Analysts expect that Newpark Resources Inc (NYSE:NR) will announce $0.07 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Newpark Resources’ earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at $0.06. Newpark Resources reported earnings of $0.08 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.5%. The firm is expected to announce its next earnings report after the market closes on Thursday, April 25th.
According to Zacks, analysts expect that Newpark Resources will report full-year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.27 to $0.52. For the next financial year, analysts anticipate that the business will report earnings of $0.56 per share, with EPS estimates ranging from $0.31 to $0.74. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Newpark Resources.
Newpark Resources (NYSE:NR) last posted its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The company had revenue of $247.70 million for the quarter, compared to analyst estimates of $242.61 million. Newpark Resources had a return on equity of 6.85% and a net margin of 3.41%. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 earnings per share.
NR has been the topic of a number of recent analyst reports. SunTrust Banks set a $13.00 price objective on Newpark Resources and gave the stock a “buy” rating in a research note on Monday, April 8th. Zacks Investment Research raised Newpark Resources from a “sell” rating to a “hold” rating in a research note on Saturday, February 9th. ValuEngine raised Newpark Resources from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Finally, TheStreet raised Newpark Resources from a “c” rating to a “b” rating in a research note on Friday, February 8th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Newpark Resources currently has a consensus rating of “Buy” and an average target price of $12.00.
Newpark Resources stock opened at $9.08 on Friday. The company has a current ratio of 3.69, a quick ratio of 2.30 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $813.57 million, a P/E ratio of 22.15 and a beta of 1.70. Newpark Resources has a one year low of $6.39 and a one year high of $11.65.
In other Newpark Resources news, insider Paul L. Howes sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $9.21, for a total value of $1,842,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul L. Howes sold 106,487 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $9.50, for a total value of $1,011,626.50. Following the completion of the transaction, the insider now directly owns 621,820 shares in the company, valued at $5,907,290. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Menta Capital LLC purchased a new stake in shares of Newpark Resources during the 4th quarter valued at $107,000. Federated Investors Inc. PA lifted its stake in Newpark Resources by 74.8% in the 3rd quarter. Federated Investors Inc. PA now owns 474,824 shares of the oil and gas company’s stock valued at $4,914,000 after buying an additional 203,259 shares in the last quarter. Vanguard Group Inc lifted its stake in Newpark Resources by 3.9% in the 3rd quarter. Vanguard Group Inc now owns 8,628,858 shares of the oil and gas company’s stock valued at $89,309,000 after buying an additional 322,856 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Newpark Resources by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 751,279 shares of the oil and gas company’s stock valued at $5,161,000 after buying an additional 3,961 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Newpark Resources by 20.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 345,914 shares of the oil and gas company’s stock worth $3,580,000 after purchasing an additional 57,623 shares in the last quarter. Hedge funds and other institutional investors own 98.65% 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 industry. It operates through two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment offers drilling and completion fluids solutions, and technical services to customers in the North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific regions.
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