Newpark Resources Inc (NYSE:NR) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.02 and traded as high as $7.07. Newpark Resources shares last traded at $7.01, with a volume of 17,080 shares trading hands.
Several analysts recently issued reports on NR shares. Raymond James reissued a “hold” rating on shares of Snc-Lavalin Group in a research report on Wednesday, July 3rd. ValuEngine downgraded shares of W&T Offshore from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. TheStreet raised shares of Zimmer Biomet from a “c” rating to a “b-” rating in a research report on Friday, April 26th. Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 27th. Finally, SunTrust Banks set a $18.00 price target on shares of Mercantil Bank and gave the company a “buy” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.00.
The company has a debt-to-equity ratio of 0.32, a current ratio of 4.45 and a quick ratio of 2.81. The stock has a market capitalization of $637.16 million, a PE ratio of 17.00 and a beta of 1.47. The stock has a fifty day simple moving average of $7.01.
Newpark Resources (NYSE:NR) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). The firm had revenue of $211.50 million for the quarter, compared to analysts’ expectations of $224.17 million. Newpark Resources had a return on equity of 6.29% and a net margin of 2.83%. Newpark Resources’s revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. On average, equities analysts anticipate that Newpark Resources Inc will post 0.28 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of NR. GYL Financial Synergies LLC purchased a new position in shares of Newpark Resources in the 1st quarter worth about $1,178,000. Clearbridge Investments LLC boosted its holdings in shares of Newpark Resources by 9.5% in the 1st quarter. Clearbridge Investments LLC now owns 4,371,575 shares of the oil and gas company’s stock worth $40,044,000 after buying an additional 379,267 shares during the last quarter. TCW Group Inc. boosted its holdings in shares of Newpark Resources by 2.8% in the 1st quarter. TCW Group Inc. now owns 555,304 shares of the oil and gas company’s stock worth $5,087,000 after buying an additional 15,016 shares during the last quarter. Granite Investment Partners LLC purchased a new position in shares of Newpark Resources in the 1st quarter worth about $1,918,000. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Newpark Resources by 6.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,290,690 shares of the oil and gas company’s stock worth $30,143,000 after buying an additional 212,325 shares during the last quarter. 98.65% of the stock is currently owned by hedge funds and other institutional investors.
Newpark Resources Company Profile (NYSE:NR)
Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production industry. It operates through two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment offers drilling and completion fluids solutions, and technical services to customers in the North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific regions.
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