Newpark Resources, Inc. (NYSE:NR) rose 9.9% during mid-day trading on Friday . The company traded as high as $9.45 and last traded at $9.45. Approximately 818,330 shares traded hands during trading, an increase of 86% from the average daily volume of 439,678 shares. The stock had previously closed at $8.60.

NR has been the topic of a number of analyst reports. Zacks Investment Research cut Newpark Resources from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Cowen and Company set a $9.00 price objective on Newpark Resources and gave the stock a “hold” rating in a research note on Friday, October 6th. BidaskClub cut Newpark Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, SunTrust Banks, Inc. upgraded Newpark Resources from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Newpark Resources currently has a consensus rating of “Buy” and a consensus price target of $9.80.

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.67 and a current ratio of 2.71.

Newpark Resources (NYSE:NR) last posted its quarterly earnings results on Monday, October 30th. The oil and gas company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Newpark Resources had a net margin of 0.48% and a negative return on equity of 0.29%. The business had revenue of $201.70 million during the quarter, compared to the consensus estimate of $192.57 million. During the same quarter last year, the company posted ($0.16) EPS. The firm’s revenue was up 92.8% on a year-over-year basis. analysts anticipate that Newpark Resources, Inc. will post 0.08 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its stake in Newpark Resources by 60.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 46,604 shares of the oil and gas company’s stock valued at $466,000 after acquiring an additional 17,507 shares during the period. Swiss National Bank raised its stake in Newpark Resources by 5.9% in the 3rd quarter. Swiss National Bank now owns 148,600 shares of the oil and gas company’s stock valued at $1,486,000 after acquiring an additional 8,300 shares during the period. Chicago Equity Partners LLC raised its stake in Newpark Resources by 58.7% in the 3rd quarter. Chicago Equity Partners LLC now owns 224,775 shares of the oil and gas company’s stock valued at $2,248,000 after acquiring an additional 83,125 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Newpark Resources in the 3rd quarter valued at $191,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Newpark Resources in the 3rd quarter valued at $114,000.

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Newpark Resources Company Profile

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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