Newpark Resources (NR) Shares are Up 11.88%

Newpark Resources (NR) : Traders are bullish on Newpark Resources (NR) as it has outperformed the S&P 500 by a wide margin of 35.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.91%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 11.88% in the last 1 week, and is up 35.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Newpark Resources Inc. is up 74.6% in the last 3-month period. Year-to-Date the stock performance stands at 44.51%. The stock has recorded a 20-day Moving Average of 16.79% and the 50-Day Moving Average is 27.15%.


Newpark Resources (NYSE:NR): The stock opened at $7.69 on Friday but the bulls could not build on the opening and the stock topped out at $7.70 for the day. The stock traded down to $7.57 during the day, due to lack of any buying support eventually closed down at $7.63 with a loss of -0.91% for the day. The stock had closed at $7.70 on the previous day. The total traded volume was 548,475 shares.

Also, Credit Suisse assumes its rating on Newpark Resources (NYSE:NR). The global brokerage major announces a current price target of $7 per share. Analysts at the Credit Suisse have a current rating of Outperform on the shares. The rating by the firm was issued on July 18, 2016.

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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