Exclusive: Can Newpark Resources Inc’s Tomorrow be Different? The Stock Just Broke Its High

Exclusive: Can Newpark Resources Inc's Tomorrow be Different? The Stock Just Broke Its High

The stock of Newpark Resources Inc (NYSE:NR) hit a new 52-week high and has $8.67 target or 9.00% above today’s $7.95 share price. The 5 months bullish chart indicates low risk for the $677.39M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $8.67 price target is reached, the company will be worth $60.97 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 189,879 shares traded hands. Newpark Resources Inc (NYSE:NR) has risen 50.39% since April 21, 2016 and is uptrending. It has outperformed by 45.06% the S&P500.

Analysts await Newpark Resources Inc (NYSE:NR) to report earnings on February, 9. They expect $-0.09 earnings per share, up 18.18% or $0.02 from last year’s $-0.11 per share. After $-0.13 actual earnings per share reported by Newpark Resources Inc for the previous quarter, Wall Street now forecasts -30.77% EPS growth.

Newpark Resources Inc (NYSE:NR) Ratings Coverage

Out of 4 analysts covering Newpark Resources (NYSE:NR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Newpark Resources has been the topic of 7 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The rating was upgraded by Credit Suisse on Wednesday, June 1 to “Outperform”. The stock of Newpark Resources Inc (NYSE:NR) has “Outperform” rating given on Monday, July 18 by Credit Suisse. The firm has “Outperform” rating by Cowen & Co given on Tuesday, February 16. The stock has “Buy” rating given by Tudor Pickering on Monday, May 2. The rating was upgraded by Capital One to “Overweight” on Wednesday, June 15. The stock of Newpark Resources Inc (NYSE:NR) has “Neutral” rating given on Friday, September 4 by Credit Suisse.

According to Zacks Investment Research, “NEWPARK RESOURCES, INC. provides integrated environmental services to the oil and gas exploration and production industry in the Gulf Coast area, principally in Louisiana and Texas.”

Insitutional Activity: The institutional sentiment decreased to 1.15 in Q2 2016. Its down 0.05, from 1.2 in 2016Q1. The ratio fall, as 20 funds sold all Newpark Resources Inc shares owned while 41 reduced positions. 21 funds bought stakes while 52 increased positions. They now own 83.94 million shares or 0.50% more from 83.52 million shares in 2016Q1.
Moreover, Cibc Asset Mngmt has 0% invested in Newpark Resources Inc (NYSE:NR) for 10,477 shares. Bnp Paribas Arbitrage holds 0% of its portfolio in Newpark Resources Inc (NYSE:NR) for 27,625 shares. Croft accumulated 47,000 shares or 0.06% of the stock. The Massachusetts-based Ironwood Limited Liability Corporation has invested 0.41% in Newpark Resources Inc (NYSE:NR). Nomura Hldg has invested 0% of its portfolio in Newpark Resources Inc (NYSE:NR). Renaissance Techs Llc accumulated 0% or 313,300 shares. First Tru Advsr L P last reported 0% of its portfolio in the stock. Marshall Wace Ltd Liability Partnership owns 19,900 shares or 0% of their US portfolio. Schwab Charles Inv Management Inc holds 687,218 shares or 0% of its portfolio. Hsbc Hldg Public Limited Liability Company has 0% invested in the company for 18,142 shares. Brandywine Global Inv Management Limited Liability Company last reported 0.08% of its portfolio in the stock. Capstone Asset Communication accumulated 50,853 shares or 0.01% of the stock. The California-based Blackrock Fund has invested 0.01% in Newpark Resources Inc (NYSE:NR). Vanguard Gru, a Pennsylvania-based fund reported 6.78M shares. Driehaus Capital Limited Liability Company holds 11,840 shares or 0% of its portfolio.

More recent Newpark Resources Inc (NYSE:NR) news were published by: Quotes.Wsj.com which released: “News Newpark Resources Inc.NR” on February 11, 2011. Also Prnewswire.com published the news titled: “Newpark Resources Reports Third Quarter 2016 Results” on October 27, 2016. Prnewswire.com‘s news article titled: “Newpark Resources Reports Second Quarter 2016 Results” with publication date: July 28, 2016 was also an interesting one.

NR Company Profile

Newpark Resources, Inc., incorporated on June 3, 1988, is an gas and oil supplier. The Firm provides services and products to the gas and oil exploration (E&P) industry. The Firm operates its business through two divisions: Fluids Systems, and Mats and Integrated Services. Fluids Systems segment provides customized drilling fluids solutions to E&P clients in North America; Europe, the Middle East and Africa (EMEA); Latin America, and Asia Pacific. The Mats and Integrated Services segment provides composite mat rentals, well site construction and related site services to gas and oil clients at well, production, transportation and refinery locations in the United States.

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