Newpark Resources, Inc. (NYSE:NR) Receives $11.00 Consensus Price Target from Brokerages

Newpark Resources, Inc. (NYSE:NR) has earned an average rating of “Buy” from the four research firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have covered the stock in the last year is $11.00.

A number of research firms have weighed in on NR. HC Wainwright reissued a “buy” rating and issued a $12.00 target price on shares of Newpark Resources in a report on Monday, November 11th. StockNews.com downgraded Newpark Resources from a “buy” rating to a “hold” rating in a report on Monday, September 23rd.

Newpark Resources Trading Down 0.5 %

Shares of NYSE:NR opened at $7.63 on Friday. The company has a market cap of $659.54 million, a P/E ratio of -4.17 and a beta of 2.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00. Newpark Resources has a 1 year low of $5.61 and a 1 year high of $8.65. The stock’s fifty day moving average price is $7.39 and its 200-day moving average price is $7.64.

Institutional Trading of Newpark Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC increased its position in Newpark Resources by 114.5% in the second quarter. CWM LLC now owns 9,730 shares of the oil and gas company’s stock worth $81,000 after buying an additional 5,193 shares in the last quarter. Ground Swell Capital LLC purchased a new stake in Newpark Resources in the second quarter worth about $91,000. EP Wealth Advisors LLC purchased a new stake in Newpark Resources in the third quarter worth about $96,000. Catalina Capital Group LLC increased its position in Newpark Resources by 10.6% in the second quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock worth $118,000 after buying an additional 1,360 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in Newpark Resources by 10.8% in the third quarter. Captrust Financial Advisors now owns 14,624 shares of the oil and gas company’s stock worth $101,000 after buying an additional 1,430 shares in the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.

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.