Newpark Resources Inc (NYSE:NR) has earned an average rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $11.00.

NR has been the topic of a number of research reports. ValuEngine upgraded Newpark Resources from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Zacks Investment Research cut Newpark Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Finally, TheStreet cut Newpark Resources from a “b-” rating to a “c+” rating in a report on Monday, October 29th.

Shares of NR traded down $0.22 on Thursday, reaching $7.17. The stock had a trading volume of 548,483 shares, compared to its average volume of 570,074. The stock has a market cap of $671.07 million, a P/E ratio of 71.70 and a beta of 1.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.70 and a quick ratio of 2.31. Newpark Resources has a twelve month low of $7.04 and a twelve month high of $11.65.

Newpark Resources (NYSE:NR) last released its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The firm had revenue of $235.33 million during the quarter, compared to analyst estimates of $237.08 million. Newpark Resources had a return on equity of 5.56% and a net margin of 1.36%. Research analysts expect that Newpark Resources will post 0.38 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NR. Federated Investors Inc. PA grew its holdings in Newpark Resources by 304.0% during the 2nd quarter. Federated Investors Inc. PA now owns 271,565 shares of the oil and gas company’s stock valued at $2,946,000 after buying an additional 204,341 shares during the last quarter. New Amsterdam Partners LLC NY grew its holdings in Newpark Resources by 1,198.3% during the 3rd quarter. New Amsterdam Partners LLC NY now owns 182,958 shares of the oil and gas company’s stock valued at $1,894,000 after buying an additional 168,866 shares during the last quarter. Legal & General Group Plc grew its holdings in Newpark Resources by 5.5% during the 2nd quarter. Legal & General Group Plc now owns 189,497 shares of the oil and gas company’s stock valued at $2,064,000 after buying an additional 9,834 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Newpark Resources by 15.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,561,381 shares of the oil and gas company’s stock valued at $16,941,000 after buying an additional 214,495 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in Newpark Resources by 152.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 210,153 shares of the oil and gas company’s stock valued at $2,280,000 after buying an additional 126,901 shares during the last quarter. Institutional investors and hedge funds own 98.70% of the company’s stock.

Newpark Resources Company Profile

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and gas exploration and production industry. It operates through two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific regions.

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