$199.48 Million in Sales Expected for Newpark Resources, Inc. (NR) This Quarter

Equities research analysts predict that Newpark Resources, Inc. (NYSE:NR) will post sales of $199.48 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Newpark Resources’ earnings. The highest sales estimate is $199.90 million and the lowest is $199.20 million. Newpark Resources reported sales of $137.08 million in the same quarter last year, which indicates a positive year-over-year growth rate of 45.5%. The company is expected to announce its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Newpark Resources will report full-year sales of $199.48 million for the current year, with estimates ranging from $742.70 million to $743.30 million. For the next financial year, analysts forecast that the business will post sales of $921.50 million per share, with estimates ranging from $885.20 million to $984.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Newpark Resources.

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

A number of brokerages have recently commented on NR. Cowen set a $9.00 price objective on shares of Newpark Resources and gave the company a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research downgraded shares of Newpark Resources from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. Finally, SunTrust Banks raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.25.

Shares of Newpark Resources (NYSE:NR) traded up $0.15 on Monday, hitting $8.50. 281,242 shares of the stock were exchanged, compared to its average volume of 675,891. Newpark Resources has a 52 week low of $6.40 and a 52 week high of $10.20. The company has a quick ratio of 1.96, a current ratio of 2.71 and a debt-to-equity ratio of 0.27.

In related news, Director David C. Anderson sold 17,000 shares of Newpark Resources stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $8.91, for a total transaction of $151,470.00. Following the completion of the sale, the director now 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 Securities & Exchange Commission, which is accessible through this link. Also, Director G Stephen Finley sold 11,300 shares of Newpark Resources stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $8.79, for a total transaction of $99,327.00. Following the sale, the director now directly owns 192,658 shares of the company’s stock, valued at approximately $1,693,463.82. The disclosure for this sale can be found here. In the last three months, insiders sold 40,423 shares of company stock valued at $360,346. Insiders own 4.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in NR. Russell Investments Group Ltd. boosted its holdings in shares of Newpark Resources by 12.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 631,661 shares of the oil and gas company’s stock worth $4,642,000 after buying an additional 67,437 shares during the period. Strs Ohio boosted its holdings in shares of Newpark Resources by 6.1% during the 2nd quarter. Strs Ohio now owns 101,100 shares of the oil and gas company’s stock worth $743,000 after buying an additional 5,800 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Newpark Resources by 8.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 21,000 shares of the oil and gas company’s stock worth $154,000 after buying an additional 1,610 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of Newpark Resources by 14.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 128,447 shares of the oil and gas company’s stock worth $944,000 after buying an additional 16,500 shares during the period. Finally, Texas Permanent School Fund boosted its holdings in shares of Newpark Resources by 5.7% during the 2nd quarter. Texas Permanent School Fund now owns 64,868 shares of the oil and gas company’s stock worth $477,000 after buying an additional 3,510 shares during the period.

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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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