Newpark Resources, Inc. (NYSE:NR) Given Average Rating of "Buy" by Analysts

Shares of Newpark Resources, Inc. (NYSE:NR - Get Free Report) have earned an average recommendation of "Buy" from the five brokerages that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $11.00.

A number of equities analysts have weighed in on the stock. B. Riley upped their price target on shares of Newpark Resources from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. Roth Mkm began coverage on Newpark Resources in a research note on Friday, March 8th. They issued a "buy" rating and a $10.00 price target for the company. StockNews.com raised Newpark Resources from a "hold" rating to a "buy" rating in a report on Friday, May 3rd. Roth Capital reaffirmed a "buy" rating on shares of Newpark Resources in a research note on Friday, March 8th. Finally, HC Wainwright reiterated a "buy" rating and set a $12.00 target price on shares of Newpark Resources in a research report on Monday, May 6th.

Newpark Resources Stock Performance

NR stock traded up $0.07 on Monday, hitting $7.71. The company had a trading volume of 514,100 shares, compared to its average volume of 639,138. The company has a current ratio of 2.79, a quick ratio of 1.74 and a debt-to-equity ratio of 0.14. Newpark Resources has a 12-month low of $3.40 and a 12-month high of $8.02. The stock has a market cap of $656.89 million, a price-to-earnings ratio of 42.84 and a beta of 2.78. The stock's 50-day simple moving average is $7.43 and its 200 day simple moving average is $6.93.

Newpark Resources (NYSE:NR - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. The business had revenue of $169.11 million during the quarter, compared to the consensus estimate of $170.69 million. Newpark Resources had a return on equity of 6.67% and a net margin of 2.25%. As a group, equities research analysts expect that Newpark Resources will post 0.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Newpark Resources

A number of hedge funds have recently made changes to their positions in NR. Bleakley Financial Group LLC raised its stake in Newpark Resources by 8.1% during the first quarter. Bleakley Financial Group LLC now owns 21,466 shares of the oil and gas company's stock valued at $155,000 after purchasing an additional 1,604 shares in the last quarter. Riverwater Partners LLC lifted its holdings in shares of Newpark Resources by 4.4% in the 1st quarter. Riverwater Partners LLC now owns 75,254 shares of the oil and gas company's stock valued at $543,000 after acquiring an additional 3,140 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Newpark Resources by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,521 shares of the oil and gas company's stock worth $250,000 after acquiring an additional 3,232 shares in the last quarter. Kure Advisory LLC increased its stake in Newpark Resources by 20.0% during the fourth quarter. Kure Advisory LLC now owns 20,204 shares of the oil and gas company's stock worth $134,000 after acquiring an additional 3,363 shares during the last quarter. Finally, CWM LLC raised its position in Newpark Resources by 495.4% during the first quarter. CWM LLC now owns 4,537 shares of the oil and gas company's stock valued at $33,000 after purchasing an additional 3,775 shares during the period. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

About Newpark Resources

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.