Shares of Newpark Resources, Inc. (NYSE:NR – Get Free Report) have been assigned an average rating of “Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $11.00.
Several research firms have commented on NR. StockNews.com downgraded Newpark Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 23rd. HC Wainwright reissued a “buy” rating and set a $12.00 target price on shares of Newpark Resources in a research note on Thursday, September 19th.
View Our Latest Stock Analysis on NR
Institutional Investors Weigh In On Newpark Resources
Newpark Resources Stock Up 1.5 %
Shares of NYSE NR opened at $7.06 on Friday. The stock has a market cap of $601.10 million, a PE ratio of 39.19 and a beta of 2.86. The company has a quick ratio of 1.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.09. Newpark Resources has a 52-week low of $5.61 and a 52-week high of $8.65. The business has a 50-day moving average price of $7.60 and a 200 day moving average price of $7.66.
Newpark Resources (NYSE:NR – Get Free Report) last announced its earnings results on Monday, August 5th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The firm had revenue of $179.01 million during the quarter, compared to analysts’ expectations of $171.04 million. Newpark Resources had a return on equity of 7.49% and a net margin of 3.15%. During the same period in the prior year, the firm earned $0.08 EPS. Equities research analysts forecast that Newpark Resources will post 0.36 earnings per share for the current year.
About Newpark Resources
Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.
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