Newpark Resources (NR) : 4 analysts are covering Newpark Resources (NR) and their average rating on the stock is 1.5, which is read as a Strong Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Newpark Resources (NR) stock is expected to deviate a maximum of $0.85 from the average target price of $5.88 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $7 and the most muted being $5.
Newpark Resources (NYSE:NR): The stock opened at $5.71 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.74 for the day. The stock traded down to $5.59 during the day, due to lack of any buying support eventually closed down at $5.64 with a loss of -1.40% for the day. The stock had closed at $5.72 on the previous day. The total traded volume was 395,175 shares.
Also, In a research note released to the investors, Capital One Financial upgrades its rating on Newpark Resources (NYSE:NR).The analysts at the brokerage house have a current rating of Overweight on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. In a recent information released to the investors, Capital One Financial raises the new price target from $5 per share to $6 per share. The rating by the firm was issued on June 15, 2016. The company shares have dropped -26.76% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $9.21 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $5.17 and the 200 Day Moving Average price is recorded at $4.66.
Newpark Resources, Inc. is an oil and gas supplier. The Company provides products and services to the oil and gas exploration (E&P) industry. The Company operates its business through two segments: Fluids Systems and Mats and Integrated Services. Fluids Systems segment provides drilling fluids solutions, including technical drilling projects involving subsurface conditions, such as horizontal, directional, geologically deep or deep water drilling, to E&P customers in North America, Europe, the Middle East and Africa (EMEA), Latin America, and Asia Pacific. The Mats and Integrated Services segment provides composite mat rentals, well site construction and related site services to oil and gas customers at well, production, transportation and refinery locations in the United States. The Company manufactures DURA-BASE Advanced Composite Mats for use in its rental operations, as well as for third-party sales.