Newpark Resources (NYSE:NR) has been given a $10.00 price objective by analysts at Cowen in a research note issued on Thursday. The firm currently has a “hold” rating on the oil and gas company’s stock. Cowen’s target price would indicate a potential upside of 1.52% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. SunTrust Banks upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.50.

Newpark Resources (NYSE:NR) traded up $0.25 during trading hours on Thursday, hitting $9.85. Newpark Resources has a 1 year low of $6.40 and a 1 year high of $10.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.96 and a current ratio of 2.71. The stock has a market capitalization of $845.49, a price-to-earnings ratio of 246.25 and a beta of 1.58.

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

In related news, Director David C. Anderson sold 17,000 shares of the business’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 transaction of $151,470.00. Following the completion of the transaction, the director now owns 170,841 shares in the company, valued at approximately $1,522,193.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director G Stephen Finley sold 11,300 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $8.79, for a total transaction of $99,327.00. Following the transaction, the director now owns 192,658 shares of the company’s stock, valued at approximately $1,693,463.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,423 shares of company stock valued at $360,346. Company insiders own 4.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlueCrest Capital Management Ltd bought a new position in shares of Newpark Resources during the 2nd quarter worth approximately $100,000. GSA Capital Partners LLP bought a new position in shares of Newpark Resources during the 3rd quarter worth approximately $113,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Newpark Resources during the 3rd quarter worth approximately $114,000. Cubist Systematic Strategies LLC raised its stake in shares of Newpark Resources by 24.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,797 shares of the oil and gas company’s stock worth $138,000 after acquiring an additional 3,730 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Newpark Resources during the 2nd quarter worth approximately $141,000.

TRADEMARK VIOLATION WARNING: “Newpark Resources (NR) Given a $10.00 Price Target by Cowen Analysts” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2018/01/15/newpark-resources-nr-given-a-10-00-price-target-by-cowen-analysts.html.

Newpark Resources Company Profile

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.

Receive News & Stock Ratings for Newpark Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newpark Resources and related stocks with our FREE daily email newsletter.