Wall Street brokerages predict that Newpark Resources Inc (NYSE:NR) will post earnings of $0.06 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Newpark Resources’ earnings, with estimates ranging from $0.05 to $0.06. Newpark Resources reported earnings of $0.12 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 50%. The business is scheduled to report its next earnings results after the market closes on Tuesday, July 30th.
According to Zacks, analysts expect that Newpark Resources will report full year earnings of $0.28 per share for the current financial year, with EPS estimates ranging from $0.23 to $0.31. For the next financial year, analysts anticipate that the company will post earnings of $0.58 per share, with EPS estimates ranging from $0.28 to $0.78. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for Newpark Resources.
Newpark Resources (NYSE:NR) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). The firm had revenue of $211.50 million during the quarter, compared to the consensus estimate of $224.17 million. Newpark Resources had a net margin of 2.83% and a return on equity of 6.29%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS.
Several equities research analysts recently commented on NR shares. ValuEngine cut W&T Offshore from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Zacks Investment Research cut Green Plains from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 27th. SunTrust Banks set a $18.00 price target on Mercantil Bank and gave the company a “buy” rating in a research note on Monday, April 8th. TheStreet raised Zimmer Biomet from a “c” rating to a “b-” rating in a research note on Friday, April 26th. Finally, Raymond James reissued a “hold” rating on shares of Snc-Lavalin Group in a research note on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Newpark Resources currently has an average rating of “Hold” and an average price target of $12.00.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Newpark Resources by 1.9% in the 4th quarter. BlackRock Inc. now owns 13,844,202 shares of the oil and gas company’s stock worth $95,110,000 after purchasing an additional 263,764 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Newpark Resources by 9.5% in the 1st quarter. Clearbridge Investments LLC now owns 4,371,575 shares of the oil and gas company’s stock worth $40,044,000 after purchasing an additional 379,267 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Newpark Resources by 8.8% in the 4th quarter. Bank of New York Mellon Corp now owns 3,366,755 shares of the oil and gas company’s stock worth $23,130,000 after purchasing an additional 270,920 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Newpark Resources by 6.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,290,690 shares of the oil and gas company’s stock worth $30,143,000 after purchasing an additional 212,325 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in Newpark Resources by 0.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 1,640,664 shares of the oil and gas company’s stock worth $15,029,000 after purchasing an additional 8,887 shares during the last quarter. Hedge funds and other institutional investors own 98.65% of the company’s stock.
Shares of NYSE NR traded up $0.25 during trading hours on Friday, hitting $6.65. The stock had a trading volume of 441,479 shares, compared to its average volume of 370,089. The firm has a market capitalization of $601.86 million, a P/E ratio of 16.22 and a beta of 1.47. The company’s 50-day moving average price is $6.95. Newpark Resources has a 52 week low of $6.29 and a 52 week high of $11.25. The company has a quick ratio of 2.81, a current ratio of 4.45 and a debt-to-equity ratio of 0.32.
Newpark Resources Company Profile
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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