Newpark Resources (NR) Receives Price Target

Newpark Resources (NR) : The highest short term price target forecast on Newpark Resources (NR) is $8 and the lowest target price is $5. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $6.63 with a standard deviation of $1.11.

Newpark Resources (NR) : 3 brokerage houses believe that Newpark Resources (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 (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.


Also, In the latest statement by the brokerage house, Credit Suisse assumes its outlook on Newpark Resources (NYSE:NR). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm announces the price target at $7 per share. The rating by the firm was issued on July 18, 2016.

Newpark Resources (NYSE:NR): The stock opened at $7.04 on Thursday but the bulls could not build on the opening and the stock topped out at $7.04 for the day. The stock traded down to $6.91 during the day, due to lack of any buying support eventually closed down at $7.00 with a loss of -0.85% for the day. The stock had closed at $7.06 on the previous day. The total traded volume was 558,125 shares.

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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