Newpark Resources (NYSE:NR) Given Buy Rating at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Newpark Resources (NYSE:NR) in a research report report published on Monday morning,Benzinga reports. They currently have a $12.00 target price on the oil and gas company’s stock. HC Wainwright also issued estimates for Newpark Resources’ FY2024 earnings at $0.42 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.34 EPS.

Separately, StockNews.com lowered Newpark Resources from a “buy” rating to a “hold” rating in a report on Monday, September 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $11.00.

Newpark Resources Stock Down 2.0 %

NR opened at $7.28 on Monday. Newpark Resources has a twelve month low of $5.61 and a twelve month high of $8.65. The firm has a market cap of $629.50 million, a P/E ratio of -3.98 and a beta of 2.87. The business has a 50 day moving average price of $7.10 and a 200 day moving average price of $7.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29.

Institutional Trading of Newpark Resources

Large investors have recently bought and sold shares of the stock. Catalina Capital Group LLC grew its holdings in shares of Newpark Resources by 10.6% during the second quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock worth $118,000 after purchasing an additional 1,360 shares during the last quarter. Ironwood Investment Management LLC grew its holdings in shares of Newpark Resources by 1.0% during the second quarter. Ironwood Investment Management LLC now owns 145,520 shares of the oil and gas company’s stock worth $1,209,000 after purchasing an additional 1,442 shares during the last quarter. NorthCrest Asset Manangement LLC grew its holdings in shares of Newpark Resources by 3.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 43,203 shares of the oil and gas company’s stock worth $299,000 after purchasing an additional 1,517 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Newpark Resources by 8.1% during the first quarter. Bleakley Financial Group LLC now owns 21,466 shares of the oil and gas company’s stock worth $155,000 after purchasing an additional 1,604 shares during the last quarter. Finally, First Bank & Trust grew its holdings in shares of Newpark Resources by 10.0% during the third quarter. First Bank & Trust now owns 21,704 shares of the oil and gas company’s stock worth $150,000 after purchasing an additional 1,965 shares during the last quarter. 80.81% of the stock is currently owned by institutional investors.

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.