Q4 2018 Earnings Estimate for Newpark Resources Inc Issued By Capital One Financial (NR)

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.

NR has been the subject of several other research reports. 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. Zacks Investment Research cut shares of Newpark Resources from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. ValuEngine cut shares of Newpark Resources from a “hold” rating to a “sell” rating in a report on Friday. Finally, SunTrust Banks upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Two analysts have 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. Newpark Resources has a consensus rating of “Hold” and a consensus target price of $10.50.

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.

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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.

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

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