Newpark Resources (NR) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

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.

In other news, Director David C. Anderson sold 17,000 shares of the stock in a transaction on 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 owns 170,841 shares in the company, valued at approximately $1,522,193.31. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director G Stephen Finley sold 11,300 shares of the stock in a transaction 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 completion of the transaction, the director now 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. In the last 90 days, insiders sold 40,423 shares of company stock valued at $360,346. Corporate insiders own 4.90% of the company’s stock.

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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.

Earnings History for Newpark Resources (NYSE:NR)

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