Newpark Resources Inc (NYSE:NR) EVP Bruce Campbell Smith sold 43,750 shares of Newpark Resources stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $8.47, for a total transaction of $370,562.50. Following the completion of the sale, the executive vice president now directly owns 292,942 shares in the company, valued at approximately $2,481,218.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Newpark Resources Inc (NR) traded up $0.10 during trading on Friday, reaching $8.60. 162,510 shares of the company were exchanged, compared to its average volume of 436,799. The company has a quick ratio of 2.14, a current ratio of 3.19 and a debt-to-equity ratio of 0.29. The company has a market cap of $749.33, a price-to-earnings ratio of 84.00 and a beta of 1.54. Newpark Resources Inc has a twelve month low of $6.40 and a twelve month high of $10.20.
Newpark Resources (NYSE:NR) last released its quarterly earnings results on Thursday, February 8th. The oil and gas company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03. Newpark Resources had a negative net margin of 0.82% and a positive return on equity of 1.59%. The business had revenue of $204.40 million during the quarter, compared to analysts’ expectations of $202.55 million. The company’s quarterly revenue was up 49.1% on a year-over-year basis. research analysts anticipate that Newpark Resources Inc will post 0.4 earnings per share for the current year.
Several analysts have recently issued reports on NR shares. ValuEngine lowered shares of Newpark Resources from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. Zacks Investment Research raised shares of Newpark Resources from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Cowen set a $10.00 target price on shares of Newpark Resources and gave the stock a “hold” rating in a report on Thursday, January 11th. Finally, SunTrust Banks raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $10.50.
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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.
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