2 weeks Ago By ABMN Staff
Newpark Resources ( NYSE:NR – Get Free Report ) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday. A number of other brokerages have also commented on NR.
B. Riley lifted their price target on shares of Newpark Resources from $10.00 to $11.
00 and gave the stock a “buy” rating in a research note on Monday, May 6th. HC Wainwright restated a “buy” rating and issued a $12.00 target price on shares of Newpark Resources in a report on Wednesday, August 7th.
One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Newpark Resources has a consensus rating of “Moderate Buy” and an average target price of $11.
00. Get Our Latest Stock Analysis on Newpark Resources Newpark Resources Stock Down 1.3 % 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 EPS for the quarter, beating the consensus estimate of $0.08 by $0.
04. The company had revenue of $179.01 million for the quarter, compared to the consensus estimate of $171.
04 million. Newpark Resources had a net margin of 2.25% and a return on equity of 6.
67%. During the same period in the prior year, the firm posted $0.08 EPS.
On average, research analysts forecast that Newpark Resources will post 0.35 EPS for the current fiscal year. Institutional Investors Weigh In On Newpark Resources A number of institutional investors have recently added to or reduced their stakes in the stock.
Catalina Capital Group LLC lifted its position in shares of Newpark Resources by 10.6% in 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 in the last quarter.
Ironwood Investment Management LLC boosted its position in shares of Newpark Resources by 1.0% during the 2nd quarter. Ironwood Investment Management LLC now owns 145,520 shares of the oil and gas company’s stock valued at $1,209,000 after acquiring an additional 1,442 shares during the last quarter.
Bleakley Financial Group LLC grew its holdings in shares of Newpark Resources by 8.1% in the first quarter. Bleakley Financial Group LLC now owns 21,466 shares of the oil and gas company’s stock valued at $155,000 after purchasing an additional 1,604 shares in the last quarter.
Marathon Capital Management grew its holdings in shares of Newpark Resources by 1.1% in the second quarter. Marathon Capital Management now owns 266,175 shares of the oil and gas company’s stock valued at $2,212,000 after purchasing an additional 3,025 shares in the last quarter.
Finally, Riverwater Partners LLC increased its position in Newpark Resources by 4.4% in the first quarter. Riverwater Partners LLC now owns 75,254 shares of the oil and gas company’s stock worth $543,000 after purchasing an additional 3,140 shares during the last quarter.
80.81% of the stock is owned by hedge funds and other institutional investors. About Newpark Resources ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Newpark Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newpark Resources and related companies with MarketBeat.
com's FREE daily email newsletter ..
