The stock of Newpark Resources Inc (NYSE:NR) is a huge mover today! About 2.43M shares traded hands or 328.14% up from the average. Newpark Resources Inc (NYSE:NR) has risen 22.66% since April 27, 2016 and is uptrending. It has outperformed by 17.43% the S&P500.
The move comes after 5 months positive chart setup for the $541.54M company. It was reported on Nov, 30 by Barchart.com. We have $7.98 PT which if reached, will make NYSE:NR worth $48.74M more.
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 maintained by Cowen & Co with “Outperform” on Tuesday, February 16. The rating was maintained by Credit Suisse with “Neutral” on Friday, September 4. The stock of Newpark Resources Inc (NYSE:NR) earned “Outperform” rating by Credit Suisse on Wednesday, June 1. On Monday, May 2 the stock rating was upgraded by Tudor Pickering to “Buy”. Credit Suisse reinitiated Newpark Resources Inc (NYSE:NR) rating on Monday, July 18. Credit Suisse has “Outperform” rating and $7 price target. On Wednesday, June 15 the stock rating was upgraded by Capital One to “Overweight”.
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 2016 Q2. Its down 0.05, from 1.2 in 2016Q1. The ratio turned negative, 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.
Tcw Gp last reported 348,678 shares in the company. Moreover, Thompson Siegel Walmsley Lc has 0.28% invested in Newpark Resources Inc (NYSE:NR) for 3.08M shares. Metropolitan Life last reported 0% of its portfolio in the stock. Oxford Asset Mngmt has invested 0.01% of its portfolio in Newpark Resources Inc (NYSE:NR). Pathstone Family Office Limited Liability Company owns 2,000 shares or 0.01% of their US portfolio. Legal General Gp Public Ltd Co has 15,456 shares for 0% of their US portfolio. Foundry Lc has 0.11% invested in the company for 345,215 shares. Peoples Financial Services holds 0% or 232 shares in its portfolio. Moreover, International Gp Incorporated has 0% invested in Newpark Resources Inc (NYSE:NR) for 61,921 shares. The Maryland-based Proshare has invested 0% in Newpark Resources Inc (NYSE:NR). First Limited Partnership has invested 0% of its portfolio in Newpark Resources Inc (NYSE:NR). Profund Limited Liability Corporation owns 27,650 shares or 0.01% of their US portfolio. Comerica Fincl Bank holds 0% of its portfolio in Newpark Resources Inc (NYSE:NR) for 84,240 shares. Monarch Asset Management Ltd holds 0.02% or 38,700 shares in its portfolio. Calvert Mgmt Inc has invested 0.09% of its portfolio in Newpark Resources Inc (NYSE:NR).
More important recent Newpark Resources Inc (NYSE:NR) news were published by: Fool.com which released: “Why Newpark Resources Inc’s Shares Plunged 16% Today” on November 29, 2016, also Streetinsider.com published article titled: “Form 8-K NEWPARK RESOURCES INC For: Nov 29”, Quotes.Wsj.com published: “News Newpark Resources Inc.NR” on February 11, 2011. More interesting news about Newpark Resources Inc (NYSE:NR) was released by: Prnewswire.com and their article: “Newpark Resources Reports Third Quarter 2016 Results” with publication date: October 27, 2016.
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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