HC Wainwright Has Optimistic Outlook of NR FY2024 Earnings

Newpark Resources, Inc. (NYSE:NR) – Investment analysts at HC Wainwright increased their FY2024 earnings per share (EPS) estimates for Newpark Resources in a report released on Monday, November 11th. HC Wainwright analyst A. Dayal now anticipates that the oil and gas company will earn $0.42 per share for the year, up from their previous forecast of $0.33. HC Wainwright currently has a “Buy” rating and a $12.00 target price on the stock. The consensus estimate for Newpark Resources’ current full-year earnings is $0.32 per share. HC Wainwright also issued estimates for Newpark Resources’ Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.34 EPS.

Separately, StockNews.com lowered shares of Newpark Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Newpark Resources currently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Newpark Resources Trading Down 0.4 %

NYSE NR opened at $7.25 on Tuesday. Newpark Resources has a 52 week low of $5.61 and a 52 week high of $8.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.61 and a current ratio of 2.61. The stock’s 50 day moving average price is $7.13 and its two-hundred day moving average price is $7.59. The stock has a market capitalization of $626.91 million, a price-to-earnings ratio of -3.98 and a beta of 2.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its position in Newpark Resources by 114.5% during the second quarter. CWM LLC now owns 9,730 shares of the oil and gas company’s stock worth $81,000 after acquiring an additional 5,193 shares during the last quarter. Ground Swell Capital LLC acquired a new stake in Newpark Resources during the 2nd quarter worth approximately $91,000. Oppenheimer Asset Management Inc. acquired a new stake in Newpark Resources during the 1st quarter worth approximately $86,000. Catalina Capital Group LLC boosted its stake in Newpark Resources by 10.6% in the 2nd quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock valued at $118,000 after purchasing an additional 1,360 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Newpark Resources in the 3rd quarter valued at $116,000. Institutional investors and hedge funds 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.