Wall Street brokerages expect that Newpark Resources Inc (NYSE:NR) will post earnings of $0.06 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Newpark Resources’ earnings. The lowest EPS estimate is $0.05 and the highest is $0.06. Newpark Resources reported earnings per share of $0.12 in the same quarter last year, which would suggest a negative year-over-year growth rate of 50%. The company is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, July 30th.
According to Zacks, analysts expect that Newpark Resources will report full-year earnings of $0.28 per share for the current fiscal year, with EPS estimates ranging from $0.23 to $0.31. For the next financial year, analysts anticipate that the company will report earnings of $0.58 per share, with EPS estimates ranging from $0.28 to $0.78. Zacks’ EPS calculations are an average based on a survey of research firms that cover Newpark Resources.
Newpark Resources (NYSE:NR) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Newpark Resources had a return on equity of 6.29% and a net margin of 2.83%. The company had revenue of $211.50 million for the quarter, compared to the consensus estimate of $224.17 million. During the same quarter in the prior year, the company earned $0.08 EPS. The company’s revenue for the quarter was down 7.0% on a year-over-year basis.
A number of equities research analysts have recently issued reports on the company. SunTrust Banks set a $18.00 price objective on Mercantil Bank and gave the stock a “buy” rating in a research note on Monday, April 8th. Zacks Investment Research cut Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 27th. Raymond James reiterated a “hold” rating on shares of Snc-Lavalin Group in a research note on Wednesday, July 3rd. ValuEngine cut W&T Offshore from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Finally, TheStreet upgraded Zimmer Biomet from a “c” rating to a “b-” rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Newpark Resources currently has an average rating of “Hold” and an average target price of $12.00.
A number of institutional investors and hedge funds have recently bought and sold shares of NR. Oregon Public Employees Retirement Fund acquired a new position in Newpark Resources in the 4th quarter valued at $237,000. BlackRock Inc. grew its holdings in Newpark Resources by 1.9% in the 4th quarter. BlackRock Inc. now owns 13,844,202 shares of the oil and gas company’s stock valued at $95,110,000 after buying an additional 263,764 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Newpark Resources by 8.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,366,755 shares of the oil and gas company’s stock valued at $23,130,000 after buying an additional 270,920 shares in the last quarter. Texas Permanent School Fund grew its holdings in 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 buying an additional 2,445 shares in the last quarter. Finally, Raymond James & Associates acquired a new position in Newpark Resources in the 4th quarter valued at $557,000. Institutional investors and hedge funds own 98.65% of the company’s stock.
Shares of Newpark Resources stock traded up $0.26 on Friday, reaching $6.66. 20,795 shares of the company were exchanged, compared to its average volume of 369,607. Newpark Resources has a one year low of $6.29 and a one year high of $11.25. The firm has a market cap of $586.48 million, a P/E ratio of 16.17 and a beta of 1.47. The company has a quick ratio of 2.81, a current ratio of 4.45 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average is $6.96.
Newpark Resources Company Profile
Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production industry. It operates through two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment offers drilling and completion fluids solutions, and technical services to customers in the North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific regions.
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