News coverage about Newpark Resources (NYSE:NR) has been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Newpark Resources earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 45.1554774704997 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several equities research analysts have recently issued reports on NR shares. Cowen set a $9.00 price objective on shares of Newpark Resources and gave the stock a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research lowered shares of Newpark Resources from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Finally, SunTrust Banks raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Newpark Resources has a consensus rating of “Hold” and a consensus price target of $10.50.
Shares of Newpark Resources (NYSE:NR) opened at $9.65 on Wednesday. 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 $845.49, a price-to-earnings ratio of 241.31 and a beta of 1.58. The company has a quick ratio of 1.96, a current ratio of 2.71 and a debt-to-equity ratio of 0.27.
Newpark Resources (NYSE:NR) last announced its earnings results on Monday, October 30th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $192.57 million. Newpark Resources had a net margin of 0.48% and a negative return on equity of 0.29%. Newpark Resources’s revenue for the quarter was up 92.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.16) earnings per share. research analysts forecast that Newpark Resources will post 0.06 EPS for the current fiscal year.
In other news, Director David C. Anderson sold 17,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $8.91, for a total value of $151,470.00. Following the completion of the transaction, the director now directly owns 170,841 shares in the company, valued at $1,522,193.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director G Stephen Finley sold 11,300 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $8.79, for a total transaction of $99,327.00. Following the completion of the transaction, the director now owns 192,658 shares of the company’s stock, valued at $1,693,463.82. The disclosure for this sale can be found here. Insiders sold 40,423 shares of company stock valued at $360,346 over the last 90 days. Insiders own 4.90% of the company’s stock.
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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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