Newpark Resources Inc (NR) Expected to Announce Earnings of $0.07 Per Share

Analysts expect Newpark Resources Inc (NYSE:NR) to post $0.07 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Newpark Resources’ earnings. The highest EPS estimate is $0.07 and the lowest is $0.06. Newpark Resources posted earnings per share of $0.08 during the same quarter last year, which would indicate a negative year-over-year growth rate of 12.5%. The company is scheduled to announce its next earnings results after the market closes on Thursday, April 25th.

According to Zacks, analysts expect that Newpark Resources will report full-year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.27 to $0.52. For the next financial year, analysts forecast that the firm will report earnings of $0.56 per share, with EPS estimates ranging from $0.31 to $0.74. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Newpark Resources.

Newpark Resources (NYSE:NR) last posted its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Newpark Resources had a net margin of 3.41% and a return on equity of 6.85%. The company had revenue of $247.70 million during the quarter, compared to analyst estimates of $242.61 million. During the same quarter last year, the firm posted $0.06 EPS. The business’s revenue for the quarter was up 21.2% on a year-over-year basis.

A number of research firms recently weighed in on NR. SunTrust Banks set a $13.00 price target on Newpark Resources and gave the company a “buy” rating in a research note on Monday, April 8th. Zacks Investment Research upgraded Newpark Resources from a “sell” rating to a “hold” rating in a report on Saturday, February 9th. TheStreet upgraded Newpark Resources from a “c” rating to a “b” rating in a report on Friday, February 8th. Finally, ValuEngine upgraded Newpark Resources from a “sell” rating to a “hold” rating in a report on Friday, January 4th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Newpark Resources has a consensus rating of “Buy” and a consensus price target of $12.00.

Shares of Newpark Resources stock opened at $9.08 on Friday. Newpark Resources has a 12-month low of $6.39 and a 12-month high of $11.65. The company has a market cap of $813.57 million, a PE ratio of 22.15 and a beta of 1.70. The company has a current ratio of 3.69, a quick ratio of 2.30 and a debt-to-equity ratio of 0.28.

In other Newpark Resources news, insider Paul L. Howes sold 106,487 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $9.50, for a total value of $1,011,626.50. Following the completion of the sale, the insider now owns 621,820 shares of the company’s stock, valued at $5,907,290. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul L. Howes sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $9.21, for a total value of $1,842,000.00. The disclosure for this sale can be found here. Company insiders own 4.80% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Texas Permanent School Fund increased its holdings in shares of Newpark Resources by 4.3% in the fourth quarter. Texas Permanent School Fund now owns 59,424 shares of the oil and gas company’s stock worth $408,000 after purchasing an additional 2,445 shares during the last quarter. Advisor Group Inc. grew its position in Newpark Resources by 233.0% in the fourth quarter. Advisor Group Inc. now owns 4,182 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 2,926 shares in the last quarter. Principal Financial Group Inc. grew its position in Newpark Resources by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 751,279 shares of the oil and gas company’s stock worth $5,161,000 after acquiring an additional 3,961 shares in the last quarter. Arizona State Retirement System grew its position in Newpark Resources by 6.5% in the fourth quarter. Arizona State Retirement System now owns 139,843 shares of the oil and gas company’s stock worth $961,000 after acquiring an additional 8,478 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in Newpark Resources by 10.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 119,267 shares of the oil and gas company’s stock worth $755,000 after acquiring an additional 10,812 shares in the last quarter. 98.65% of the stock is owned by hedge funds and other institutional investors.

Newpark Resources Company Profile

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production industry. It operates through two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment offers drilling and completion fluids solutions, and technical services to customers in the North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific regions.

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Earnings History and Estimates for Newpark Resources (NYSE:NR)

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