B. Riley Forecasts Reduced Earnings for Newpark Resources

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

Several other research firms have also commented on NR. 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 restated a “buy” rating and issued a $12.00 price target on shares of Newpark Resources in a research note on Monday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

Newpark Resources Price Performance

Shares of NYSE NR opened at $7.12 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00. The firm has a market capitalization of $615.64 million, a PE ratio of -3.89 and a beta of 2.87. Newpark Resources has a 1-year low of $5.61 and a 1-year high of $8.65. The business’s fifty day moving average price is $7.08 and its two-hundred day moving average price is $7.59.

Hedge Funds Weigh In On Newpark Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP lifted its stake in Newpark Resources by 2.9% during the third quarter. Royce & Associates LP now owns 2,191,552 shares of the oil and gas company’s stock valued at $15,187,000 after buying an additional 61,128 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Newpark Resources by 19.9% in the 2nd quarter. American Century Companies Inc. now owns 1,891,740 shares of the oil and gas company’s stock valued at $15,720,000 after acquiring an additional 313,451 shares in the last quarter. Pennant Select LLC boosted its stake in Newpark Resources by 65.0% in the 3rd quarter. Pennant Select LLC now owns 990,000 shares of the oil and gas company’s stock worth $6,861,000 after purchasing an additional 390,000 shares during the period. Charles Schwab Investment Management Inc. grew its position in Newpark Resources by 125.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 764,873 shares of the oil and gas company’s stock worth $5,301,000 after purchasing an additional 425,505 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Newpark Resources by 2.5% during the 2nd quarter. Renaissance Technologies LLC now owns 653,000 shares of the oil and gas company’s stock valued at $5,426,000 after purchasing an additional 15,859 shares during the period. 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.