Newpark Resources, Inc. (NYSE:NR) - Investment analysts at SunTrust Banks issued their Q1 2018 EPS estimates for Newpark Resources in a research note issued on Thursday. SunTrust Banks analyst K. Sill forecasts that the oil and gas company will post earnings per share of $0.05 for the quarter. SunTrust Banks also issued estimates for Newpark Resources’ Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.04 EPS and Q4 2018 earnings at $0.07 EPS.
Newpark Resources (NYSE:NR) last announced its quarterly earnings data on Thursday, April 27th. The oil and gas company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. The firm had revenue of $158.70 million for the quarter, compared to analyst estimates of $150.48 million. Newpark Resources had a negative return on equity of 4.34% and a negative net margin of 5.51%. The business’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same period last year, the company earned ($0.16) EPS.
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NR has been the topic of a number of other research reports. Zacks Investment Research raised shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research note on Thursday, May 4th. Loop Capital reaffirmed a “buy” rating on shares of Newpark Resources in a research note on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Newpark Resources presently has a consensus rating of “Buy” and an average target price of $25.63.
Newpark Resources (NYSE NR) opened at 7.35 on Friday. The firm’s market cap is $653.03 million. Newpark Resources has a 1-year low of $5.48 and a 1-year high of $8.75. The stock has a 50 day moving average price of $7.30 and a 200-day moving average price of $7.63.
In related news, Director David C. Anderson sold 15,124 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $7.35, for a total value of $111,161.40. Following the sale, the director now owns 187,841 shares of the company’s stock, valued at $1,380,631.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Bruce Campbell Smith sold 10,578 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $8.00, for a total transaction of $84,624.00. Following the completion of the sale, the executive vice president now directly owns 226,034 shares in the company, valued at approximately $1,808,272. The disclosure for this sale can be found here. In the last three months, insiders sold 201,214 shares of company stock worth $1,594,199. 4.70% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Alpha Windward LLC acquired a new stake in shares of Newpark Resources during the second quarter valued at $410,000. Rockefeller Financial Services Inc. boosted its stake in shares of Newpark Resources by 3.2% in the second quarter. Rockefeller Financial Services Inc. now owns 1,414,438 shares of the oil and gas company’s stock valued at $10,396,000 after buying an additional 43,634 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Newpark Resources by 4.9% in the second quarter. Louisiana State Employees Retirement System now owns 36,200 shares of the oil and gas company’s stock valued at $266,000 after buying an additional 1,700 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Newpark Resources by 86.2% in the second quarter. State of Alaska Department of Revenue now owns 17,414 shares of the oil and gas company’s stock valued at $127,000 after buying an additional 8,064 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its stake in shares of Newpark Resources by 36.0% in the second quarter. GW&K Investment Management LLC now owns 18,005 shares of the oil and gas company’s stock valued at $132,000 after buying an additional 4,765 shares in the last quarter.
Newpark Resources Company Profile
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.
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