Newpark Resources (NR) Reaches New 1-Year Low at $7.07

Newpark Resources Inc (NYSE:NR) shares reached a new 52-week low during trading on Thursday . The company traded as low as $7.07 and last traded at $7.18, with a volume of 20559 shares. The stock had previously closed at $7.39.

NR has been the topic of a number of research analyst reports. ValuEngine raised Newpark Resources from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Zacks Investment Research cut Newpark Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Finally, TheStreet cut Newpark Resources from a “b-” rating to a “c+” rating in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.00.

The company has a quick ratio of 2.31, a current ratio of 3.70 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $671.07 million, a P/E ratio of 71.70 and a beta of 1.61.

Newpark Resources (NYSE:NR) last posted its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.06). Newpark Resources had a return on equity of 5.56% and a net margin of 1.36%. The business had revenue of $235.33 million during the quarter, compared to analysts’ expectations of $237.08 million. On average, analysts anticipate that Newpark Resources Inc will post 0.38 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trexquant Investment LP bought a new stake in Newpark Resources in the 3rd quarter worth approximately $154,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Newpark Resources in the 2nd quarter worth approximately $173,000. Pillar Pacific Capital Management LLC bought a new stake in Newpark Resources in the 2nd quarter worth approximately $195,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Newpark Resources in the 2nd quarter worth approximately $205,000. Finally, Ibex Investors LLC bought a new stake in Newpark Resources in the 3rd quarter worth approximately $212,000. 98.70% of the stock is currently owned by institutional investors.

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About Newpark Resources (NYSE:NR)

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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