Newpark Resources (NR) Earning Somewhat Favorable News Coverage, Analysis Shows

News headlines about Newpark Resources (NYSE:NR) have trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Newpark Resources earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 44.6490752594493 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Several equities analysts recently issued reports on the company. Cowen set a $9.00 price objective on Newpark Resources and gave the company a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research lowered Newpark Resources from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. Finally, SunTrust Banks upgraded Newpark Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.25.

Newpark Resources (NR) opened at $8.60 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.71 and a quick ratio of 1.96. Newpark Resources has a 12-month low of $6.40 and a 12-month high of $10.20. The stock has a market capitalization of $738.20, a P/E ratio of 215.00 and a beta of 1.58.

Newpark Resources (NYSE:NR) last issued its quarterly earnings data on Monday, October 30th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). Newpark Resources had a net margin of 0.48% and a negative return on equity of 0.29%. 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 firm posted ($0.16) earnings per share. Newpark Resources’s revenue for the quarter was up 92.8% compared to the same quarter last year. research analysts anticipate that Newpark Resources will post 0.06 earnings per share for the current fiscal year.

In other Newpark Resources news, Director David C. Anderson sold 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was 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 2,823 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $9.07, for a total value of $25,604.61. Following the completion of the sale, the director now owns 176,235 shares in the company, valued at approximately $1,598,451.45. The disclosure for this sale can be found here. Insiders sold a total of 40,423 shares of company stock worth $360,346 in the last 90 days. Company insiders own 4.90% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Newpark Resources (NYSE:NR)

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