Newpark Resources (NR) Set to Announce Earnings on Thursday

Newpark Resources (NYSE:NR) will be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Newpark Resources to post earnings of $0.06 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Newpark Resources (NYSE:NR) last posted its earnings results on Monday, August 5th. The oil and gas company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The business had revenue of $179.01 million for the quarter, compared to the consensus estimate of $171.04 million. Newpark Resources had a net margin of 3.15% and a return on equity of 7.49%. During the same quarter last year, the firm posted $0.08 EPS. 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 Trading Up 0.1 %

NYSE NR opened at $6.73 on Thursday. The company’s 50-day simple moving average is $7.31 and its two-hundred day simple moving average is $7.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.61 and a current ratio of 2.61. Newpark Resources has a one year low of $5.61 and a one year high of $8.65. The company has a market capitalization of $581.92 million, a price-to-earnings ratio of 26.92 and a beta of 2.86.

Wall Street Analyst Weigh In

NR has been the topic of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Newpark Resources in a research report on Thursday, September 19th. StockNews.com downgraded shares of Newpark Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

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.