B. Riley Decreases Earnings Estimates for Newpark Resources

Newpark Resources, Inc. (NYSE:NR) – Stock analysts at B. Riley dropped their FY2025 earnings per share (EPS) estimates for Newpark Resources in a research report issued on Monday, November 11th. B. Riley analyst A. Rygiel now anticipates that the oil and gas company will post earnings per share of $0.35 for the year, down from their prior estimate of $0.36. The consensus estimate for Newpark Resources’ current full-year earnings is $0.36 per share.

Other research analysts also recently issued reports about the company. HC Wainwright restated a “buy” rating and set a $12.00 price objective on shares of Newpark Resources in a research report on Monday. StockNews.com cut Newpark Resources from a “buy” rating to a “hold” rating in a report on Monday, September 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Newpark Resources Stock Performance

Shares of NR stock opened at $7.28 on Wednesday. The stock has a fifty day moving average price of $7.10 and a 200 day moving average price of $7.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29. The stock has a market cap of $629.50 million, a PE ratio of -3.98 and a beta of 2.87. Newpark Resources has a 1 year low of $5.61 and a 1 year high of $8.65.

Hedge Funds Weigh In On Newpark Resources

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