Revenue Update on Newpark Resources Inc(NYSE:NR)

Newpark Resources Inc(NYSE:NR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $115.31M. Analysts estimated a revenue of $106.93M. Earnings per share were $-0.06. Analysts had estimated an EPS of $-0.15.

In a different note, On Jul 18, 2016, Credit Suisse said it Assumes its rating on Newpark Resources Inc. The shares have been rated ‘Outperform’ by the firm. On Jun 15, 2016, Capital One Financial said it Upgrades its rating on Newpark Resources Inc. In the research note, the firm Raises the price-target to $5.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jun 1, 2016, Credit Suisse said it Upgrades its rating on Newpark Resources Inc. The shares have been rated ‘Outperform’ by the firm. On May 2, 2016, Tudor Pickering said it Upgrades its rating on Newpark Resources Inc. The shares have been rated ‘Buy’ by the firm.

Newpark Resources Inc (NR) made into the market gainers list on Thursdays trading session with the shares advancing 0.77% or 0.05 points. Due to strong positive momentum, the stock ended at $6.56, which is also near the day’s high of $6.61. The stock began the session at $6.44 and the volume stood at 5,08,879 shares. The 52-week high of the shares is $7.59 and the 52 week low is $3.35. The company has a current market capitalization of $554 M and it has 8,45,19,550 shares in outstanding.

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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