HC Wainwright Weighs in on Newpark Resources, Inc.’s FY2025 Earnings (NYSE:NR)

Newpark Resources, Inc. (NYSE:NR) – Equities researchers at HC Wainwright increased their FY2025 earnings per share estimates for shares of Newpark Resources in a research report issued on Monday, May 6th. HC Wainwright analyst A. Dayal now anticipates that the oil and gas company will post earnings per share of $0.45 for the year, up from their prior estimate of $0.43. HC Wainwright currently has a “Buy” rating and a $12.00 price objective on the stock. The consensus estimate for Newpark Resources’ current full-year earnings is $0.30 per share.

Newpark Resources (NYSE:NR) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Newpark Resources had a net margin of 2.25% and a return on equity of 6.67%. The company had revenue of $167.82 million during the quarter, compared to the consensus estimate of $170.87 million.

Several other research firms have also weighed in on NR. Roth Capital reaffirmed a “buy” rating on shares of Newpark Resources in a report on Friday, March 8th. Roth Mkm initiated coverage on shares of Newpark Resources in a research note on Friday, March 8th. They set a “buy” rating and a $10.00 price objective on the stock. B. Riley lifted their target price on shares of Newpark Resources from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Monday. Finally, StockNews.com upgraded Newpark Resources from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $11.00.

Newpark Resources Stock Performance

Shares of NYSE:NR opened at $7.37 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.79 and a quick ratio of 1.74. The business’s fifty day moving average price is $7.19 and its two-hundred day moving average price is $6.86. Newpark Resources has a fifty-two week low of $3.40 and a fifty-two week high of $7.84. The stock has a market capitalization of $627.92 million, a price-to-earnings ratio of 40.95 and a beta of 2.78.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Newpark Resources by 20.5% in the third quarter. Wellington Management Group LLP now owns 875,200 shares of the oil and gas company’s stock valued at $6,048,000 after acquiring an additional 148,700 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Newpark Resources by 53.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 608,342 shares of the oil and gas company’s stock valued at $4,039,000 after purchasing an additional 212,872 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Newpark Resources during the 4th quarter worth approximately $450,000. Vanguard Group Inc. raised its stake in shares of Newpark Resources by 4.0% during the third quarter. Vanguard Group Inc. now owns 4,187,037 shares of the oil and gas company’s stock worth $28,932,000 after buying an additional 162,941 shares during the last quarter. Finally, Kennedy Capital Management LLC bought a new stake in shares of Newpark Resources during the third quarter worth approximately $1,294,000. 80.81% of the stock is currently owned by institutional investors.

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.