Analysts Set Newpark Resources, Inc. (NYSE:NR) Target Price at $11.00

Shares of Newpark Resources, Inc. (NYSE:NR - Get Free Report) have earned an average recommendation of "Buy" from the four ratings firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $11.00.

A number of equities analysts have recently weighed in on NR shares. StockNews.com cut Newpark Resources from a "buy" rating to a "hold" rating in a report on Monday, September 23rd. HC Wainwright restated a "buy" rating and issued a $12.00 price target on shares of Newpark Resources in a report on Monday, November 11th.

Institutional Investors Weigh In On Newpark Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NR. CWM LLC increased its position in shares of Newpark Resources by 114.5% in the 2nd quarter. CWM LLC now owns 9,730 shares of the oil and gas company's stock worth $81,000 after purchasing an additional 5,193 shares during the last quarter. Ground Swell Capital LLC acquired a new position in shares of Newpark Resources in the 2nd quarter worth approximately $91,000. EP Wealth Advisors LLC acquired a new position in shares of Newpark Resources in the 3rd quarter worth approximately $96,000. Captrust Financial Advisors increased its holdings in shares of Newpark Resources by 10.8% in the 3rd quarter. Captrust Financial Advisors now owns 14,624 shares of the oil and gas company's stock valued at $101,000 after acquiring an additional 1,430 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Newpark Resources during the 3rd quarter valued at approximately $116,000. Hedge funds and other institutional investors own 80.81% of the company's stock.

Newpark Resources Price Performance

NR traded up $0.16 during midday trading on Monday, reaching $7.15. 704,178 shares of the company's stock were exchanged, compared to its average volume of 663,582. The business's 50-day moving average price is $7.07 and its 200 day moving average price is $7.60. The stock has a market capitalization of $618.48 million, a PE ratio of -3.82 and a beta of 2.87. Newpark Resources has a 1-year low of $5.61 and a 1-year high of $8.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00.

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.