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

Shares of Newpark Resources, Inc. (NYSE:NR) have been assigned an average rating of “Buy” from the five brokerages that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is $10.75.

Several brokerages have recently commented on NR. Roth Mkm began coverage on shares of Newpark Resources in a research note on Friday, March 8th. They issued a “buy” rating and a $10.00 target price on the stock. TheStreet downgraded shares of Newpark Resources from a “b-” rating to a “c+” rating in a research note on Thursday, January 4th. B. Riley began coverage on shares of Newpark Resources in a research note on Tuesday, April 9th. They issued a “buy” rating and a $10.00 target price on the stock. StockNews.com downgraded shares of Newpark Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Roth Capital restated a “buy” rating on shares of Newpark Resources in a research note on Friday, March 8th.

Newpark Resources Trading Down 0.1 %

NYSE:NR opened at $6.93 on Thursday. Newpark Resources has a 12 month low of $3.40 and a 12 month high of $7.84. The firm has a market cap of $590.44 million, a price-to-earnings ratio of 43.31 and a beta of 2.75. The company has a quick ratio of 1.59, a current ratio of 2.62 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $7.12 and its 200-day moving average is $6.86.

Newpark Resources (NYSE:NR) last announced its earnings results on Wednesday, February 21st. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Newpark Resources had a return on equity of 6.53% and a net margin of 1.94%. The company had revenue of $167.82 million for the quarter, compared to the consensus estimate of $170.87 million. Equities analysts anticipate that Newpark Resources will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NR. Riverwater Partners LLC boosted its stake in Newpark Resources by 4.4% in the first quarter. Riverwater Partners LLC now owns 75,254 shares of the oil and gas company’s stock valued at $543,000 after buying an additional 3,140 shares in the last quarter. Kure Advisory LLC boosted its stake in Newpark Resources by 20.0% in the fourth quarter. Kure Advisory LLC now owns 20,204 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 3,363 shares in the last quarter. CWM LLC boosted its stake in Newpark Resources by 495.4% in the first quarter. CWM LLC now owns 4,537 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 3,775 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Newpark Resources by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 317,935 shares of the oil and gas company’s stock valued at $2,197,000 after buying an additional 4,105 shares in the last quarter. Finally, Dorsey Wright & Associates acquired a new stake in Newpark Resources in the third quarter valued at about $32,000. 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.