Newpark Resources, Inc. (NYSE:NR - Free Report) - Investment analysts at B. Riley issued their Q1 2024 earnings per share (EPS) estimates for shares of Newpark Resources in a report released on Monday, April 8th. B. Riley analyst A. Rygiel anticipates that the oil and gas company will post earnings per share of $0.06 for the quarter. B. Riley has a "Buy" rating and a $10.00 price objective on the stock. The consensus estimate for Newpark Resources' current full-year earnings is $0.29 per share. B. Riley also issued estimates for Newpark Resources' Q2 2024 earnings at $0.07 EPS, Q3 2024 earnings at $0.09 EPS, Q4 2024 earnings at $0.09 EPS, FY2024 earnings at $0.31 EPS and FY2025 earnings at $0.38 EPS.
NR has been the topic of a number of other reports. StockNews.com cut Newpark Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. Roth Mkm started coverage on Newpark Resources in a research report on Friday, March 8th. They set a "buy" rating and a $10.00 target price on the stock. Roth Capital restated a "buy" rating on shares of Newpark Resources in a research report on Friday, March 8th. Finally, TheStreet cut Newpark Resources from a "b-" rating to a "c+" rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $10.75.
View Our Latest Stock Report on Newpark Resources
Newpark Resources Price Performance
Shares of NYSE:NR traded up $0.04 during trading on Thursday, reaching $7.66. 525,976 shares of the company's stock traded hands, compared to its average volume of 688,224. Newpark Resources has a fifty-two week low of $3.40 and a fifty-two week high of $7.80. The company has a quick ratio of 1.59, a current ratio of 2.62 and a debt-to-equity ratio of 0.14. The firm has a market cap of $652.63 million, a PE ratio of 47.88 and a beta of 2.75. The company has a 50-day simple moving average of $6.78 and a 200-day simple moving average of $6.81.
Newpark Resources (NYSE:NR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Newpark Resources had a return on equity of 6.53% and a net margin of 1.94%. The company had revenue of $167.82 million for the quarter, compared to analyst estimates of $170.87 million.
Institutional Investors Weigh In On Newpark Resources
Several institutional investors have recently bought and sold shares of NR. JPMorgan Chase & Co. lifted its stake in Newpark Resources by 229.3% in the 1st quarter. JPMorgan Chase & Co. now owns 593,407 shares of the oil and gas company's stock worth $2,172,000 after purchasing an additional 413,182 shares in the last quarter. American Century Companies Inc. lifted its stake in Newpark Resources by 24.9% in the 1st quarter. American Century Companies Inc. now owns 228,541 shares of the oil and gas company's stock worth $836,000 after purchasing an additional 45,560 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Newpark Resources by 53.1% in the 1st quarter. MetLife Investment Management LLC now owns 49,550 shares of the oil and gas company's stock worth $181,000 after purchasing an additional 17,192 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Newpark Resources by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,293,382 shares of the oil and gas company's stock worth $15,714,000 after purchasing an additional 106,348 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Newpark Resources by 0.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 706,819 shares of the oil and gas company's stock worth $2,587,000 after purchasing an additional 3,675 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.
Newpark Resources Company Profile
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Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.
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