Zacks Investment Research cut shares of Newpark Resources (NYSE:NR) from a hold rating to a sell rating in a research report sent to investors on Thursday, Zacks.com reports.

According to Zacks, “Newpark Resources, Inc. is a worldwide provider of value-added drilling fluids systems, and composite matting systems used in oilfield and other commercial markets. “

Other equities analysts also recently issued reports about the stock. ValuEngine downgraded shares of Newpark Resources from a hold rating to a sell rating in a research note on Wednesday, September 4th. Raymond James set a $12.00 target price on shares of Newpark Resources and gave the stock a buy rating in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Newpark Resources has an average rating of Hold and an average target price of $12.00.

Shares of NR stock opened at $7.65 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.57 and a quick ratio of 2.23. The firm’s 50-day moving average is $6.87 and its two-hundred day moving average is $7.58. Newpark Resources has a 12 month low of $6.06 and a 12 month high of $10.90. The company has a market capitalization of $675.47 million, a PE ratio of 18.66 and a beta of 1.53.

Newpark Resources (NYSE:NR) last issued its earnings results on Tuesday, July 30th. The oil and gas company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Newpark Resources had a return on equity of 5.10% and a net margin of 2.17%. The firm had revenue of $216.41 million for the quarter, compared to analysts’ expectations of $216.63 million. During the same period last year, the firm earned $0.12 earnings per share. Newpark Resources’s revenue for the quarter was down 8.4% on a year-over-year basis. Sell-side analysts forecast that Newpark Resources will post 0.26 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in NR. Laurion Capital Management LP purchased a new stake in shares of Newpark Resources in the 1st quarter valued at approximately $105,000. Magnus Financial Group LLC purchased a new stake in shares of Newpark Resources in the 2nd quarter valued at approximately $106,000. Marshall Wace North America L.P. raised its stake in shares of Newpark Resources by 1,896.5% in the 2nd quarter. Marshall Wace North America L.P. now owns 15,972 shares of the oil and gas company’s stock valued at $119,000 after acquiring an additional 15,172 shares during the period. Miles Capital Inc. raised its stake in shares of Newpark Resources by 9.7% in the 2nd quarter. Miles Capital Inc. now owns 16,557 shares of the oil and gas company’s stock valued at $123,000 after acquiring an additional 1,459 shares during the period. Finally, Capital Fund Management S.A. purchased a new stake in shares of Newpark Resources in the 2nd quarter valued at approximately $128,000.

Newpark Resources Company Profile

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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