Roth Capital Issues Negative Forecast for NR Earnings

Newpark Resources, Inc. (NYSE:NR) – Roth Capital dropped their Q4 2024 EPS estimates for shares of Newpark Resources in a report released on Tuesday, November 12th. Roth Capital analyst G. Sweeney now forecasts that the oil and gas company will post earnings per share of $0.07 for the quarter, down from their previous forecast of $0.08. The consensus estimate for Newpark Resources’ current full-year earnings is $0.36 per share. Roth Capital also issued estimates for Newpark Resources’ Q4 2025 earnings at $0.12 EPS.

Several other equities analysts have also recently issued reports on NR. StockNews.com cut Newpark Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 23rd. HC Wainwright reiterated a “buy” rating and set a $12.00 price target on shares of Newpark Resources in a report on Monday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Newpark Resources Price Performance

NYSE:NR opened at $7.45 on Wednesday. Newpark Resources has a 12-month low of $5.61 and a 12-month high of $8.65. The company has a current ratio of 2.29, a quick ratio of 2.00 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average price of $7.11 and a 200 day moving average price of $7.59.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Fisher Asset Management LLC increased its holdings in shares of Newpark Resources by 6.6% in the 3rd quarter. Fisher Asset Management LLC now owns 239,286 shares of the oil and gas company’s stock valued at $1,658,000 after acquiring an additional 14,802 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Newpark Resources by 125.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 764,873 shares of the oil and gas company’s stock valued at $5,301,000 after purchasing an additional 425,505 shares during the period. Intech Investment Management LLC acquired a new position in Newpark Resources in the third quarter valued at $195,000. Northeast Financial Group Inc. purchased a new stake in shares of Newpark Resources in the third quarter valued at about $457,000. Finally, Empowered Funds LLC boosted its stake in shares of Newpark Resources by 5.3% during the third quarter. Empowered Funds LLC now owns 95,600 shares of the oil and gas company’s stock worth $663,000 after buying an additional 4,824 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.

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.