Newpark Resources (NYSE:NR) Releases Quarterly Earnings Results

Newpark Resources (NYSE:NR) announced its quarterly earnings results on Monday. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04, Zacks reports. Newpark Resources had a net margin of 2.25% and a return on equity of 6.67%. The company had revenue of $179.01 million for the quarter, compared to the consensus estimate of $171.04 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share.

Newpark Resources Trading Up 14.8 %

Shares of NYSE:NR traded up $1.04 during trading on Tuesday, reaching $8.02. The stock had a trading volume of 1,953,579 shares, compared to its average volume of 675,171. The business has a fifty day moving average price of $8.00 and a 200-day moving average price of $7.34. The company has a quick ratio of 1.74, a current ratio of 2.79 and a debt-to-equity ratio of 0.14. The stock has a market cap of $682.89 million, a P/E ratio of 44.50 and a beta of 2.89. Newpark Resources has a fifty-two week low of $5.06 and a fifty-two week high of $8.65.

Analyst Ratings Changes

Several analysts have issued reports on NR shares. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price target on shares of Newpark Resources in a report on Monday, May 6th. B. Riley upped their price target on shares of Newpark Resources from $10.00 to $11.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, StockNews.com raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $11.00.

Newpark Resources Company Profile

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.