Capital One Financial Comments on Newpark Resources, Inc.’s Q2 2022 Earnings (NYSE:NR)

Newpark Resources, Inc. (NYSE:NRGet Rating) – Research analysts at Capital One Financial issued their Q2 2022 EPS estimates for Newpark Resources in a research note issued to investors on Tuesday, May 10th. Capital One Financial analyst L. Lemoine expects that the oil and gas company will post earnings of $0.03 per share for the quarter. Capital One Financial also issued estimates for Newpark Resources’ FY2022 earnings at $0.17 EPS, Q1 2023 earnings at $0.05 EPS, Q2 2023 earnings at $0.07 EPS and FY2023 earnings at $0.28 EPS.

Several other brokerages also recently issued reports on NR. Zacks Investment Research raised Newpark Resources from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. TheStreet raised Newpark Resources from a “d+” rating to a “c-” rating in a research note on Monday, March 21st. Finally, StockNews.com started coverage on Newpark Resources in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of NR opened at $3.61 on Friday. The business’s 50 day moving average is $3.82 and its 200 day moving average is $3.49. Newpark Resources has a 12-month low of $1.92 and a 12-month high of $4.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.56 and a quick ratio of 1.46.

Newpark Resources (NYSE:NRGet Rating) last issued its earnings results on Thursday, February 17th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $179.56 million for the quarter, compared to the consensus estimate of $163.90 million. Newpark Resources had a negative net margin of 2.71% and a negative return on equity of 3.13%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NR. Morgan Stanley increased its position in shares of Newpark Resources by 80.9% during the 2nd quarter. Morgan Stanley now owns 3,678,838 shares of the oil and gas company’s stock valued at $12,728,000 after purchasing an additional 1,644,986 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Newpark Resources by 51.1% during the 3rd quarter. SG Americas Securities LLC now owns 154,141 shares of the oil and gas company’s stock valued at $509,000 after purchasing an additional 52,095 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Newpark Resources by 63.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,685,460 shares of the oil and gas company’s stock valued at $8,860,000 after purchasing an additional 1,040,779 shares during the last quarter. Barclays PLC increased its position in shares of Newpark Resources by 95.8% during the 3rd quarter. Barclays PLC now owns 51,703 shares of the oil and gas company’s stock valued at $171,000 after purchasing an additional 25,301 shares during the last quarter. Finally, Sawtooth Solutions LLC bought a new position in shares of Newpark Resources during the 3rd quarter valued at approximately $153,000. 74.28% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Donald Win Young acquired 42,000 shares of Newpark Resources stock in a transaction on Monday, May 9th. The shares were acquired at an average price of $3.45 per share, with a total value of $144,900.00. Following the purchase, the director now directly owns 68,450 shares in the company, valued at approximately $236,152.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.80% of the company’s stock.

Newpark Resources Company Profile (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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Earnings History and Estimates for Newpark Resources (NYSE:NR)

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