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

Newpark Resources, Inc. (NYSE:NR) has earned an average recommendation of “Buy” from the four analysts that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $11.00.

A number of brokerages recently commented on NR. HC Wainwright reiterated a “buy” rating and issued a $12.00 price target on shares of Newpark Resources in a research note on Monday, November 11th. StockNews.com cut Newpark Resources from a “buy” rating to a “hold” rating in a report on Monday, September 23rd.

Newpark Resources Price Performance

The firm has a market capitalization of $627.10 million, a P/E ratio of -3.96 and a beta of 2.92. The company has a 50 day moving average of $7.41 and a two-hundred day moving average of $7.63. Newpark Resources has a fifty-two week low of $5.61 and a fifty-two week high of $8.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29.

Institutional Trading of Newpark Resources

A number of institutional investors have recently bought and sold shares of NR. CWM LLC raised its holdings in Newpark Resources by 114.5% in the 2nd quarter. CWM LLC now owns 9,730 shares of the oil and gas company’s stock valued at $81,000 after acquiring an additional 5,193 shares in the last quarter. Ground Swell Capital LLC bought a new position in shares of Newpark Resources in the second quarter worth $91,000. EP Wealth Advisors LLC acquired a new position in Newpark Resources in the third quarter valued at about $96,000. Captrust Financial Advisors raised its stake in Newpark Resources by 10.8% in the third quarter. Captrust Financial Advisors now owns 14,624 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 1,430 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Newpark Resources during the third quarter worth about $116,000. 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.