Newpark Resources (NR) Set to Announce Earnings on Monday

Newpark Resources (NYSE:NR) is scheduled to be posting its quarterly earnings results after the market closes on Monday, August 3rd. Analysts expect Newpark Resources to post earnings of ($0.19) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Newpark Resources (NYSE:NR) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.06). Newpark Resources had a negative net margin of 3.41% and a negative return on equity of 1.39%. The company had revenue of $164.55 million for the quarter, compared to the consensus estimate of $171.25 million. On average, analysts expect Newpark Resources to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NR opened at $1.89 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.98 and a quick ratio of 2.32. Newpark Resources has a one year low of $0.65 and a one year high of $8.08. The company has a 50-day simple moving average of $2.02 and a two-hundred day simple moving average of $2.47. The firm has a market capitalization of $169.91 million, a PE ratio of -6.30 and a beta of 3.03.

In other Newpark Resources news, CFO Gregg Piontek bought 20,000 shares of the stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $1.47 per share, for a total transaction of $29,400.00. Following the completion of the acquisition, the chief financial officer now owns 263,492 shares of the company’s stock, valued at $387,333.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought 37,500 shares of company stock valued at $55,550 over the last quarter. Company insiders own 3.90% of the company’s stock.

Several analysts have commented on NR shares. ValuEngine upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Zacks Investment Research upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $2.00 price objective for the company in a report on Thursday, July 16th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $2.50.

About Newpark Resources

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

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Earnings History for Newpark Resources (NYSE:NR)

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