The stock of Newpark Resources Inc (NYSE:NR) is a huge mover today! About 351,635 shares traded hands. Newpark Resources Inc (NYSE:NR) has risen 82.63% since March 2, 2016 and is uptrending. It has outperformed by 74.37% the S&P500.
The move comes after 9 months positive chart setup for the $648.26 million company. It was reported on Oct, 5 by Barchart.com. We have $10.81 PT which if reached, will make NYSE:NR worth $265.79 million more.
Analysts await Newpark Resources Inc (NYSE:NR) to report earnings on November, 3. They expect $-0.13 earnings per share, down 160.00% or $0.08 from last year’s $-0.05 per share. After $-0.06 actual earnings per share reported by Newpark Resources Inc for the previous quarter, Wall Street now forecasts 116.67% negative EPS growth.
Newpark Resources Inc (NYSE:NR) Ratings Coverage
Out of 4 analysts covering Newpark Resources (NYSE:NR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Newpark Resources has been the topic of 7 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The stock of Newpark Resources Inc (NYSE:NR) earned “Overweight” rating by Capital One on Wednesday, June 15. Tudor Pickering upgraded the shares of NR in a report on Monday, May 2 to “Buy” rating. The firm has “Outperform” rating by Cowen & Co given on Tuesday, February 16. On Friday, September 4 the stock rating was maintained by Credit Suisse with “Neutral”. As per Wednesday, June 1, the company rating was upgraded by Credit Suisse. The firm has “Outperform” rating by Credit Suisse given on Monday, July 18.
According to Zacks Investment Research, “NEWPARK RESOURCES, INC. provides integrated environmental services to the oil and gas exploration and production industry in the Gulf Coast area, principally in Louisiana and Texas.”
Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.07, from 1.13 in 2016Q1. The ratio is positive, as 20 funds sold all Newpark Resources Inc shares owned while 41 reduced positions. 21 funds bought stakes while 52 increased positions. They now own 83.94 million shares or 0.50% more from 83.52 million shares in 2016Q1.
Employees Retirement Association Of Colorado holds 28,670 shares or 0% of its portfolio. State Board Of Administration Of Florida Retirement System accumulated 83,252 shares or 0% of the stock. Northern Trust Corp owns 3.13M shares or 0.01% of their US portfolio. Barclays Public Limited accumulated 0% or 7,809 shares. Proshare Advisors Ltd Liability Corporation last reported 0% of its portfolio in the stock. Morgan Stanley last reported 8,191 shares in the company. Citadel Advisors Lc, a Illinois-based fund reported 117,125 shares. Bridgeway Capital owns 62,500 shares or 0.01% of their US portfolio. Art Lc holds 0.02% or 83,195 shares in its portfolio. Blackrock Ltd Liability Company has 0.01% invested in the company for 1.63 million shares. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Newpark Resources Inc (NYSE:NR). Monarch Prtnrs Asset Limited Com, a Massachusetts-based fund reported 38,700 shares. Blackrock, a New York-based fund reported 23,392 shares. Moreover, Diam Co Ltd has 0% invested in Newpark Resources Inc (NYSE:NR) for 45,600 shares. Bnp Paribas Arbitrage Sa holds 27,625 shares or 0% of its portfolio.
More recent Newpark Resources Inc (NYSE:NR) news were published by: Prnewswire.com which released: “Newpark Resources To Present At Barclays Global CEO Energy-Power Conference” on September 07, 2016. Also Quotes.Wsj.com published the news titled: “News Newpark Resources Inc.NR” on February 11, 2011. Prnewswire.com‘s news article titled: “Newpark Resources Announces Leadership Change In Mats And Integrated Services …” with publication date: April 21, 2016 was also an interesting one.
NR Company Profile
Newpark Resources, Inc., incorporated on June 3, 1988, is an gas and oil supplier. The Firm provides services and products to the gas and oil exploration (E&P) industry. The Firm operates its business through two divisions: Fluids Systems, and Mats and Integrated Services. Fluids Systems segment provides customized drilling fluids solutions to E&P clients in North America; Europe, the Middle East and Africa (EMEA); Latin America, and Asia Pacific. The Mats and Integrated Services segment provides composite mat rentals, well site construction and related site services to gas and oil clients at well, production, transportation and refinery locations in the United States.
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