Newpark Resources Inc (NYSE:NR) Stock Sentiment Improves

May 17, 2018 - By Jason Grubb

Newpark Resources, Inc. (NYSE:NR) Logo

Sentiment for Newpark Resources Inc (NYSE:NR)

Newpark Resources Inc (NYSE:NR) institutional sentiment increased to 1.08 in Q4 2017. Its up 0.11, from 0.97 in 2017Q3. The ratio has improved, as 77 hedge funds increased and opened new equity positions, while 71 sold and decreased their stakes in Newpark Resources Inc. The hedge funds in our partner’s database now own: 86.52 million shares, down from 87.91 million shares in 2017Q3. Also, the number of hedge funds holding Newpark Resources Inc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 18 Reduced: 53 Increased: 51 New Position: 26.

Newpark Resources, Inc., together with its subsidiaries, provides services and products primarily to the gas and oil exploration and production industry. The company has market cap of $960.09 million. The firm operates through two divisions, Fluids Systems and Mats and Integrated Services. It currently has negative earnings. The Fluids Systems segment offers drilling fluids products and technical services for technical drilling projects involving complex subsurface conditions, including horizontal, directional, geologically deep, or deep water drilling.

The stock increased 1.42% or $0.15 during the last trading session, reaching $10.75. About 280,195 shares traded. Newpark Resources, Inc. (NYSE:NR) has risen 8.67% since May 17, 2017 and is uptrending. It has underperformed by 2.88% the S&P500.

Analysts await Newpark Resources, Inc. (NYSE:NR) to report earnings on July, 26. They expect $0.09 EPS, up 350.00 % or $0.07 from last year’s $0.02 per share. NR’s profit will be $8.04 million for 29.86 P/E if the $0.09 EPS becomes a reality. After $0.08 actual EPS reported by Newpark Resources, Inc. for the previous quarter, Wall Street now forecasts 12.50 % EPS growth.

Oslo Asset Management As holds 8.94% of its portfolio in Newpark Resources, Inc. for 2.83 million shares. Tieton Capital Management Llc owns 539,928 shares or 3.99% of their US portfolio. Moreover, Daruma Capital Management Llc has 2.35% invested in the company for 4.37 million shares. The Missouri-based Piermont Capital Management Inc. has invested 0.64% in the stock. Heartland Advisors Inc, a Wisconsin-based fund reported 808,880 shares.

Since January 1, 0001, it had 0 insider purchases, and 8 selling transactions for $4.64 million activity.

Newpark Resources, Inc. (NYSE:NR) Ratings Coverage

Ratings analysis reveals 50% of Newpark Resources’s analysts are positive. Out of 2 Wall Street analysts rating Newpark Resources, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. NR was included in 2 notes of analysts from January 11, 2018. Johnson Rice upgraded Newpark Resources, Inc. (NYSE:NR) on Monday, March 5 to “Buy” rating. The firm has “Hold” rating by Cowen & Co given on Thursday, January 11.

More news for Newpark Resources, Inc. (NYSE:NR) were recently published by: Seekingalpha.com, which released: “Newpark Resources’ (NR) CEO Paul Howes on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018. Globenewswire.com‘s article titled: “Recent Analysis Shows Liberty Broadband, Primerica, Adtalem Global Education, Newpark Resources, Varian Medical …” and published on May 15, 2018 is yet another important article.

Newpark Resources, Inc. (NYSE:NR) Institutional Positions Chart

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