Newpark Resources (NR) Set to Announce Quarterly Earnings on Thursday

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

Newpark Resources (NYSE:NR) last released its quarterly earnings data on Monday, August 5th. The oil and gas company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The firm had revenue of $179.01 million during the quarter, compared to analysts’ expectations of $171.04 million. Newpark Resources had a net margin of 3.15% and a return on equity of 7.49%. During the same period in the previous year, the business posted $0.08 earnings per share. 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 Stock Performance

Shares of NR traded up $0.08 during trading hours on Tuesday, hitting $6.65. The company had a trading volume of 3,828 shares, compared to its average volume of 658,415. The business has a fifty day moving average of $7.20 and a 200-day moving average of $7.59. The company has a quick ratio of 1.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.09. The firm has a market cap of $575.03 million, a price-to-earnings ratio of 26.28 and a beta of 2.87. Newpark Resources has a 12 month low of $5.61 and a 12 month high of $8.65.

Analyst Upgrades and Downgrades

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