SunTrust Banks upgraded Newpark Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. 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 research report on Tuesday, October 24th. Cowen set a $10.00 price objective on Newpark Resources and gave the company a “hold” rating in a research report on Thursday, January 11th. Finally, ValuEngine lowered Newpark Resources from a “hold” rating to a “sell” rating in a research report on Friday.

Shares of Newpark Resources (NYSE:NR) traded down $0.10 during trading on Friday, reaching $7.90. The company had a trading volume of 520,625 shares, compared to its average volume of 428,290. Newpark Resources has a one year low of $6.40 and a one year high of $10.20. The company has a market cap of $703.86, a PE ratio of 197.55 and a beta of 1.54. 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 (NYSE:NR) last posted its quarterly earnings results on Thursday, February 8th. The oil and gas company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. The business had revenue of $204.40 million for the quarter, compared to analysts’ expectations of $202.55 million. Newpark Resources had a negative return on equity of 0.29% and a net margin of 0.48%. The firm’s quarterly revenue was up 49.1% on a year-over-year basis. equities research analysts anticipate that Newpark Resources will post 0.06 EPS for the current fiscal year.

In other news, Director David C. Anderson sold 17,000 shares of Newpark Resources stock in a transaction that occurred on 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 sale, the director now owns 170,841 shares of the company’s stock, valued at $1,522,193.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director G Stephen Finley sold 11,300 shares of Newpark Resources stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $8.79, for a total transaction of $99,327.00. Following the sale, the director now directly owns 192,658 shares of the company’s stock, valued at approximately $1,693,463.82. 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 90 days. Company insiders own 4.90% of the company’s stock.

A number of large investors have recently modified their holdings of NR. BlueCrest Capital Management Ltd bought a new position in Newpark Resources in the second quarter worth approximately $100,000. GSA Capital Partners LLP bought a new position in Newpark Resources in the third quarter worth approximately $113,000. Raymond James Financial Services Advisors Inc. bought a new position in Newpark Resources in the third quarter worth approximately $114,000. Cubist Systematic Strategies LLC raised its stake in Newpark Resources by 24.8% in 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 bought a new position in Newpark Resources in the second quarter worth approximately $141,000.

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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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