Newpark Resources (NR) : Traders are bullish on Newpark Resources (NR) as it has outperformed the S&P 500 by a wide margin of 2.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.53%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 12.46% in the last 1 week, and is up 6.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 9.81% and the 50-Day Moving Average is 17.59%. Newpark Resources Inc. is up 35.33% in the last 3-month period. Year-to-Date the stock performance stands at 19.7%.
Newpark Resources (NYSE:NR): stock turned positive on Friday. Though the stock opened at $5.83, the bulls momentum made the stock top out at $6.4425 level for the day. The stock recorded a low of $5.76 and closed the trading day at $6.32, in the green by 10.30%. The total traded volume for the day was 1,640,638. The stock had closed at $5.73 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.