Newpark Resources (NYSE:NR) Research Coverage Started at B. Riley

Analysts at B. Riley assumed coverage on shares of Newpark Resources (NYSE:NR - Get Free Report) in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $10.00 price target on the oil and gas company's stock. B. Riley's price objective suggests a potential upside of 32.98% from the company's previous close.

Several other brokerages have also recently weighed in on NR. Roth Capital reissued a "buy" rating on shares of Newpark Resources in a research report on Friday, March 8th. TheStreet downgraded Newpark Resources from a "b-" rating to a "c+" rating in a report on Thursday, January 4th. Roth Mkm started coverage on Newpark Resources in a research report on Friday, March 8th. They issued a "buy" rating and a $10.00 target price for the company. Finally, StockNews.com lowered Newpark Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $10.75.

Newpark Resources Trading Down 0.4 %

Shares of NR traded down $0.03 during trading hours on Tuesday, hitting $7.52. The company had a trading volume of 500,407 shares, compared to its average volume of 694,152. Newpark Resources has a 52-week low of $3.40 and a 52-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 stock's 50 day moving average price is $6.74 and its 200 day moving average price is $6.79. The firm has a market cap of $640.70 million, a P/E ratio of 47.00 and a beta of 2.75.

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 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.03). The company had revenue of $167.82 million during the quarter, compared to analysts' expectations of $170.87 million. Newpark Resources had a return on equity of 6.53% and a net margin of 1.94%. On average, research analysts predict that Newpark Resources will post 0.29 EPS for the current year.

Institutional Trading of Newpark Resources

Several large investors have recently bought and sold shares of NR. Dorsey Wright & Associates acquired a new position in Newpark Resources in the 3rd quarter valued at $32,000. CWM LLC increased its stake in Newpark Resources by 495.4% in 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 last quarter. UBS Group AG boosted its stake in Newpark Resources by 374.4% in the 3rd quarter. UBS Group AG now owns 13,410 shares of the oil and gas company's stock worth $34,000 after buying an additional 10,583 shares during the last quarter. Captrust Financial Advisors grew its holdings in Newpark Resources by 252.0% in the 1st quarter. Captrust Financial Advisors now owns 10,288 shares of the oil and gas company's stock valued at $38,000 after buying an additional 7,365 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Newpark Resources during the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 80.81% of the company's stock.

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.