Zacks: Analysts Expect Newpark Resources Inc (NYSE:NR) Will Announce Quarterly Sales of $186.36 Million

Equities research analysts expect that Newpark Resources Inc (NYSE:NR) will post sales of $186.36 million for the current quarter, Zacks reports. Two analysts have provided estimates for Newpark Resources’ earnings, with the highest sales estimate coming in at $190.82 million and the lowest estimate coming in at $181.90 million. Newpark Resources reported sales of $247.66 million during the same quarter last year, which would suggest a negative year over year growth rate of 24.8%. The firm is expected to report its next quarterly earnings report on Thursday, February 6th.

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On average, analysts expect that Newpark Resources will report full year sales of $817.04 million for the current year, with estimates ranging from $812.60 million to $821.47 million. For the next fiscal year, analysts expect that the company will report sales of $865.87 million, with estimates ranging from $827.60 million to $904.14 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Newpark Resources.

Newpark Resources (NYSE:NR) last issued its quarterly earnings data on Wednesday, October 30th. The oil and gas company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.09). The company had revenue of $202.76 million for the quarter, compared to the consensus estimate of $221.38 million. Newpark Resources had a return on equity of 3.50% and a net margin of 1.68%. Newpark Resources’s quarterly revenue was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 earnings per share.

A number of research analysts have issued reports on NR shares. Raymond James set a $9.00 price target on Newpark Resources and gave the stock a “buy” rating in a research report on Friday, November 1st. ValuEngine upgraded Newpark Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. TheStreet lowered Newpark Resources from a “b-” rating to a “c” rating in a research report on Thursday, October 31st. Finally, Zacks Investment Research lowered Newpark Resources from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $10.17.

NR traded up $0.25 during trading on Thursday, reaching $6.76. 660,000 shares of the company were exchanged, compared to its average volume of 531,713. The stock has a market cap of $610.95 million, a P/E ratio of 16.49 and a beta of 1.54. The firm has a 50 day moving average of $7.21 and a 200 day moving average of $7.14. The company has a current ratio of 3.89, a quick ratio of 2.44 and a debt-to-equity ratio of 0.32. Newpark Resources has a 52 week low of $5.25 and a 52 week high of $9.68.

Hedge funds have recently made changes to their positions in the business. Eagle Asset Management Inc. acquired a new stake in shares of Newpark Resources in the third quarter valued at $76,000. Magnus Financial Group LLC acquired a new stake in shares of Newpark Resources in the second quarter valued at $106,000. Marshall Wace North America L.P. lifted its holdings in shares of Newpark Resources by 1,896.5% in the second quarter. Marshall Wace North America L.P. now owns 15,972 shares of the oil and gas company’s stock valued at $119,000 after buying an additional 15,172 shares during the period. Miles Capital Inc. lifted its holdings in shares of Newpark Resources by 9.7% in the second quarter. Miles Capital Inc. now owns 16,557 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 1,459 shares during the period. Finally, Capital Fund Management S.A. acquired a new stake in shares of Newpark Resources in the second quarter valued at $128,000. Institutional investors own 99.55% of the company’s stock.

About Newpark Resources

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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