Global Hunter Securities Gives Accumulate Rating to Newpark Resources (NR)

By admin | 6 years ago

Newpark Resources (NYSE: NR)‘s stock had its “accumulate” rating reaffirmed by Global Hunter Securities in a research note issued on Monday.

A number of other firms have also recently commented on NR. Analysts at Raymond James (NYSE: RJF) downgraded shares of Newpark Resources from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, April 16th. Analysts at Zacks downgraded shares of Newpark Resources from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, February 22nd.

Newpark Resources traded up 0.16% on Monday, hitting $6.37. Newpark Resources has a 52-week low of $5.19 and a 52-week high of $10.62. The company has a market cap of $578.6 million and a price-to-earnings ratio of 8.02.

The company last announced its quarterly results on Thursday, April 26th. It reported $0.16 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.21 EPS by $0.05. The company’s quarterly revenue was up 29.5% on a year-over-year basis. Analysts expect that Newpark Resources will post $0.21 EPS next quarter.

Newpark Resources, Inc. (Newpark) is a diversified oil and gas industry supplier. The Company operates in three business segments: Fluids Systems and Engineering, Mats and Integrated Services, and Environmental Services.

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