EPS for Newpark Resources Inc (NR) Expected At $0.02

October 13, 2017 - By Ellis Scott

 EPS for Newpark Resources Inc (NR) Expected At $0.02
Investors sentiment decreased to 1.14 in Q2 2017. Its down 0.15, from 1.29 in 2017Q1. It dived, as 20 investors sold Newpark Resources Inc shares while 50 reduced holdings. 30 funds opened positions while 50 raised stakes. 87.81 million shares or 0.66% less from 88.39 million shares in 2017Q1 were reported.
Virginia Retirement Et Al reported 15,628 shares or 0% of all its holdings. 46,956 were accumulated by Paloma Prtn Management. Cubist Systematic Strategies Ltd Liability holds 18,797 shares. Arrowstreet Cap Partnership has invested 0% in Newpark Resources Inc (NYSE:NR). Bluecrest Capital Mgmt Ltd invested 0% in Newpark Resources Inc (NYSE:NR). Wells Fargo & Mn has invested 0% in Newpark Resources Inc (NYSE:NR). Moreover, Schwab Charles Investment Management Inc has 0.01% invested in Newpark Resources Inc (NYSE:NR) for 819,593 shares. Capstone Asset Mgmt Com, Texas-based fund reported 18,853 shares. Deutsche Bank & Trust Ag accumulated 121,018 shares. California State Teachers Retirement System, California-based fund reported 154,832 shares. Strs Ohio invested in 0% or 101,100 shares. Thompson Siegel And Walmsley Lc invested 0% of its portfolio in Newpark Resources Inc (NYSE:NR). Van Eck Assocs Corp holds 0% or 58,718 shares in its portfolio. Invesco holds 0% or 421,980 shares. The Pennsylvania-based Brandywine Glob Mgmt Llc has invested 0.01% in Newpark Resources Inc (NYSE:NR).

Since May 12, 2017, it had 0 insider purchases, and 4 insider sales for $1.59 million activity. 15,124 Newpark Resources Inc (NYSE:NR) shares with value of $111,096 were sold by Anderson David C. Smith Bruce Campbell also sold $84,624 worth of Newpark Resources Inc (NYSE:NR) shares. On Friday, May 19 the insider Piontek Gregg sold $276,291.

Wall Street await Newpark Resources Inc (NYSE:NR) to release earnings on October, 26. Analysts forecast earnings per share of $0.02, up exactly $0.15 or 115.38 % from 2014’s $-0.13 EPS. The expected NR’s profit could reach $1.73 million giving the stock 120.63 P/E in the case that $0.02 earnings per share is reported. After posting $0.02 EPS for the previous quarter, Newpark Resources Inc’s analysts now forecast 0.00 % EPS growth. The stock decreased 1.53% or $0.15 during the last trading session, reaching $9.65. About 448,539 shares traded. Newpark Resources Inc (NYSE:NR) has risen 85.19% since October 13, 2016 and is uptrending. It has outperformed by 68.49% the S&P500.

Newpark Resources Inc (NYSE:NR) Ratings Coverage

Among 5 analysts covering Newpark Resources (NYSE:NR), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Newpark Resources had 11 analyst reports since September 4, 2015 according to SRatingsIntel. Loop Capital upgraded Newpark Resources Inc (NYSE:NR) rating on Thursday, January 5. Loop Capital has “Buy” rating and $1 target. Capital One upgraded Newpark Resources Inc (NYSE:NR) rating on Wednesday, June 15. Capital One has “Overweight” rating and $6 target. The rating was upgraded by Tudor Pickering on Monday, May 2 to “Buy”. The stock of Newpark Resources Inc (NYSE:NR) earned “Hold” rating by Cowen & Co on Friday, October 6. Cowen & Co maintained Newpark Resources Inc (NYSE:NR) rating on Friday, July 7. Cowen & Co has “Hold” rating and $800 target. Credit Suisse upgraded Newpark Resources Inc (NYSE:NR) on Wednesday, June 1 to “Outperform” rating. Cowen & Co downgraded it to “Market Perform” rating and $8 target in Thursday, January 19 report. The rating was maintained by Credit Suisse with “Neutral” on Friday, September 4. On Tuesday, February 16 the stock rating was maintained by Cowen & Co with “Outperform”. Credit Suisse reinitiated it with “Outperform” rating and $7 target in Monday, July 18 report.

Newpark Resources, Inc. is a supplier providing services and products primarily to the gas and oil exploration and production industry. The company has market cap of $832.49 million. The Company’s divisions include Fluids Systems, and Mats and Integrated Services. It currently has negative earnings. The Fluids Systems segment provides drilling fluids products and technical services to clients in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.

More news for Newpark Resources Inc (NYSE:NR) were recently published by: Prnewswire.com, which released: “Newpark Resources Announces Third Quarter 2017 Earnings Release And Conference …” on October 02, 2017. Prnewswire.com‘s article titled: “Technical Snapshots for These Oil & Gas Stocks — Newpark Resources, Oil …” and published on October 06, 2017 is yet another important article.

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