Newpark Resources Inc (NR) Receives $10.00 Consensus PT from Analysts

Shares of Newpark Resources Inc (NYSE:NR) have earned a consensus rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $10.00.

Several brokerages have commented on NR. Zacks Investment Research upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Tuesday, October 24th. SunTrust Banks upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. ValuEngine cut shares of Newpark Resources from a “hold” rating to a “sell” rating in a report on Friday. Finally, Cowen set a $10.00 price target on shares of Newpark Resources and gave the stock a “hold” rating in a report on Thursday, January 11th.

Newpark Resources (NYSE NR) opened at $7.90 on Friday. Newpark Resources has a fifty-two week low of $6.40 and a fifty-two week high of $10.20. The company has a market cap of $678.11, a PE ratio of -112.84 and a beta of 1.54. The company has a quick ratio of 2.14, a current ratio of 3.19 and a debt-to-equity ratio of 0.29.

Newpark Resources (NYSE:NR) last announced its earnings results on Thursday, February 8th. The oil and gas company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. Newpark Resources had a negative net margin of 0.82% and a positive return on equity of 1.59%. The company had revenue of $204.40 million during the quarter, compared to analysts’ expectations of $202.55 million. The firm’s revenue was up 49.1% on a year-over-year basis. sell-side analysts predict that Newpark Resources will post 0.43 EPS for the current year.

In related news, Director G Stephen Finley sold 11,300 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 192,658 shares in the company, valued at $1,693,463.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David C. Anderson sold 17,000 shares of Newpark Resources stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $8.91, for a total transaction of $151,470.00. Following the completion of the sale, the director now owns 170,841 shares of the company’s stock, valued at $1,522,193.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,423 shares of company stock valued at $360,346. 4.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of NR. BlueCrest Capital Management Ltd acquired a new stake in Newpark Resources in the second quarter valued at approximately $100,000. GSA Capital Partners LLP acquired a new stake in Newpark Resources in the third quarter valued at approximately $113,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Newpark Resources in the third quarter valued at approximately $114,000. 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. Finally, Piedmont Investment Advisors LLC acquired a new stake in Newpark Resources in the second quarter valued at approximately $141,000.

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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.

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