Newpark Resources, Inc. (NYSE:NR) Receives $11.00 Average Target Price from Analysts

Newpark Resources, Inc. (NYSE:NR) has received a consensus rating of “Buy” from the four brokerages that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have covered the stock in the last year is $11.00.

A number of equities analysts have recently weighed in on the company. HC Wainwright reiterated a “buy” rating and set a $12.00 target price on shares of Newpark Resources in a research note on Thursday, September 19th. StockNews.com cut Newpark Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 23rd.

Newpark Resources Trading Up 0.4 %

NR stock opened at $6.78 on Thursday. The stock has a market cap of $577.67 million, a price-to-earnings ratio of 37.67 and a beta of 2.86. The company has a fifty day moving average price of $7.36 and a two-hundred day moving average price of $7.62. Newpark Resources has a one year low of $5.61 and a one year high of $8.65. 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 (NYSE:NR) last announced its quarterly earnings results on Monday, August 5th. The oil and gas company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The business had revenue of $179.01 million for the quarter, compared to analyst estimates of $171.04 million. Newpark Resources had a net margin of 3.15% and a return on equity of 7.49%. During the same quarter in the prior year, the business earned $0.08 EPS. Equities analysts anticipate that Newpark Resources will post 0.32 EPS for the current year.

Institutional Trading of Newpark Resources

Large investors have recently made changes to their positions in the company. Catalina Capital Group LLC boosted its stake in 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 valued at $118,000 after buying an additional 1,360 shares in the last quarter. Ironwood Investment Management LLC boosted its stake in shares of Newpark Resources by 1.0% in the 2nd quarter. Ironwood Investment Management LLC now owns 145,520 shares of the oil and gas company’s stock valued at $1,209,000 after purchasing an additional 1,442 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its stake in shares of Newpark Resources by 3.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 43,203 shares of the oil and gas company’s stock valued at $299,000 after purchasing an additional 1,517 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Newpark Resources by 8.1% during the 1st quarter. Bleakley Financial Group LLC now owns 21,466 shares of the oil and gas company’s stock valued at $155,000 after purchasing an additional 1,604 shares during the last quarter. Finally, First Bank & Trust increased its position in Newpark Resources by 10.0% during the 3rd quarter. First Bank & Trust now owns 21,704 shares of the oil and gas company’s stock worth $150,000 after purchasing an additional 1,965 shares in the last quarter. Institutional investors and hedge funds 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.