Research Analysts Offer Predictions for NR FY2024 Earnings

Newpark Resources, Inc. (NYSE:NR - Free Report) - Equities research analysts at HC Wainwright raised their FY2024 earnings per share estimates for Newpark Resources in a research report issued on Monday, November 11th. HC Wainwright analyst A. Dayal now anticipates that the oil and gas company will earn $0.42 per share for the year, up from their prior forecast of $0.33. HC Wainwright currently has a "Buy" rating and a $12.00 target price on the stock. The consensus estimate for Newpark Resources' current full-year earnings is $0.32 per share. HC Wainwright also issued estimates for Newpark Resources' Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.34 EPS.

Separately, StockNews.com downgraded shares of Newpark Resources from a "buy" rating to a "hold" rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Newpark Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.00.

Newpark Resources Price Performance

NR stock traded up $0.11 during trading on Tuesday, reaching $7.36. The company's stock had a trading volume of 294,975 shares, compared to its average volume of 663,321. The company has a market capitalization of $636.42 million, a P/E ratio of -3.96 and a beta of 2.87. The company has a quick ratio of 1.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.09. Newpark Resources has a 1 year low of $5.61 and a 1 year high of $8.65. The company's fifty day moving average is $7.11 and its 200-day moving average is $7.59.

Institutional Trading of Newpark Resources

Large investors have recently made changes to their positions in the stock. CWM LLC raised its position in Newpark Resources by 114.5% during the 2nd quarter. CWM LLC now owns 9,730 shares of the oil and gas company's stock valued at $81,000 after purchasing an additional 5,193 shares in the last quarter. Ground Swell Capital LLC purchased a new position in Newpark Resources during the 2nd quarter valued at about $91,000. Oppenheimer Asset Management Inc. bought a new position in Newpark Resources in the first quarter worth approximately $86,000. Catalina Capital Group LLC lifted its holdings in Newpark Resources by 10.6% during the second quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company's stock worth $118,000 after buying an additional 1,360 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Newpark Resources during the 3rd quarter valued at $116,000. 80.81% of the stock is owned by hedge funds and other 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.