News stories about Newpark Resources (NYSE:NR) have trended positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Newpark Resources earned a news sentiment score of 0.40 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
Newpark Resources (NR) traded down 0.75% during trading on Friday, hitting $6.60. 125,465 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $7.61 and its 200 day moving average price is $7.71. The firm’s market cap is $586.39 million. Newpark Resources has a 12-month low of $5.08 and a 12-month high of $8.75.
Newpark Resources (NYSE:NR) last posted its earnings results on Thursday, April 27th. The oil and gas company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $158.70 million during the quarter, compared to analyst estimates of $150.48 million. Newpark Resources had a negative net margin of 0.62% and a negative return on equity of 0.78%. The business’s quarterly revenue was up 38.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.16) EPS. Equities analysts forecast that Newpark Resources will post $0.06 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research report on Thursday, May 4th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $25.63.
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In other news, Director David C. Anderson sold 15,124 shares of Newpark Resources stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $7.35, for a total transaction of $111,161.40. Following the completion of the transaction, the director now directly owns 187,841 shares of the company’s stock, valued at approximately $1,380,631.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Bruce Campbell Smith sold 35,522 shares of Newpark Resources stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $8.25, for a total transaction of $293,056.50. Following the transaction, the executive vice president now directly owns 260,456 shares of the company’s stock, valued at $2,148,762. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 293,048 shares of company stock valued at $2,341,186. Insiders own 4.70% of the company’s stock.
Newpark Resources Company Profile
Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.
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