Newpark Resources (NYSE:NR) posted its quarterly earnings data on Thursday. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03, Briefing.com reports. The business had revenue of $204.40 million during the quarter, compared to the consensus estimate of $202.55 million. Newpark Resources had a net margin of 0.48% and a negative return on equity of 0.29%. Newpark Resources’s quarterly revenue was up 49.1% on a year-over-year basis.
Shares of Newpark Resources (NYSE:NR) traded down $0.35 during trading on Friday, reaching $7.65. 216,225 shares of the company’s stock were exchanged, compared to its average volume of 416,621. 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 12-month low of $6.40 and a 12-month high of $10.20. The company has a market cap of $703.86, a P/E ratio of 200.05 and a beta of 1.54.
NR has been the subject of a number of research reports. Zacks Investment Research raised shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Tuesday, October 24th. SunTrust Banks raised shares of 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 shares of Newpark Resources and gave the company a “hold” rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.50.
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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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