Newpark Resources (NR) Trading Down 6.4%

Newpark Resources Inc (NYSE:NR) shares dropped 6.4% during mid-day trading on Monday . The company traded as low as $7.28 and last traded at $7.36. Approximately 953,577 shares were traded during mid-day trading, an increase of 70% from the average daily volume of 562,183 shares. The stock had previously closed at $7.86.

NR has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Friday, September 28th. ValuEngine cut shares of Newpark Resources from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Credit Suisse Group increased their target price on shares of Newpark Resources from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, July 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $11.00.

The company has a current ratio of 3.70, a quick ratio of 2.31 and a debt-to-equity ratio of 0.32. The firm has a market cap of $711.78 million, a PE ratio of 73.60 and a beta of 1.41.



Newpark Resources (NYSE:NR) last issued its earnings results on Thursday, October 25th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.06). Newpark Resources had a net margin of 1.36% and a return on equity of 5.56%. The company had revenue of $235.33 million during the quarter, compared to analysts’ expectations of $237.08 million. On average, analysts predict that Newpark Resources Inc will post 0.41 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. New Amsterdam Partners LLC NY acquired a new stake in shares of Newpark Resources in the second quarter valued at approximately $153,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Newpark Resources in the second quarter valued at approximately $173,000. Pillar Pacific Capital Management LLC acquired a new stake in shares of Newpark Resources in the second quarter valued at approximately $195,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Newpark Resources in the second quarter valued at approximately $205,000. Finally, Cubist Systematic Strategies LLC grew its position in shares of Newpark Resources by 156.2% in the first quarter. Cubist Systematic Strategies LLC now owns 32,840 shares of the oil and gas company’s stock valued at $266,000 after purchasing an additional 20,023 shares during the last quarter. 99.27% of the stock is owned by institutional investors.

About Newpark Resources (NYSE:NR)

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and gas exploration and production industry. It operates through two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific regions.

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