Newpark Resources Inc (NYSE:NR) – Investment analysts at Capital One Financial reduced their Q1 2018 EPS estimates for shares of Newpark Resources in a note issued to investors on Monday. Capital One Financial analyst L. Lemoine now expects that the oil and gas company will post earnings of $0.07 per share for the quarter, down from their previous estimate of $0.09. Capital One Financial also issued estimates for Newpark Resources’ FY2018 earnings at $0.42 EPS.
Newpark Resources (NYSE:NR) last released its quarterly earnings results on Thursday, February 8th. The oil and gas company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. Newpark Resources had a positive return on equity of 1.59% and a negative net margin of 0.82%. The company had revenue of $204.40 million during the quarter, compared to analysts’ expectations of $202.55 million. The firm’s revenue for the quarter was up 49.1% on a year-over-year basis.
Shares of Newpark Resources (NYSE:NR) opened at $8.45 on Tuesday. The company has a quick ratio of 2.14, a current ratio of 3.19 and a debt-to-equity ratio of 0.29. Newpark Resources has a 12 month low of $6.40 and a 12 month high of $10.20. The company has a market capitalization of $771.74, a PE ratio of -124.27 and a beta of 1.54.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Newpark Resources by 0.4% during the fourth quarter. BlackRock Inc. now owns 11,920,557 shares of the oil and gas company’s stock worth $102,517,000 after acquiring an additional 48,750 shares during the period. Vanguard Group Inc. grew its holdings in Newpark Resources by 5.3% during the second quarter. Vanguard Group Inc. now owns 7,791,303 shares of the oil and gas company’s stock worth $57,266,000 after acquiring an additional 393,328 shares during the period. Bank of New York Mellon Corp grew its holdings in Newpark Resources by 15.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,088,225 shares of the oil and gas company’s stock worth $35,158,000 after acquiring an additional 533,813 shares during the period. Clearbridge Investments LLC grew its holdings in Newpark Resources by 1.3% during the fourth quarter. Clearbridge Investments LLC now owns 3,806,128 shares of the oil and gas company’s stock worth $32,733,000 after acquiring an additional 47,271 shares during the period. Finally, Royce & Associates LP grew its holdings in Newpark Resources by 4.2% during the fourth quarter. Royce & Associates LP now owns 3,197,357 shares of the oil and gas company’s stock worth $27,497,000 after acquiring an additional 128,296 shares during the period.
In related news, Director G Stephen Finley sold 2,823 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $9.07, for a total transaction of $25,604.61. Following the sale, the director now directly owns 176,235 shares of the company’s stock, valued at $1,598,451.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bruce Campbell Smith sold 43,750 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $8.47, for a total value of $370,562.50. Following the sale, the executive vice president now directly owns 292,942 shares in the company, valued at $2,481,218.74. The disclosure for this sale can be found here. Insiders sold 53,873 shares of company stock worth $462,451 over the last three months. Corporate insiders own 4.90% of the company’s stock.
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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.
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