Newpark Resources (NR) Earns Media Sentiment Score of 0.15
Media coverage about Newpark Resources (NYSE:NR) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Newpark Resources earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 47.2068886461911 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Newpark Resources, Inc. :NR-US: Earnings Analysis: Q3, 2017 By the Numbers : November 2, 2017 (finance.yahoo.com)
- ETFs with exposure to Newpark Resources, Inc. : November 3, 2017 (finance.yahoo.com)
- Q3 2018 EPS Estimates for Newpark Resources, Inc. Lifted by Capital One Financial Corporation (NR) (americanbankingnews.com)
- Newpark Resources, Inc. breached its 50 day moving average in a Bearish Manner : NR-US : November 1, 2017 (finance.yahoo.com)
- Newpark Resources, Inc. (NR) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
Newpark Resources (NR) traded up $0.45 during trading on Friday, reaching $9.45. 818,330 shares of the company’s stock traded hands, compared to its average volume of 439,678. The company has a current ratio of 2.71, a quick ratio of 1.67 and a debt-to-equity ratio of 0.27. Newpark Resources has a 12-month low of $5.95 and a 12-month high of $10.20.
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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The business had revenue of $201.70 million during the quarter, compared to analyst estimates of $192.57 million. Newpark Resources had a negative return on equity of 0.29% and a net margin of 0.48%. The company’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.16) EPS. sell-side analysts predict that Newpark Resources will post 0.08 earnings per share for the current year.
Several equities research analysts recently commented on the company. SunTrust Banks, Inc. raised Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research raised Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, October 24th. Cowen and Company set a $9.00 target price on Newpark Resources and gave the stock a “hold” rating in a report on Friday, October 6th. Finally, BidaskClub cut Newpark Resources from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $9.80.
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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