Newpark Resources (NR) to Release Earnings on Tuesday

Newpark Resources (NYSE:NR – Get Rating) is scheduled to release its earnings data after the market closes on Tuesday, May 3rd. Analysts expect Newpark Resources to post earnings of ($0.01) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Newpark Resources (NYSE:NR – Get Rating) last released its earnings results on Thursday, February 17th. The oil and gas company reported ($0.02) EPS for the quarter. The firm had revenue of $179.56 million during the quarter, compared to analysts’ expectations of $163.90 million. Newpark Resources had a negative net margin of 4.15% and a negative return on equity of 4.08%. On average, analysts expect Newpark Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE NR opened at $3.50 on Tuesday. The company has a 50 day simple moving average of $3.84 and a two-hundred day simple moving average of $3.48. Newpark Resources has a fifty-two week low of $1.92 and a fifty-two week high of $4.81. The company has a market capitalization of $323.24 million, a price-to-earnings ratio of -12.50 and a beta of 3.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.55 and a current ratio of 2.58.

A number of large investors have recently bought and sold shares of NR. EverSource Wealth Advisors LLC purchased a new position in shares of Newpark Resources in the 4th quarter worth $29,000. Credit Suisse AG purchased a new stake in Newpark Resources during the fourth quarter valued at $36,000. Citigroup Inc. lifted its holdings in Newpark Resources by 104.3% in the fourth quarter. Citigroup Inc. now owns 22,521 shares of the oil and gas company’s stock valued at $66,000 after acquiring an additional 11,499 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Newpark Resources in the fourth quarter worth about $84,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Newpark Resources by 57.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 26,773 shares of the oil and gas company’s stock valued at $88,000 after purchasing an additional 9,782 shares during the period. 65.95% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have commented on the company. StockNews.com began coverage on Newpark Resources in a report on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet upgraded shares of Newpark Resources from a “d+” rating to a “c-” rating in a research note on Monday, March 21st. Finally, Zacks Investment Research downgraded shares of Newpark Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, March 22nd.

About Newpark Resources (Get Rating)

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. The company operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.

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