Newpark Resources, Inc. (NYSE:NR) Given Average Recommendation of “Buy” by Analysts

Shares of Newpark Resources, Inc. (NYSE:NR) have been assigned a consensus recommendation of “Buy” from the four analysts that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.00.

Several analysts have issued reports on NR shares. HC Wainwright reissued a “buy” rating and set a $12.00 price target on shares of Newpark Resources in a report on Thursday, September 19th. StockNews.com lowered Newpark Resources from a “buy” rating to a “hold” rating in a report on Monday, September 23rd.

Newpark Resources Stock Performance

Shares of NR opened at $6.73 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.61 and a quick ratio of 1.61. Newpark Resources has a one year low of $5.61 and a one year high of $8.65. The firm has a market capitalization of $581.92 million, a P/E ratio of 26.92 and a beta of 2.86. The business has a fifty day moving average of $7.31 and a 200 day moving average of $7.61.

Newpark Resources (NYSE:NR) last issued its quarterly earnings data on Monday, August 5th. The oil and gas company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. Newpark Resources had a return on equity of 7.49% and a net margin of 3.15%. The company had revenue of $179.01 million during the quarter, compared to analyst estimates of $171.04 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, sell-side analysts anticipate that Newpark Resources will post 0.32 EPS for the current year.

Institutional Trading of Newpark Resources

Several hedge funds have recently bought and sold shares of NR. Catalina Capital Group LLC boosted its stake in shares of Newpark Resources by 10.6% in the second quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 1,360 shares during the period. Ironwood Investment Management LLC grew its position in shares of Newpark Resources by 1.0% during the second quarter. Ironwood Investment Management LLC now owns 145,520 shares of the oil and gas company’s stock worth $1,209,000 after purchasing an additional 1,442 shares in the last quarter. NorthCrest Asset Manangement LLC raised its position in shares of Newpark Resources by 3.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 43,203 shares of the oil and gas company’s stock valued at $299,000 after buying an additional 1,517 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Newpark Resources by 8.1% during the first quarter. Bleakley Financial Group LLC now owns 21,466 shares of the oil and gas company’s stock valued at $155,000 after buying an additional 1,604 shares during the last quarter. Finally, First Bank & Trust raised its position in shares of Newpark Resources by 10.0% during the third quarter. First Bank & Trust now owns 21,704 shares of the oil and gas company’s stock valued at $150,000 after buying an additional 1,965 shares during the last quarter. Institutional investors own 80.81% of the company’s stock.

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.