Research Analysts Issue Forecasts for NR FY2025 Earnings

Newpark Resources, Inc. (NYSE:NR - Free Report) - Research analysts at B. Riley reduced their FY2025 EPS estimates for Newpark Resources in a report issued on Monday, November 11th. B. Riley analyst A. Rygiel now anticipates that the oil and gas company will earn $0.35 per share for the year, down from their prior estimate of $0.36. The consensus estimate for Newpark Resources' current full-year earnings is $0.36 per share.

NR has been the subject of a number of other reports. StockNews.com downgraded Newpark Resources from a "buy" rating to a "hold" rating in a research report on Monday, September 23rd. HC Wainwright reiterated a "buy" rating and issued a $12.00 price objective on shares of Newpark Resources in a research note on Monday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Newpark Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.00.

Newpark Resources Trading Down 2.0 %

Shares of Newpark Resources stock traded down $0.15 on Wednesday, hitting $7.28. The stock had a trading volume of 520,822 shares, compared to its average volume of 664,645. The stock has a 50 day moving average of $7.10 and a 200 day moving average of $7.59. The firm has a market capitalization of $629.50 million, a P/E ratio of -3.98 and a beta of 2.87. Newpark Resources has a twelve month low of $5.61 and a twelve month high of $8.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29.

Institutional Investors Weigh In On Newpark Resources

Several hedge funds and other institutional investors have recently made changes to their positions in NR. Royce & Associates LP lifted its position in shares of Newpark Resources by 2.9% during the third quarter. Royce & Associates LP now owns 2,191,552 shares of the oil and gas company's stock valued at $15,187,000 after purchasing an additional 61,128 shares in the last quarter. American Century Companies Inc. boosted its position in Newpark Resources by 19.9% during the second quarter. American Century Companies Inc. now owns 1,891,740 shares of the oil and gas company's stock worth $15,720,000 after purchasing an additional 313,451 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Newpark Resources by 125.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 764,873 shares of the oil and gas company's stock worth $5,301,000 after purchasing an additional 425,505 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Newpark Resources by 2.5% during the 2nd quarter. Renaissance Technologies LLC now owns 653,000 shares of the oil and gas company's stock valued at $5,426,000 after acquiring an additional 15,859 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Newpark Resources by 12.3% during the 2nd quarter. AQR Capital Management LLC now owns 649,967 shares of the oil and gas company's stock worth $5,401,000 after purchasing an additional 71,073 shares in the last quarter. 80.81% of the stock is owned by institutional investors.

Newpark Resources Company Profile

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.