Newpark Resources, Inc. (NYSE:NR) Given Average Recommendation of “Buy” by Analysts

Shares of Newpark Resources, Inc. (NYSE:NR) have received a consensus rating of “Buy” from the five ratings firms that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have covered the stock in the last year is $11.00.

NR has been the subject of several research reports. B. Riley increased their target price on Newpark Resources from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Roth Mkm started coverage on Newpark Resources in a research note on Friday, March 8th. They set a “buy” rating and a $10.00 target price for the company. StockNews.com raised Newpark Resources from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Roth Capital reissued a “buy” rating on shares of Newpark Resources in a research note on Friday, March 8th. Finally, HC Wainwright restated a “buy” rating and issued a $12.00 target price on shares of Newpark Resources in a report on Monday, May 6th.

Newpark Resources Stock Performance

NR opened at $7.77 on Friday. The firm has a market cap of $662.00 million, a P/E ratio of 43.17 and a beta of 2.86. Newpark Resources has a 52-week low of $4.57 and a 52-week high of $8.65. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.74 and a current ratio of 2.79. The business’s fifty day moving average is $7.68 and its 200-day moving average is $7.06.

Newpark Resources (NYSE:NR) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. Newpark Resources had a return on equity of 6.67% and a net margin of 2.25%. The business had revenue of $169.11 million during the quarter, compared to the consensus estimate of $170.69 million. Sell-side analysts expect that Newpark Resources will post 0.35 EPS for the current fiscal year.

Institutional Trading of Newpark Resources

A number of hedge funds have recently bought and sold shares of the business. Ancora Advisors LLC raised its stake in shares of Newpark Resources by 182.5% in the first quarter. Ancora Advisors LLC now owns 647,930 shares of the oil and gas company’s stock valued at $4,678,000 after buying an additional 418,570 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Newpark Resources in the fourth quarter valued at $2,567,000. Russell Investments Group Ltd. grew its position in shares of Newpark Resources by 210.2% in the first quarter. Russell Investments Group Ltd. now owns 516,427 shares of the oil and gas company’s stock valued at $3,729,000 after purchasing an additional 349,935 shares in the last quarter. 1492 Capital Management LLC purchased a new position in shares of Newpark Resources in the fourth quarter valued at $2,193,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Newpark Resources by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,153,464 shares of the oil and gas company’s stock valued at $40,859,000 after purchasing an additional 303,236 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors.

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.