Newpark Resources (NYSE:NR) posted its earnings results on Thursday. The oil and gas company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03, Briefing.com reports. Newpark Resources had a net margin of 0.48% and a negative return on equity of 0.29%. The firm had revenue of $204.40 million during the quarter, compared to the consensus estimate of $202.55 million. Newpark Resources’s revenue for the quarter was up 49.1% compared to the same quarter last year.
Newpark Resources (NR) traded down $0.13 during trading hours on Friday, reaching $7.87. 234,757 shares of the company’s stock traded hands, compared to its average volume of 416,839. 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 52-week low of $6.40 and a 52-week high of $10.20. The stock has a market cap of $703.86, a P/E ratio of 191.30 and a beta of 1.54.
Several equities analysts have weighed in on the stock. Cowen set a $10.00 target price on shares of Newpark Resources and gave the company a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research downgraded shares of Newpark Resources from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. Finally, SunTrust Banks upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Newpark Resources has an average rating of “Hold” and an average target price of $10.50.
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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.
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