Newpark Resources, Inc. [NR] stock is trading at $6.86, down -0.29%. An important factor to consider is whether the stock is rising or falling in short-term value. The NR shares have gain 3.78% over the last week, with a monthly amount glided 11.18%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, NEWPARK RESOURCES REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS. In a post published today on Yahoo Finance, Newpark Resources, Inc. (NYSE: NR) (“Newpark” or the “Company”) today announced results for the three and twelve months ended December 31, 2023.
From an analyst’s perspective:
Newpark Resources, Inc. [NYSE: NR] stock has seen the most recent analyst activity on March 08, 2024, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $10. Previously, H.C. Wainwright started tracking the stock with Buy rating on December 05, 2023, and set its price target to $12. On October 25, 2023, Craig Hallum initiated with a Buy rating and assigned a price target of $11 on the stock. CapitalOne downgraded its rating to a Equal Weight. Evercore ISI downgraded its rating to a In-line. Johnson Rice upgraded its rating to Buy for this stock on March 05, 2018. In a note dated November 02, 2017, SunTrust upgraded an Buy rating on this stock.
Newpark Resources, Inc. [NR] stock has fluctuated between $3.40 and $7.62 over the past year. Newpark Resources, Inc. [NYSE: NR] shares were valued at $6.86 at the most recent close of the market.
Analyzing the NR fundamentals
Newpark Resources, Inc. [NYSE:NR] reported sales of 749.60M for the trailing twelve months, which represents a drop of -25.47%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.22.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.70 points at the first support level, and at 6.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.97, and for the 2nd resistance point, it is at 7.07.
Newpark Resources, Inc. [NR] reported earnings per share of $0.04 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.07/share, meaning a difference of -$0.03 and a surprise factor of -42.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.09 per share as compared to estimates of $0.06 per share, a difference of $0.03 representing a surprise of 50.00%.
Ratios To Look Out For
For context, Newpark Resources, Inc.’s Current Ratio is 2.62. On the other hand, the Quick Ratio is 1.59, and the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 0.78, the price to book ratio is 1.41 and price to earnings (TTM) ratio is 42.09.
Transactions by insiders
Recent insider trading involved Meer Claudia Michel, Director, that happened on Aug 21 ’23 when 1300.0 shares were purchased. Director, Meer Claudia Michel completed a deal on Aug 16 ’23 to buy 8000.0 shares. Meanwhile, Director MINGE JOHN C bought 10000.0 shares on Mar 15 ’23.
