Q4 EPS Forecast for Newpark Resources Reduced by Analyst

Newpark Resources, Inc. (NYSE:NR) – Research analysts at Roth Capital cut their Q4 2024 EPS estimates for Newpark Resources in a note issued to investors on Tuesday, November 12th. Roth Capital analyst G. Sweeney now anticipates that the oil and gas company will earn $0.07 per share for the quarter, down from their prior forecast of $0.08. The consensus estimate for Newpark Resources’ current full-year earnings is $0.36 per share. Roth Capital also issued estimates for Newpark Resources’ Q4 2025 earnings at $0.12 EPS.

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

Newpark Resources Stock Down 2.0 %

Shares of Newpark Resources stock opened at $7.28 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00. The company has a 50-day moving average of $7.10 and a 200 day moving average of $7.59. The firm has a market cap of $629.50 million, a price-to-earnings 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.

Institutional Trading of Newpark Resources

Large investors have recently added to or reduced their stakes in the business. CWM LLC raised its stake in shares of Newpark Resources by 114.5% in the second quarter. CWM LLC now owns 9,730 shares of the oil and gas company’s stock worth $81,000 after buying an additional 5,193 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in Newpark Resources during the 1st quarter worth approximately $86,000. Ground Swell Capital LLC purchased a new position in Newpark Resources during the second quarter valued at approximately $91,000. SG Americas Securities LLC bought a new position in shares of Newpark Resources in the third quarter worth approximately $116,000. Finally, Catalina Capital Group LLC increased its stake in shares of 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 worth $118,000 after purchasing an additional 1,360 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors.

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.