Newpark Resources Inc (NYSE:NR) has been assigned an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.33.

A number of research firms have issued reports on NR. SunTrust Banks set a $18.00 target price on Mercantil Bank and gave the company a “buy” rating in a research note on Monday, April 8th. Zacks Investment Research cut Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 27th. Raymond James reaffirmed a “hold” rating on shares of Snc-Lavalin Group in a research report on Wednesday, July 3rd. TheStreet raised Zimmer Biomet from a “c” rating to a “b-” rating in a research report on Friday, April 26th. Finally, ValuEngine cut W&T Offshore from a “hold” rating to a “sell” rating in a research report on Friday, April 26th.

NR stock traded up $0.01 during trading on Friday, hitting $7.00. The company had a trading volume of 18,388 shares, compared to its average volume of 457,698. The firm’s fifty day moving average is $7.02. The company has a current ratio of 4.45, a quick ratio of 2.81 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $637.16 million, a P/E ratio of 17.10 and a beta of 1.47. Newpark Resources has a fifty-two week low of $6.30 and a fifty-two week high of $11.25.

Newpark Resources (NYSE:NR) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). Newpark Resources had a net margin of 2.83% and a return on equity of 6.29%. The company had revenue of $211.50 million during the quarter, compared to analyst estimates of $224.17 million. During the same period in the prior year, the firm earned $0.08 EPS. Newpark Resources’s quarterly revenue was down 7.0% compared to the same quarter last year. As a group, analysts expect that Newpark Resources will post 0.28 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in NR. Advisor Group Inc. grew its position in Newpark Resources by 233.0% during the fourth quarter. Advisor Group Inc. now owns 4,182 shares of the oil and gas company’s stock worth $29,000 after buying an additional 2,926 shares in the last quarter. Laurion Capital Management LP acquired a new stake in Newpark Resources during the first quarter worth approximately $105,000. Menta Capital LLC acquired a new stake in Newpark Resources during the fourth quarter worth approximately $107,000. Campbell & CO Investment Adviser LLC acquired a new stake in Newpark Resources during the first quarter worth approximately $130,000. Finally, BNP Paribas Arbitrage SA grew its position in Newpark Resources by 264.9% during the first quarter. BNP Paribas Arbitrage SA now owns 20,551 shares of the oil and gas company’s stock worth $188,000 after buying an additional 14,919 shares in the last quarter. Institutional investors own 98.65% 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 industry. It operates through two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment offers drilling and completion fluids solutions, and technical services to customers in the North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific regions.

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