Newpark Resources Inc (NYSE:NR) traded down 8.2% on Monday . The stock traded as low as $6.91 and last traded at $6.93, 601,700 shares traded hands during trading. An increase of 16% from the average session volume of 519,472 shares. The stock had previously closed at $7.55.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Newpark Resources from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Wednesday, October 2nd. ValuEngine raised Newpark Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James set a $12.00 target price on Newpark Resources and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Finally, TheStreet raised Newpark Resources from a “c+” rating to a “b-” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $11.17.

The stock has a fifty day moving average of $7.26 and a 200-day moving average of $7.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 3.57. The company has a market cap of $662.86 million, a PE ratio of 16.90 and a beta of 1.56.

Newpark Resources (NYSE:NR) last posted its quarterly earnings data on Tuesday, July 30th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Newpark Resources had a net margin of 2.17% and a return on equity of 5.10%. The business had revenue of $216.41 million for the quarter, compared to analysts’ expectations of $216.63 million. During the same quarter in the previous year, the firm earned $0.12 EPS. Newpark Resources’s revenue was down 8.4% compared to the same quarter last year. As a group, equities analysts anticipate that Newpark Resources Inc will post 0.27 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Magnus Financial Group LLC purchased a new stake in shares of Newpark Resources in the 2nd quarter worth $106,000. Marshall Wace North America L.P. lifted its holdings in shares of Newpark Resources by 1,896.5% in the 2nd quarter. Marshall Wace North America L.P. now owns 15,972 shares of the oil and gas company’s stock worth $119,000 after buying an additional 15,172 shares during the period. Miles Capital Inc. lifted its holdings in shares of Newpark Resources by 9.7% in the 2nd quarter. Miles Capital Inc. now owns 16,557 shares of the oil and gas company’s stock worth $123,000 after buying an additional 1,459 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Newpark Resources in the 2nd quarter worth $128,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Newpark Resources by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 49,313 shares of the oil and gas company’s stock worth $366,000 after buying an additional 1,725 shares during the period. Institutional investors own 99.55% of the company’s stock.

About Newpark Resources (NYSE:NR)

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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