Impact of Brokerage Rating on Newpark Resources, Inc.(NR)

Many Newpark Resources, Inc.(NR) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Downgraded by Cowen on Jan 19, 2017 to Market Perform, Raises Price Target to $ 8 from a previous price target of $7.50 .

Newpark Resources Inc Last issued its quarterly earnings results on Oct 27, 2016. The company reported $-0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.05. Analyst had a consensus of $-0.11. The company had revenue of $104.55 million for the quarter, compared to analysts expectations of $110.52 million. The companys revenue was down -32.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.

Newpark Resources, Inc. (NYSE:NR) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.8 by 5 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold.

Newpark Resources, Inc. (NYSE:NR): The stock price is expected to reach $ 8.08 in the short term. The number of analysts agreeing with this consensus is 6. The higher estimate for the short term price target is at $10 while the lower estimate is at $7. The standard deviation of the price stands at $1.36.

Newpark Resources, Inc. (NYSE:NR) rose 7.14% or 0.55 points on Tuesday and made its way into the gainers of the day. After trading began at $7.85 the stock was seen hitting $8.25 as a peak level and $7.65 as the lowest level. The stock ended up at $8.25. The daily volume was measured at 812,696 shares. The 52-week high of the share price is $8.75 and the 52-week low is $3.35. The company has a market cap of $699 million.

NEWPARK RESOURCES, INC. provides integrated environmental services to the oil and gas exploration and production industry in the Gulf Coast area, principally in Louisiana and Texas.


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