Newpark Resources, Inc. (NYSE:NR) Receives $10.75 Average PT from Brokerages

Newpark Resources, Inc. (NYSE:NR) has earned a consensus rating of “Buy” from the five research firms that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $10.75.

Several research analysts recently commented on the stock. Roth Capital reaffirmed a “buy” rating on shares of Newpark Resources in a research note on Friday, March 8th. B. Riley started coverage on shares of Newpark Resources in a research note on Tuesday, April 9th. They issued a “buy” rating and a $10.00 price target on the stock. Roth Mkm started coverage on shares of Newpark Resources in a report on Friday, March 8th. They set a “buy” rating and a $10.00 target price on the stock. Finally, StockNews.com upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Friday.

Institutional Trading of Newpark Resources

A number of institutional investors have recently modified their holdings of NR. Wellington Management Group LLP grew its position in Newpark Resources by 20.5% during the 3rd quarter. Wellington Management Group LLP now owns 875,200 shares of the oil and gas company’s stock worth $6,048,000 after purchasing an additional 148,700 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Newpark Resources by 53.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 608,342 shares of the oil and gas company’s stock worth $4,039,000 after purchasing an additional 212,872 shares during the period. Ritholtz Wealth Management acquired a new stake in Newpark Resources during the 4th quarter worth about $450,000. Vanguard Group Inc. grew its position in Newpark Resources by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,187,037 shares of the oil and gas company’s stock worth $28,932,000 after purchasing an additional 162,941 shares during the period. Finally, Kennedy Capital Management LLC acquired a new stake in Newpark Resources during the 3rd quarter worth about $1,294,000. 80.81% of the stock is currently owned by institutional investors.

Newpark Resources Trading Up 1.1 %

NR stock opened at $7.10 on Thursday. The company has a market capitalization of $604.92 million, a PE ratio of 39.45 and a beta of 2.78. Newpark Resources has a 12 month low of $3.40 and a 12 month high of $7.84. The firm’s 50-day moving average is $7.15 and its 200 day moving average is $6.86. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.62 and a quick ratio of 1.59.

Newpark Resources (NYSE:NR) last posted its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). The company had revenue of $167.82 million during the quarter, compared to analysts’ expectations of $170.87 million. Newpark Resources had a return on equity of 6.70% and a net margin of 2.25%. On average, research analysts anticipate that Newpark Resources will post 0.3 EPS for the current year.

Newpark Resources Company Profile

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.