Newpark Resources (NR) Scheduled to Post Earnings on Thursday

Newpark Resources (NYSE:NR) is set to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Newpark Resources to post earnings of $0.05 per share for the quarter. Individual that are 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 results on Wednesday, February 21st. The oil and gas company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). The company had revenue of $167.82 million during the quarter, compared to analysts’ expectations of $170.87 million. Newpark Resources had a net margin of 1.94% and a return on equity of 6.53%. 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 $7.25 on Tuesday. The firm has a market capitalization of $617.27 million, a P/E ratio of 45.28 and a beta of 2.75. Newpark Resources has a 52 week low of $3.40 and a 52 week high of $7.84. The firm’s 50 day moving average is $7.09 and its two-hundred day moving average is $6.86. The company has a quick ratio of 1.59, a current ratio of 2.62 and a debt-to-equity ratio of 0.14.

Analysts Set New Price Targets

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

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.