Newpark Resources Inc (NYSE:NR) – Stock analysts at Capital One Financial dropped their Q1 2019 earnings per share (EPS) estimates for Newpark Resources in a research report issued on Saturday, February 9th. Capital One Financial analyst L. Lemoine now expects that the oil and gas company will post earnings of $0.08 per share for the quarter, down from their previous estimate of $0.09.
Newpark Resources (NYSE:NR) last issued its quarterly earnings results on Thursday, February 7th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The firm had revenue of $247.70 million for the quarter, compared to the consensus estimate of $242.61 million. Newpark Resources had a net margin of 3.41% and a return on equity of 6.85%. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 EPS.
A number of other research analysts also recently issued reports on the stock. ValuEngine downgraded shares of Newpark Resources from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. TheStreet downgraded shares of Newpark Resources from a “b-” rating to a “c+” rating in a research report on Monday, October 29th. Finally, Zacks Investment Research downgraded shares of Newpark Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $11.50.
Shares of NYSE NR opened at $9.27 on Tuesday. The company has a market capitalization of $843.60 million, a PE ratio of 22.61 and a beta of 1.63. Newpark Resources has a 52-week low of $6.39 and a 52-week high of $11.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.30 and a current ratio of 3.69.
Several large investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund increased its stake in shares of Newpark Resources by 4.3% in the 4th quarter. Texas Permanent School Fund now owns 59,424 shares of the oil and gas company’s stock valued at $408,000 after acquiring an additional 2,445 shares in the last quarter. Advisor Group Inc. increased its stake in shares of Newpark Resources by 233.0% in the 4th quarter. Advisor Group Inc. now owns 4,182 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 2,926 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Newpark Resources by 30.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 28,041 shares of the oil and gas company’s stock valued at $304,000 after purchasing an additional 6,486 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Newpark Resources by 0.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,632,264 shares of the oil and gas company’s stock valued at $16,894,000 after purchasing an additional 6,830 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Newpark Resources by 6.5% during the 4th quarter. Arizona State Retirement System now owns 139,843 shares of the oil and gas company’s stock valued at $961,000 after purchasing an additional 8,478 shares in the last quarter. Institutional investors own 99.50% of the company’s stock.
Newpark Resources Company Profile
Newpark Resources, Inc provides products, rentals, and services primarily to the oil and gas exploration and production industry. It operates through two segments, 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 the Asia Pacific regions.
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