Somewhat Favorable News Coverage Somewhat Unlikely to Impact Newpark Resources (NR) Share Price

Headlines about Newpark Resources (NYSE:NR) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Newpark Resources earned a daily sentiment score of 0.01 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 47.0549635343516 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern’s rankings:

NR has been the topic of a number of analyst reports. BidaskClub downgraded shares of Newpark Resources from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Cowen and Company set a $9.00 price target on shares of Newpark Resources and gave the company a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research raised shares of Newpark Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, SunTrust Banks, Inc. raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $9.80.

Newpark Resources (NYSE:NR) traded up $0.45 during trading on Friday, hitting $8.95. 533,837 shares of the stock were exchanged, compared to its average volume of 703,659. Newpark Resources has a twelve month low of $6.25 and a twelve month high of $10.20. The company has a current ratio of 2.71, a quick ratio of 1.96 and a debt-to-equity ratio of 0.27.

Newpark Resources (NYSE:NR) last released its quarterly earnings results on Monday, October 30th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $201.70 million during the quarter, compared to analysts’ expectations of $192.57 million. Newpark Resources had a net margin of 0.48% and a negative return on equity of 0.29%. Newpark Resources’s revenue was up 92.8% on a year-over-year basis. During the same period last year, the firm posted ($0.16) earnings per share. research analysts forecast that Newpark Resources will post 0.06 EPS for the current year.

In related news, Director David C. Anderson sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $8.91, for a total transaction of $151,470.00. Following the sale, the director now directly owns 170,841 shares of the company’s stock, valued at approximately $1,522,193.31. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.90% of the stock is currently owned by insiders.

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Newpark Resources Company Profile

Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.

Insider Buying and Selling by Quarter for Newpark Resources (NYSE:NR)

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