Shares of Newpark Resources Inc (NYSE:NR) have earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $10.00.

NR has been the topic of several analyst reports. Zacks Investment Research raised shares of Newpark Resources from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Cowen set a $10.00 price target on shares of Newpark Resources and gave the company a “hold” rating in a report on Thursday, January 11th. ValuEngine lowered shares of Newpark Resources from a “hold” rating to a “sell” rating in a report on Friday, February 9th. Finally, SunTrust Banks raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd.

In other Newpark Resources news, Director G Stephen Finley sold 2,823 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $9.07, for a total transaction of $25,604.61. Following the sale, the director now owns 176,235 shares of the company’s stock, valued at approximately $1,598,451.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 23,423 shares of company stock worth $208,876. Insiders own 4.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new position in Newpark Resources during the 3rd quarter valued at about $113,000. Raymond James Financial Services Advisors Inc. acquired a new position in Newpark Resources during the 3rd quarter valued at about $114,000. BlueCrest Capital Management Ltd acquired a new position in Newpark Resources during the 2nd quarter valued at about $100,000. LMR Partners LLP acquired a new position in Newpark Resources during the 3rd quarter valued at about $154,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Newpark Resources during the 3rd quarter valued at about $170,000.

Shares of Newpark Resources (NYSE:NR) traded up $0.15 during trading on Friday, hitting $8.15. 68,495 shares of the stock were exchanged, compared to its average volume of 425,233. The firm has a market capitalization of $695.28, a PE ratio of -114.27 and a beta of 1.54. Newpark Resources has a twelve month low of $6.40 and a twelve month high of $10.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.19 and a quick ratio of 2.14.

Newpark Resources (NYSE:NR) last released its earnings results on Thursday, February 8th. The oil and gas company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The firm had revenue of $204.40 million during the quarter, compared to analysts’ expectations of $202.55 million. Newpark Resources had a negative net margin of 0.82% and a positive return on equity of 1.59%. The firm’s revenue was up 49.1% on a year-over-year basis. equities research analysts anticipate that Newpark Resources will post 0.43 EPS for the current year.

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About Newpark Resources

Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include 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 Asia Pacific regions.

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