In yesterday’s Wall Street session, Newpark Resources Inc. (NYSE:NR) shares traded at $4.40, down -2.87% from the previous session.
NR stock price is now -1.85% away from the 50-day moving average and 19.96% away from the 200-day moving average. The market capitalization of the company currently stands at $398.99M.
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, while ‘Johnson Rice’ rates the stock as ‘Buy’.
In other news, Lewis Michael A, Director bought 5,251 shares of the company’s stock on Dec 09. The stock was bought for $20,899 at an average price of $3.98. Upon completion of the transaction, the Director now directly owns 76,046 shares in the company, valued at $0.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21, Director Young Donald Win bought 30,000 shares of the business’s stock. A total of $118,308 was incurred on buying the stock at an average price of $3.94. This leaves the insider owning 247,601 shares of the company worth $1.09 million. Insiders disposed of 184,461 shares of company stock worth roughly $0.81 million over the past 1 year. A total of 1.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NR stock. A new stake in Newpark Resources Inc. shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $747,000. SQUAREPOINT OPS LLC invested $246,000 in shares of NR during the first quarter. In the first quarter, VIRTU FINANCIAL LLC acquired a new stake in Newpark Resources Inc. valued at approximately $201,000. QUADRATURE CAPITAL LTD acquired a new stake in NR for approximately $173,000. QUANTBOT TECHNOLOGIES LP purchased a new stake in NR valued at around $137,000 in the second quarter. In total, there are 158 active investors with 70.40% ownership of the company’s stock.
Monday morning saw Newpark Resources Inc. (NYSE: NR) opened at $4.3200. During the past 12 months, Newpark Resources Inc. has had a low of $2.38 and a high of $4.91. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 2.60, and a quick ratio of 1.70. The fifty day moving average price for NR is $4.4828 and a two-hundred day moving average price translates $3.6679 for the stock.
The latest earnings results from Newpark Resources Inc. (NYSE: NR) was released for Sep, 2022. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.01, missing analysts’ expectations of $0.03 by -0.02. This compares to -$0.04 EPS in the same period last year. The net profit margin was -2.60% and return on equity was -4.70% for NR. The company reported revenue of $225.16 million for the quarter, compared to $179.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.39 percent. For the current quarter, analysts expect NR to generate $219.85M in revenue.
Newpark Resources Inc.(NR) Company Profile
Newpark Resources, Inc. provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. The company operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America. The Industrial Solutions segment offers composite matting system rentals utilized for temporary worksite access; related site construction and services to customers in various markets, including power transmission, E&P, pipeline, renewable energy, petrochemical, construction, and other industries primarily in the United States and Europe; and sells composite mats to customers worldwide. This segment also provides access road construction, site planning and preparation, environmental protection, fluids and spill containment, erosion control, and site restoration services. Newpark Resources, Inc. was incorporated in 1932 and is headquartered in The Woodlands, Texas.
