Analyst Rating Update on Newpark Resources (NR)

Newpark Resources (NR) : The consensus on Newpark Resources (NR) based on 4 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Newpark Resources (NR) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $8 and the lowest price target forecast is $5. The average forecast of all the analysts is $6.38 and the expected standard deviation is $1.11.

For the current week, the company shares have a recommendation consensus of Buy.


Newpark Resources (NYSE:NR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.21 and $6.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.51, notching a gain of 4.33% for the day. The total traded volume was 853,386 . The stock had closed at $6.24 on the previous day.

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.

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