Newpark Resources (NR) Scheduled to Post Quarterly Earnings on Thursday

Newpark Resources (NYSE:NR) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

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). Newpark Resources had a return on equity of 6.53% and a net margin of 1.94%. The company had revenue of $167.82 million for the quarter, compared to analysts’ expectations of $170.87 million. 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 Newpark Resources stock opened at $7.26 on Thursday. Newpark Resources has a one year low of $3.40 and a one year high of $7.84. The company has a market cap of $618.13 million, a price-to-earnings ratio of 45.34 and a beta of 2.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.59 and a current ratio of 2.62. The business’s 50 day moving average price is $7.04 and its 200 day moving average price is $6.85.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Roth Mkm started coverage on Newpark Resources in a research report on Friday, March 8th. They set a “buy” rating and a $10.00 price objective on the stock. StockNews.com cut Newpark Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. TheStreet cut Newpark Resources from a “b-” rating to a “c+” rating in a research note on Thursday, January 4th. Roth Capital reissued a “buy” rating on shares of Newpark Resources in a research note on Friday, March 8th. Finally, B. Riley started coverage on Newpark Resources in a research note on Tuesday, April 9th. They set a “buy” rating and a $10.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Newpark Resources has a consensus rating of “Moderate Buy” and a consensus price target of $10.75.

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.