Somewhat Favorable Media Coverage Very Likely to Affect Newpark Resources (NR) Stock Price

News articles about Newpark Resources (NYSE:NR) have been trending somewhat positive on Wednesday, according to AlphaOne Sentiment Analysis. The research group, a service of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne 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 news impact score of 0.12 on AlphaOne’s scale. AlphaOne also assigned news headlines about the oil and gas company an impact score of 81 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the near future.

Several equities analysts have recently issued reports on NR shares. TheStreet raised Newpark Resources from a “d” rating to a “c-” rating in a report on Thursday, February 9th. Zacks Investment Research raised Newpark Resources from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a report on Thursday, May 4th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $22.82.

Newpark Resources (NR) traded down 4.05% during trading on Wednesday, reaching $7.10. The company had a trading volume of 1,219,467 shares. Newpark Resources has a 1-year low of $5.08 and a 1-year high of $8.75. The stock’s market capitalization is $630.81 million. The firm has a 50-day moving average of $7.70 and a 200-day moving average of $7.71.

Newpark Resources (NYSE:NR) last announced its quarterly earnings data on Thursday, April 27th. The oil and gas company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. Newpark Resources had a negative return on equity of 6.78% and a negative net margin of 8.63%. The company had revenue of $158.70 million for the quarter, compared to analyst estimates of $150.48 million. During the same quarter in the previous year, the company earned ($0.16) EPS. The firm’s revenue for the quarter was up 38.6% compared to the same quarter last year. On average, analysts anticipate that Newpark Resources will post $0.06 EPS for the current fiscal year.

In other news, EVP Bruce Campbell Smith sold 10,578 shares of Newpark Resources stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $8.00, for a total transaction of $84,624.00. Following the completion of the sale, the executive vice president now directly owns 226,034 shares in the company, valued at approximately $1,808,272. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Gregg Piontek sold 34,372 shares of Newpark Resources stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $8.04, for a total transaction of $276,350.88. Following the sale, the vice president now owns 114,308 shares of the company’s stock, valued at $919,036.32. The disclosure for this sale can be found here. Insiders sold a total of 293,048 shares of company stock worth $2,341,186 in the last ninety days. 4.70% of the stock is owned by corporate insiders.

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About Newpark Resources

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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