Roth Capital Predicts Reduced Earnings for Newpark Resources

Newpark Resources, Inc. (NYSE:NR - Free Report) - Analysts at Roth Capital dropped their Q4 2024 EPS estimates for Newpark Resources in a research report issued to clients and investors on Tuesday, November 12th. Roth Capital analyst G. Sweeney now forecasts that the oil and gas company will post earnings per share of $0.07 for the quarter, down from their prior estimate of $0.08. The consensus estimate for Newpark Resources' current full-year earnings is $0.36 per share. Roth Capital also issued estimates for Newpark Resources' Q4 2025 earnings at $0.12 EPS.

Several other equities research analysts have also recently commented on NR. StockNews.com cut Newpark Resources from a "buy" rating to a "hold" rating in a research note on Monday, September 23rd. HC Wainwright reiterated a "buy" rating and issued a $12.00 target price on shares of Newpark Resources in a report on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $11.00.

Newpark Resources Stock Performance

NYSE NR traded down $0.15 during trading on Wednesday, reaching $7.28. The company's stock had a trading volume of 520,822 shares, compared to its average volume of 664,645. The company has a current ratio of 2.29, a quick ratio of 2.00 and a debt-to-equity ratio of 0.02. Newpark Resources has a 12 month low of $5.61 and a 12 month high of $8.65. The firm has a 50 day moving average price of $7.10 and a 200 day moving average price of $7.59. The firm has a market capitalization of $629.50 million, a price-to-earnings ratio of -3.98 and a beta of 2.87.

Institutional Investors Weigh In On Newpark Resources

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC increased its holdings in 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 acquiring an additional 5,193 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Newpark Resources in the first quarter valued at approximately $86,000. Ground Swell Capital LLC purchased a new position in shares of Newpark Resources during the 2nd quarter worth $91,000. SG Americas Securities LLC acquired a new stake in shares of Newpark Resources during the third quarter valued at about $116,000. Finally, Catalina Capital Group LLC increased its holdings in Newpark Resources by 10.6% in the 2nd quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company's stock valued at $118,000 after purchasing an additional 1,360 shares during the last quarter. Hedge funds and other institutional investors own 80.81% of the company's stock.

About Newpark Resources

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.