FY2025 EPS Estimates for Newpark Resources Cut by B. Riley

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

Several other equities analysts have also issued reports on the company. HC Wainwright reiterated a “buy” rating and issued a $12.00 price target on shares of Newpark Resources in a research note on Monday. StockNews.com cut Newpark Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 23rd. One investment 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, the stock has an average rating of “Moderate Buy” and an average price target of $11.00.

Newpark Resources Stock Up 2.7 %

Shares of NR opened at $7.45 on Wednesday. The firm has a 50 day simple moving average of $7.11 and a two-hundred day simple moving average of $7.59. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00. Newpark Resources has a one year low of $5.61 and a one year high of $8.65. The company has a market cap of $643.77 million, a P/E ratio of -4.07 and a beta of 2.87.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. CWM LLC grew its position in Newpark Resources by 114.5% during the 2nd quarter. CWM LLC now owns 9,730 shares of the oil and gas company’s stock worth $81,000 after acquiring an additional 5,193 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Newpark Resources in the first quarter valued at approximately $86,000. Ground Swell Capital LLC acquired a new position in shares of Newpark Resources in the second quarter valued at approximately $91,000. SG Americas Securities LLC bought a new position in Newpark Resources in the 3rd quarter valued at approximately $116,000. Finally, Catalina Capital Group LLC boosted its position in Newpark Resources by 10.6% during the 2nd quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock worth $118,000 after buying an additional 1,360 shares during the period. 80.81% of the stock is currently owned by institutional investors and hedge funds.

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.