HC Wainwright Comments on Newpark Resources, Inc.’s FY2025 Earnings (NYSE:NR)

Newpark Resources, Inc. (NYSE:NR) – Equities researchers at HC Wainwright increased their FY2025 earnings per share estimates for shares of Newpark Resources in a note issued to investors on Monday, May 6th. HC Wainwright analyst A. Dayal now expects that the oil and gas company will post earnings of $0.45 per share for the year, up from their previous forecast of $0.43. HC Wainwright has a “Buy” rating and a $12.00 price target on the stock. The consensus estimate for Newpark Resources’ current full-year earnings is $0.30 per share.

Newpark Resources (NYSE:NR) last announced its earnings results on Wednesday, February 21st. The oil and gas company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Newpark Resources had a return on equity of 6.67% and a net margin of 2.25%. The business had revenue of $167.82 million for the quarter, compared to analysts’ expectations of $170.87 million.

NR has been the topic of several other reports. B. Riley boosted their target price on Newpark Resources from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Monday. Roth Capital reaffirmed a “buy” rating on shares of Newpark Resources in a report on Friday, March 8th. Roth Mkm began coverage on shares of Newpark Resources in a report on Friday, March 8th. They issued a “buy” rating and a $10.00 price target on the stock. Finally, StockNews.com raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research report on Friday. Six analysts have rated the stock with a buy rating, According to MarketBeat, Newpark Resources currently has a consensus rating of “Buy” and an average price target of $11.00.

Newpark Resources Stock Up 0.8 %

Shares of NR stock opened at $7.16 on Tuesday. Newpark Resources has a 1-year low of $3.40 and a 1-year high of $7.84. The stock’s fifty day moving average price is $7.17 and its 200 day moving average price is $6.86. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.79 and a quick ratio of 1.74. The company has a market cap of $610.03 million, a price-to-earnings ratio of 39.78 and a beta of 2.78.

Institutional Trading of Newpark Resources

Several hedge funds and other institutional investors have recently bought and sold shares of NR. Bank of New York Mellon Corp raised its position in Newpark Resources by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 317,935 shares of the oil and gas company’s stock valued at $2,197,000 after acquiring an additional 4,105 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Newpark Resources in the third quarter valued at approximately $180,000. Roubaix Capital LLC increased its position in shares of Newpark Resources by 11.8% in the third quarter. Roubaix Capital LLC now owns 575,783 shares of the oil and gas company’s stock valued at $3,979,000 after buying an additional 60,966 shares in the last quarter. Skylands Capital LLC purchased a new stake in shares of Newpark Resources in the third quarter valued at approximately $905,000. Finally, Panagora Asset Management Inc. increased its position in shares of Newpark Resources by 227.0% in the third quarter. Panagora Asset Management Inc. now owns 192,648 shares of the oil and gas company’s stock valued at $1,331,000 after buying an additional 133,728 shares in the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.

Newpark Resources Company Profile

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.