Newpark Resources (NR) : During the past 4 weeks, traders have been relatively bearish on Newpark Resources (NR), hence the stock is down -9.3% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.69% relative to the S&P 500. The 4-week change in the price of the stock is -11.14% and the stock has fallen -1.17% in the past 1 week.
The stock has recorded a 20-day Moving Average of 5.83% and the 50-Day Moving Average is 2.59%.The 200 Day SMA reached 30.06% Newpark Resources Inc. is up 20.86% in the last 3-month period. Year-to-Date the stock performance stands at 28.41%.
Newpark Resources (NR) : 4 Wall Street analysts covering Newpark Resources (NR) believe that the average level the stock could reach for the short term is $6.63. The maximum price target given is $8 and the minimum target for short term is around $5, hence the standard deviation is calculated at $1.11.
For the current week, the company shares have a recommendation consensus of Buy. Newpark Resources (NYSE:NR): The stock was completely flat for the day, closing at $6.78 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $6.72, the stock touched an intraday high of $6.81 and a low of $6.67. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $6.78. The total trading volume on Friday was 1,514,001.
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.