FY2025 EPS Forecast for Newpark Resources Lowered by Analyst

Newpark Resources, Inc. (NYSE:NR) – Stock analysts at B. Riley lowered their FY2025 earnings per share estimates for shares of Newpark Resources in a report released on Monday, November 11th. B. Riley analyst A. Rygiel now anticipates that the oil and gas company will earn $0.35 per share for the year, down from their previous forecast of $0.36. The consensus estimate for Newpark Resources’ current full-year earnings is $0.36 per share.

A number of other research firms have also recently issued reports on NR. HC Wainwright reiterated a “buy” rating and issued a $12.00 target price on shares of Newpark Resources in a research note on Monday. StockNews.com downgraded shares of Newpark Resources from a “buy” rating to a “hold” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Newpark Resources presently has an average rating of “Moderate Buy” and an average price target of $11.00.

Newpark Resources Stock Down 2.2 %

Shares of Newpark Resources stock opened at $7.12 on Wednesday. The stock has a 50-day simple moving average of $7.08 and a 200-day simple moving average of $7.59. Newpark Resources has a 52-week low of $5.61 and a 52-week high of $8.65. The firm has a market cap of $615.64 million, a price-to-earnings ratio of -3.89 and a beta of 2.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00.

Hedge Funds Weigh In On Newpark Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC acquired a new stake in shares of Newpark Resources in the first quarter valued at about $859,000. Oppenheimer Asset Management Inc. bought a new position in Newpark Resources in the 1st quarter worth approximately $86,000. Russell Investments Group Ltd. lifted its holdings in shares of Newpark Resources by 210.2% during the first quarter. Russell Investments Group Ltd. now owns 516,427 shares of the oil and gas company’s stock worth $3,729,000 after buying an additional 349,935 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Newpark Resources by 8.1% in the first quarter. Bleakley Financial Group LLC now owns 21,466 shares of the oil and gas company’s stock valued at $155,000 after acquiring an additional 1,604 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Newpark Resources by 161.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 322,326 shares of the oil and gas company’s stock worth $2,327,000 after acquiring an additional 199,066 shares during the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

Newpark Resources Company Profile

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.