Roth Capital Issues Pessimistic Outlook for NR Earnings

Newpark Resources, Inc. (NYSE:NR) – Roth Capital reduced their Q4 2024 earnings per share estimates for shares of Newpark Resources in a report released on Tuesday, November 12th. Roth Capital analyst G. Sweeney now anticipates that the oil and gas company will earn $0.07 per share for the quarter, down from their previous estimate of $0.08. The consensus estimate for Newpark Resources’ current full-year earnings is $0.36 per share. Roth Capital also issued estimates for Newpark Resources’ Q4 2025 earnings at $0.12 EPS.

NR has been the topic of several other reports. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 target price on shares of Newpark Resources in a research report on Monday. StockNews.com cut Newpark Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $11.00.

Newpark Resources Stock Performance

NR stock opened at $7.12 on Wednesday. The company has a current ratio of 2.29, a quick ratio of 2.00 and a debt-to-equity ratio of 0.02. The firm has a market cap of $615.67 million, a P/E ratio of -3.90 and a beta of 2.87. Newpark Resources has a 12-month low of $5.61 and a 12-month high of $8.65. The stock’s 50 day simple moving average is $7.08 and its 200 day simple moving average is $7.59.

Institutional Trading of Newpark Resources

Hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC purchased a new position in Newpark Resources in the first quarter valued at about $859,000. Jacobs Levy Equity Management Inc. grew its stake in Newpark Resources by 67.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 327,985 shares of the oil and gas company’s stock valued at $2,368,000 after purchasing an additional 131,609 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in Newpark Resources in the second quarter valued at about $538,000. Panagora Asset Management Inc. grew its stake in Newpark Resources by 44.2% in the second quarter. Panagora Asset Management Inc. now owns 441,869 shares of the oil and gas company’s stock valued at $3,672,000 after purchasing an additional 135,427 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Newpark Resources by 15.1% in the second quarter. The Manufacturers Life Insurance Company now owns 32,423 shares of the oil and gas company’s stock valued at $269,000 after purchasing an additional 4,255 shares in the last quarter. 80.81% of the stock is owned by hedge funds and other institutional investors.

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.