Newpark Resources, Inc. (NYSE:NR) posted its earnings results on Monday. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01), Bloomberg Earnings reports. Newpark Resources had a net margin of 0.48% and a negative return on equity of 0.29%. The firm had revenue of $201.70 million during the quarter, compared to analyst estimates of $192.57 million. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. The business’s revenue for the quarter was up 92.8% on a year-over-year basis.

Newpark Resources (NR) traded down 0.57% during trading on Wednesday, hitting $8.70. 76,403 shares of the company traded hands. Newpark Resources has a 52-week low of $5.80 and a 52-week high of $10.20. The company’s 50-day moving average is $9.57 and its 200 day moving average is $8.16. The firm’s market cap is $744.79 million.

Several research firms recently issued reports on NR. Cowen and Company set a $9.00 target price on shares of Newpark Resources and gave the company a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, October 24th. Finally, BidaskClub upgraded shares of Newpark Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $9.80.

WARNING: This piece was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://theolympiareport.com/2017/11/01/newpark-resources-inc-nr-posts-quarterly-earnings-results-misses-estimates-by-0-01-eps.html.

About Newpark Resources

Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.

Earnings History for Newpark Resources (NYSE:NR)

Receive News & Ratings for Newpark Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newpark Resources Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.