Newpark Resources (NR) Scheduled to Post Quarterly Earnings on Thursday

Newpark Resources (NYSE:NR) will be issuing its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Newpark Resources (NYSE:NR) last announced its earnings results on Wednesday, February 21st. The oil and gas company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $167.82 million for the quarter, compared to analyst estimates of $170.87 million. Newpark Resources had a net margin of 1.94% and a return on equity of 6.53%. On average, analysts expect Newpark Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Newpark Resources Price Performance

Shares of NYSE:NR opened at $7.26 on Thursday. Newpark Resources has a one year low of $3.40 and a one year high of $7.84. The business’s fifty day moving average price is $7.04 and its two-hundred day moving average price is $6.85. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.59 and a current ratio of 2.62. The stock has a market cap of $618.13 million, a PE ratio of 45.34 and a beta of 2.75.

Analysts Set New Price Targets

Several research firms have recently issued reports on NR. TheStreet cut Newpark Resources from a “b-” rating to a “c+” rating in a report on Thursday, January 4th. Roth Capital restated a “buy” rating on shares of Newpark Resources in a report on Friday, March 8th. StockNews.com cut Newpark Resources from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Roth Mkm began coverage on Newpark Resources in a report on Friday, March 8th. They set a “buy” rating and a $10.00 price objective on the stock. Finally, B. Riley began coverage on Newpark Resources in a report on Tuesday, April 9th. They set a “buy” rating and a $10.00 price objective on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.75.

About Newpark Resources

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It 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.