Newpark Resources Inc (NR) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $-0.16 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.14. The company posted revenue of $114.54 million in the period, compared to analysts expectations of $131.52 million. The company’s revenue was down -45.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.
Many Wall Street Analysts have commented on Newpark Resources Inc. Shares were Reiterated by Cowen on Feb 16, 2016 to “Outperform” and Lowered the Price Target to $ 5.50 from a previous price target of $7 .
Newpark Resources Inc opened for trading at $5.23 and hit $5.52 on the upside on Wednesday, eventually ending the session at $5.34, with a gain of 2.89% or 0.15 points. The heightened volatility saw the trading volume jump to 6,09,135 shares. Company has a market cap of $449 M.
Newpark Resources Inc. is an oil and gas supplier. The Company provides products and services to the oil and gas exploration (E&P) industry. The Company operates its business through two segments: Fluids Systems and Mats and Integrated Services. Fluids Systems segment provides drilling fluids solutions including technical drilling projects involving subsurface conditions such as horizontal directional geologically deep or deep water drilling to E&P customers in North America Europe the Middle East and Africa (EMEA) Latin America and Asia Pacific. The Mats and Integrated Services segment provides composite mat rentals well site construction and related site services to oil and gas customers at well production transportation and refinery locations in the United States. The Company manufactures DURA-BASE Advanced Composite Mats for use in its rental operations as well as for third-party sales.