News headlines about Newpark Resources (NYSE:NR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Newpark Resources earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.3434240799594 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Brokerages Expect Newpark Resources, Inc. (NR) Will Post Quarterly Sales of $199.48 Million (americanbankingnews.com)
- Newpark Resources, Inc. (NR) Director Sells $99,327.00 in Stock (americanbankingnews.com)
- G Stephen Finley Sells 2,000 Shares of Newpark Resources, Inc. (NR) Stock (americanbankingnews.com)
- Zacks: Brokerages Expect Newpark Resources, Inc. (NR) to Post $0.03 EPS (americanbankingnews.com)
- Newpark Resources, Inc. (NR) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
NR has been the topic of several research reports. SunTrust Banks upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Tuesday, October 24th. Cowen set a $9.00 price objective on shares of Newpark Resources and gave the company a “hold” rating in a report on Friday, October 6th. Finally, BidaskClub lowered shares of Newpark Resources from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $10.25.
Newpark Resources (NYSE:NR) last posted its earnings results on Monday, October 30th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). Newpark Resources had a negative return on equity of 0.29% and a net margin of 0.48%. The business 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 company earned ($0.16) EPS. The company’s revenue was up 92.8% on a year-over-year basis. sell-side analysts forecast that Newpark Resources will post 0.06 earnings per share for the current year.
In related news, Director David C. Anderson sold 17,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $8.91, for a total value of $151,470.00. Following the sale, the director now owns 170,841 shares in the company, valued at approximately $1,522,193.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director G Stephen Finley sold 11,300 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $8.79, for a total transaction of $99,327.00. Following the completion of the sale, the director now owns 192,658 shares in the company, valued at approximately $1,693,463.82. The disclosure for this sale can be found here. Insiders sold a total of 30,300 shares of company stock worth $268,457 in the last 90 days. 4.90% of the stock is currently owned by company insiders.
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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