Newpark Resources Inc (NYSE:NR) Expected to Post Quarterly Sales of $186.36 Million

Equities research analysts expect that Newpark Resources Inc (NYSE:NR) will announce sales of $186.36 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Newpark Resources’ earnings, with the lowest sales estimate coming in at $181.90 million and the highest estimate coming in at $190.82 million. Newpark Resources posted sales of $247.66 million during the same quarter last year, which suggests a negative year-over-year growth rate of 24.8%. The company is expected to announce its next quarterly earnings report on Thursday, February 6th.

According to Zacks, analysts expect that Newpark Resources will report full year sales of $817.04 million for the current financial year, with estimates ranging from $812.60 million to $821.47 million. For the next year, analysts anticipate that the business will post sales of $865.87 million, with estimates ranging from $827.60 million to $904.14 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover Newpark Resources.

Newpark Resources (NYSE:NR) last released its earnings results on Wednesday, October 30th. The oil and gas company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.09). The firm had revenue of $202.76 million during the quarter, compared to analyst estimates of $221.38 million. Newpark Resources had a net margin of 1.68% and a return on equity of 3.50%. The firm’s quarterly revenue was down 13.8% on a year-over-year basis. During the same period last year, the business posted $0.04 earnings per share.

Several equities research analysts have recently commented on the company. Zacks Investment Research cut Newpark Resources from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. TheStreet cut Newpark Resources from a “b-” rating to a “c” rating in a research note on Thursday, October 31st. Raymond James set a $9.00 target price on Newpark Resources and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, ValuEngine raised Newpark Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Newpark Resources has an average rating of “Buy” and an average target price of $10.17.

Shares of NYSE NR traded up $0.25 during midday trading on Thursday, hitting $6.76. The stock had a trading volume of 660,000 shares, compared to its average volume of 531,713. The company’s 50-day simple moving average is $7.21 and its 200 day simple moving average is $7.14. The firm has a market cap of $610.95 million, a P/E ratio of 16.49 and a beta of 1.54. Newpark Resources has a fifty-two week low of $5.25 and a fifty-two week high of $9.68. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.89 and a quick ratio of 2.44.

Several large investors have recently bought and sold shares of NR. Foundry Partners LLC boosted its position in shares of Newpark Resources by 12.9% in the 2nd quarter. Foundry Partners LLC now owns 696,390 shares of the oil and gas company’s stock worth $5,167,000 after purchasing an additional 79,600 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Newpark Resources by 461.6% during the second quarter. SG Americas Securities LLC now owns 168,060 shares of the oil and gas company’s stock worth $1,247,000 after acquiring an additional 138,137 shares in the last quarter. Aperio Group LLC lifted its holdings in Newpark Resources by 27.0% during the second quarter. Aperio Group LLC now owns 61,145 shares of the oil and gas company’s stock worth $454,000 after acquiring an additional 13,012 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Newpark Resources by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 49,313 shares of the oil and gas company’s stock worth $366,000 after acquiring an additional 1,725 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Newpark Resources by 1.5% during the second quarter. Swiss National Bank now owns 168,000 shares of the oil and gas company’s stock worth $1,247,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 99.55% 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 industry. It operates through two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment offers drilling and completion fluids solutions, and technical services to customers in the North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific regions.

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Earnings History and Estimates for Newpark Resources (NYSE:NR)

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