Analysts expect that Newpark Resources Inc (NYSE:NR) will report sales of $220.21 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Newpark Resources’ earnings. The lowest sales estimate is $219.74 million and the highest is $221.00 million. Newpark Resources posted sales of $158.69 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.8%. The company is scheduled to report its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that Newpark Resources will report full year sales of $220.21 million for the current financial year, with estimates ranging from $923.00 million to $943.00 million. For the next year, analysts forecast that the company will post sales of $1.08 billion per share, with estimates ranging from $1.03 billion to $1.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Newpark Resources.
Newpark Resources (NYSE:NR) last issued its quarterly earnings results on Thursday, February 8th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03. The firm had revenue of $204.40 million for the quarter, compared to analyst estimates of $202.55 million. Newpark Resources had a positive return on equity of 1.59% and a negative net margin of 0.82%. The firm’s quarterly revenue was up 49.1% compared to the same quarter last year.
A number of research firms have weighed in on NR. Johnson Rice raised Newpark Resources from a “hold” rating to a “buy” rating in a research note on Monday, March 5th. ValuEngine lowered Newpark Resources from a “hold” rating to a “sell” rating in a research note on Friday, February 9th. Cowen set a $10.00 price objective on Newpark Resources and gave the stock a “hold” rating in a research note on Thursday, January 11th. Finally, Zacks Investment Research lowered Newpark Resources from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $10.50.
In other Newpark Resources news, EVP Bruce Campbell Smith sold 43,750 shares of Newpark Resources stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $8.47, for a total value of $370,562.50. Following the sale, the executive vice president now owns 292,942 shares in the company, valued at $2,481,218.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.90% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new stake in Newpark Resources in the third quarter valued at $113,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Newpark Resources in the third quarter valued at $114,000. LMR Partners LLP purchased a new stake in Newpark Resources in the third quarter valued at $154,000. Campbell & CO Investment Adviser LLC purchased a new stake in Newpark Resources in the third quarter valued at $170,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Newpark Resources in the third quarter valued at $191,000.
Shares of Newpark Resources (NYSE:NR) traded down $0.15 during trading hours on Monday, hitting $8.60. The stock had a trading volume of 342,849 shares, compared to its average volume of 483,497. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.19 and a quick ratio of 2.14. The firm has a market capitalization of $780.66, a price-to-earnings ratio of 87.50 and a beta of 1.56. Newpark Resources has a 12-month low of $6.57 and a 12-month high of $10.20.
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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.
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