Newpark Resources, Inc. (NYSE:NR) Given Average Rating of "Buy" by Brokerages

Newpark Resources, Inc. (NYSE:NR - Get Free Report) has been assigned a consensus rating of "Buy" from the five research firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $11.00.

Several analysts recently commented on the stock. HC Wainwright reiterated a "buy" rating and issued a $12.00 price objective on shares of Newpark Resources in a research note on Thursday, September 19th. StockNews.com cut shares of Newpark Resources from a "buy" rating to a "hold" rating in a research note on Monday, September 23rd.

Newpark Resources Stock Performance

Shares of NR stock traded down $0.10 during mid-day trading on Thursday, hitting $6.75. The stock had a trading volume of 466,986 shares, compared to its average volume of 669,874. Newpark Resources has a fifty-two week low of $5.61 and a fifty-two week high of $8.65. The firm has a market cap of $575.11 million, a PE ratio of 38.06 and a beta of 2.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.61 and a quick ratio of 1.61. The company's 50-day simple moving average is $7.40 and its 200-day simple moving average is $7.63.

Newpark Resources (NYSE:NR - Get Free Report) last released its earnings results on Monday, August 5th. The oil and gas company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. Newpark Resources had a net margin of 3.15% and a return on equity of 7.49%. The company had revenue of $179.01 million during the quarter, compared to analysts' expectations of $171.04 million. During the same quarter last year, the business earned $0.08 EPS. Sell-side analysts anticipate that Newpark Resources will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Newpark Resources

Several hedge funds have recently added to or reduced their stakes in the business. First Bank & Trust increased its holdings in Newpark Resources by 10.0% during the 3rd quarter. First Bank & Trust now owns 21,704 shares of the oil and gas company's stock valued at $150,000 after acquiring an additional 1,965 shares in the last quarter. NorthCrest Asset Manangement LLC increased its holdings in Newpark Resources by 3.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 43,203 shares of the oil and gas company's stock valued at $299,000 after acquiring an additional 1,517 shares in the last quarter. CWM LLC increased its holdings in Newpark Resources by 79.3% during the 3rd quarter. CWM LLC now owns 17,443 shares of the oil and gas company's stock valued at $121,000 after acquiring an additional 7,713 shares in the last quarter. SG Americas Securities LLC purchased a new position in Newpark Resources during the 3rd quarter valued at about $116,000. Finally, Ironwood Investment Management LLC grew its holdings in shares of Newpark Resources by 1.0% during the second quarter. Ironwood Investment Management LLC now owns 145,520 shares of the oil and gas company's stock worth $1,209,000 after buying an additional 1,442 shares in the last quarter. 80.81% of the stock is currently 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.