Newpark Resources (NR) Receives Daily Media Impact Score of -0.01

Media headlines about Newpark Resources (NYSE:NR) have trended somewhat negative on Thursday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Newpark Resources earned a news impact score of -0.01 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 46.8832578854786 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

NR has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, October 24th. BidaskClub cut shares of Newpark Resources from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Cowen and Company set a $9.00 target price on shares of Newpark Resources and gave the stock a “hold” rating in a report on Friday, October 6th. Finally, SunTrust Banks, Inc. upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Newpark Resources has a consensus rating of “Hold” and a consensus target price of $9.80.

Shares of Newpark Resources (NR) opened at $8.95 on Thursday. Newpark Resources has a 1-year low of $6.25 and a 1-year high of $10.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.71 and a quick ratio of 1.96.

Newpark Resources (NYSE:NR) last issued its earnings results on Monday, October 30th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The business had revenue of $201.70 million for the quarter, compared to the consensus estimate of $192.57 million. Newpark Resources had a negative return on equity of 0.29% and a net margin of 0.48%. The company’s quarterly revenue was up 92.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.16) earnings per share. analysts expect that Newpark Resources will post 0.06 earnings per share for the current fiscal year.

In related news, Director David C. Anderson sold 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $8.91, for a total value of $151,470.00. Following the completion of the transaction, the director now owns 170,841 shares of the company’s stock, valued at approximately $1,522,193.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.90% of the company’s stock.

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About Newpark Resources

Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.

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