Newpark Resources (NR) Set to Announce Quarterly Earnings on Thursday

Newpark Resources (NYSE:NR) will post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Newpark Resources to post earnings of $0.06 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Newpark Resources (NYSE:NR) last released its quarterly earnings results on Monday, August 5th. The oil and gas company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The business had revenue of $179.01 million for the quarter, compared to the consensus estimate of $171.04 million. Newpark Resources had a net margin of 3.15% and a return on equity of 7.49%. During the same quarter last year, the firm earned $0.08 EPS. 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 Up 1.2 %

Newpark Resources stock traded up $0.08 during mid-day trading on Tuesday, hitting $6.65. 3,828 shares of the company’s stock were exchanged, compared to its average volume of 658,415. Newpark Resources has a 1-year low of $5.61 and a 1-year high of $8.65. The stock has a 50 day moving average of $7.20 and a two-hundred day moving average of $7.59. The stock has a market cap of $575.03 million, a P/E ratio of 26.28 and a beta of 2.87. The company has a current ratio of 2.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.09.

Wall Street Analysts Forecast Growth

NR has been the subject of a number of research analyst reports. StockNews.com lowered shares of Newpark Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 23rd. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price target on shares of Newpark Resources in a report on Thursday, September 19th. One 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.00.

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.