Newpark Resources (NR) : Traders are bullish on Newpark Resources (NR) as it has outperformed the S&P 500 by a wide margin of 15.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.19%, 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 9.65% in the last 1 week, and is up 18.87% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Newpark Resources (NYSE:NR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.60 and $6.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.93, notching a gain of 5.64% for the day. The total traded volume was 769,321 . The stock had closed at $6.56 on the previous day.
The stock has recorded a 20-day Moving Average of 17.28% and the 50-Day Moving Average is 24.34%. Newpark Resources Inc. is up 36.69% in the last 3-month period. Year-to-Date the stock performance stands at 31.25%.
Newpark Resources (NR) : Currently there are 4 street experts covering Newpark Resources (NR) stock. The most bullish and bearish price target for the stock is $8 and $5 respectively for the short term. The average price target of all the analysts comes to $6.38. The estimated standard deviation from the target is $1.11.
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.