Zacks Rating on Newpark Resources (NR)

Newpark Resources (NR) : Zacks Investment Research ranks Newpark Resources (NR) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 1.5, which indicates as a Strong Buy.

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.


Shares of Newpark Resources Inc. rose by 4.9% in the last five trading days and 34.65% for the last 4 weeks. Newpark Resources Inc. is up 72.41% in the last 3-month period. Year-to-Date the stock performance stands at 42.05%. Newpark Resources (NYSE:NR): On Tuesdays trading session , Opening price of the stock was $7.5 with an intraday high of $7.635. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.47. However, the stock managed to close at $7.5, a loss of 0.13% for the day. On the previous day, the stock had closed at $7.51. The total traded volume of the day was 835,421 shares.

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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