Newpark Resources (NR) has risen sharply, recording gains of 18.67% in the past 4 weeks. However, the stock has corrected -1.7% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 18.92% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 7.37% and the fifty day Moving Average is 20.61%. Newpark Resources Inc. is up 65.56% in the last three month period. Year-to-Date the stock performance stands at 42.05%.
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 $6.63 and the expected standard deviation is $1.11.
Newpark Resources (NYSE:NR): stock turned positive on Friday. Though the stock opened at $7.46, the bulls momentum made the stock top out at $7.59 level for the day. The stock recorded a low of $7.39 and closed the trading day at $7.5, in the green by 0.94%. The total traded volume for the day was 1,227,182. The stock had closed at $7.43 in the previous days trading.
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.