Newpark Resources Inc (NYSE:NR) – Equities research analysts at Capital One Financial reduced their Q4 2018 earnings per share (EPS) estimates for Newpark Resources in a report issued on Friday. Capital One Financial analyst L. Lemoine now forecasts that the oil and gas company will post earnings per share of $0.14 for the quarter, down from their previous forecast of $0.15. Capital One Financial also issued estimates for Newpark Resources’ FY2019 earnings at $0.67 EPS.
Newpark Resources (NYSE:NR) last released its quarterly earnings results on Thursday, February 8th. The oil and gas company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The company had revenue of $204.40 million during the quarter, compared to analysts’ expectations of $202.55 million. Newpark Resources had a negative net margin of 0.82% and a positive return on equity of 1.59%. The company’s revenue for the quarter was up 49.1% compared to the same quarter last year.
Newpark Resources (NR) opened at $7.90 on Monday. The firm has a market cap of $678.11, a P/E ratio of 79.00 and a beta of 1.54. Newpark Resources has a 1-year low of $6.40 and a 1-year high of $10.20. The company has a quick ratio of 2.14, a current ratio of 3.19 and a debt-to-equity ratio of 0.29.
In related news, 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 in the company, valued at $1,693,463.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David C. Anderson sold 17,000 shares of the 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 transaction, the director now owns 170,841 shares of the company’s stock, valued at approximately $1,522,193.31. 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. 4.90% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund lifted its stake in Newpark Resources by 2.5% in the second quarter. New York State Common Retirement Fund now owns 78,600 shares of the oil and gas company’s stock valued at $578,000 after acquiring an additional 1,899 shares during the last quarter. Cubist Systematic Strategies LLC lifted 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 valued at $138,000 after acquiring an additional 3,730 shares during the last quarter. Voya Investment Management LLC lifted its stake in Newpark Resources by 9.9% in the second quarter. Voya Investment Management LLC now owns 43,922 shares of the oil and gas company’s stock valued at $323,000 after acquiring an additional 3,958 shares during the last quarter. Heartland Advisors Inc. lifted its stake in Newpark Resources by 0.7% in the fourth quarter. Heartland Advisors Inc. now owns 808,880 shares of the oil and gas company’s stock valued at $6,956,000 after acquiring an additional 5,804 shares during the last quarter. Finally, Aperio Group LLC lifted its stake in Newpark Resources by 19.5% in the third quarter. Aperio Group LLC now owns 41,559 shares of the oil and gas company’s stock valued at $416,000 after acquiring an additional 6,778 shares during the last quarter.
TRADEMARK VIOLATION NOTICE: “Q4 2018 Earnings Estimate for Newpark Resources Inc Issued By Capital One Financial (NR)” was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/02/12/q4-2018-earnings-estimate-for-newpark-resources-inc-issued-by-capital-one-financial-nr.html.
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.
Receive News & Ratings for Newpark Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newpark Resources and related companies with MarketBeat.com's FREE daily email newsletter.