Newpark Resources (NR) Issues Quarterly Earnings Results

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.

In other Newpark Resources news, Director David C. Anderson sold 17,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $8.91, for a total transaction of $151,470.00. Following the sale, the director now directly owns 170,841 shares of the company’s stock, valued at approximately $1,522,193.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director G Stephen Finley sold 7,300 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $9.08, for a total transaction of $66,284.00. Following the sale, the director now directly owns 180,358 shares in the company, valued at $1,637,650.64. The disclosure for this sale can be found here. Insiders have sold a total of 40,423 shares of company stock valued at $360,346 over the last 90 days. 4.90% of the stock is currently owned by insiders.

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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.

Earnings History for Newpark Resources (NYSE:NR)

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