Newpark Resources Inc (NR) is Upgraded by Credit Suisse to Outperform

Newpark Resources Inc (NR) was Upgraded by Credit Suisse to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Jun 1, 2016.

Many Wall Street Analysts have commented on Newpark Resources Inc. Newpark Resources Inc was Upgraded by Tudor Pickering to ” Buy” on May 2, 2016.

On the company’s financial health, Newpark Resources Inc reported $-0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.14. The company had revenue of $114.54 million for the quarter, 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.

Newpark Resources Inc opened for trading at $4.41 and hit $4.53 on the upside on Friday, eventually ending the session at $4.53, with a gain of 2.03% or 0.09 points. The heightened volatility saw the trading volume jump to 3,68,015 shares. Company has a market cap of $381 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.

Newpark Resources Inc

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