Brokers Issue Forecasts for Newpark Resources, Inc.’s FY2025 Earnings (NYSE:NR)

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

NR has been the subject of a number of other research reports. B. Riley boosted their price target on Newpark Resources from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Monday. 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 target price on the stock. Roth Capital reaffirmed a “buy” rating on shares of Newpark Resources in a report on Friday, March 8th. Finally, StockNews.com upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $11.00.

Newpark Resources Trading Down 0.3 %

NYSE:NR opened at $7.35 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.74 and a current ratio of 2.79. The company has a market capitalization of $625.79 million, a P/E ratio of 40.81 and a beta of 2.78. Newpark Resources has a 52 week low of $3.40 and a 52 week high of $7.84. The stock’s 50 day moving average price is $7.21 and its 200 day moving average price is $6.87.

Newpark Resources (NYSE:NR) last announced its quarterly earnings data 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 analysts’ expectations of $170.87 million. Newpark Resources had a net margin of 2.25% and a return on equity of 6.67%.

Hedge Funds Weigh In On Newpark Resources

Institutional investors have recently modified their holdings of the stock. Dorsey Wright & Associates bought a new stake in shares of Newpark Resources during the third quarter worth $32,000. CWM LLC lifted its position in Newpark Resources by 495.4% during the 1st quarter. CWM LLC now owns 4,537 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 3,775 shares during the period. GAMMA Investing LLC bought a new position in shares of Newpark Resources in the 4th quarter valued at about $49,000. New York State Teachers Retirement System acquired a new stake in shares of Newpark Resources during the 1st quarter worth approximately $50,000. Finally, Fortitude Family Office LLC raised its stake in shares of Newpark Resources by 179.1% during the first quarter. Fortitude Family Office LLC now owns 7,404 shares of the oil and gas company’s stock worth $53,000 after buying an additional 4,751 shares during the last quarter. 80.81% of the stock is owned by institutional investors.

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.