Analyst Rating Update on Newpark Resources (NR)

Newpark Resources (NYSE:NR) : 3 brokerage houses believe that Newpark Resources (NYSE:NR) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Newpark Resources (NYSE:NR). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.

Newpark Resources (NYSE:NR) : 4 investment research analysts covering Newpark Resources (NYSE:NR) have an average price target of $5.88 for the near short term. The highest target price given by the Brokerage Firm to the stock is $7 and the lowest target is $5 for the short term. Analysts expect the variance to be within $0.85 of the average price.

For the current week, the company shares have a recommendation consensus of Buy.

Newpark Resources (NYSE:NR): stock turned positive on Tuesday. Though the stock opened at $5.41, the bulls momentum made the stock top out at $5.45 level for the day. The stock recorded a low of $5.24 and closed the trading day at $5.43, in the green by 1.69%. The total traded volume for the day was 656,711. The stock had closed at $5.34 in the previous days trading.

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.

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