Newpark Resources, Inc. (NYSE:NR) Receives Average Rating of "Buy" from Analysts

Shares of Newpark Resources, Inc. (NYSE:NR - Get Free Report) have received a consensus rating of "Buy" from the five analysts that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $11.00.

Several equities research analysts have issued reports on the stock. HC Wainwright reissued a "buy" rating and issued a $12.00 price target on shares of Newpark Resources in a report on Thursday, September 19th. StockNews.com lowered shares of Newpark Resources from a "buy" rating to a "hold" rating in a research report on Monday, September 23rd.

Newpark Resources Stock Up 1.6 %

NYSE NR opened at $6.92 on Friday. Newpark Resources has a twelve month low of $5.61 and a twelve month high of $8.65. The stock has a market cap of $589.60 million, a PE ratio of 38.44 and a beta of 2.87. The firm has a 50-day simple moving average of $7.68 and a 200 day simple moving average of $7.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.61 and a current ratio of 2.61.

Newpark Resources (NYSE:NR - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The oil and gas company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04. The company had revenue of $179.01 million for the quarter, compared to analyst estimates of $171.04 million. Newpark Resources had a return on equity of 7.49% and a net margin of 3.15%. During the same quarter last year, the firm earned $0.08 EPS. On average, research analysts forecast that Newpark Resources will post 0.36 EPS for the current year.

Hedge Funds Weigh In On Newpark Resources

Institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC raised its position in Newpark Resources by 182.5% in the 1st quarter. Ancora Advisors LLC now owns 647,930 shares of the oil and gas company's stock valued at $4,678,000 after purchasing an additional 418,570 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Newpark Resources in the fourth quarter valued at $2,567,000. Russell Investments Group Ltd. raised its holdings in shares of Newpark Resources by 210.2% in the first quarter. Russell Investments Group Ltd. now owns 516,427 shares of the oil and gas company's stock valued at $3,729,000 after buying an additional 349,935 shares during the last quarter. American Century Companies Inc. lifted its position in Newpark Resources by 19.9% during the 2nd quarter. American Century Companies Inc. now owns 1,891,740 shares of the oil and gas company's stock worth $15,720,000 after buying an additional 313,451 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in Newpark Resources by 161.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 322,326 shares of the oil and gas company's stock worth $2,327,000 after acquiring an additional 199,066 shares during 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.