Newpark Resources Inc (NYSE:NR) target price upped to $7.50, reported today by Zacks Investment Research
- Updated: September 19, 2016
Stating a possible upside of 0.11%, Zacks Investment Research bumped the estimated target of Newpark Resources Inc (NYSE:NR) to $8.
On 7/18/2016, Credit Suisse released a statement on Newpark Resources Inc(NYSE:NR) upped the target price from $0.00 to $7.00 that indicated a possible upside of 0.20%.
Having a price of $6.78, Newpark Resources Inc (NYSE:NR) traded 0.00% even on the day. With the last close up 23.82% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. Newpark Resources Inc has been tracking to a 50-day average of $7.02 and two hundred day moving average of $5.48. 414,849 shares of Newpark Resources Inc traded hands, down from ann average trading volume of 672,555
Newpark Resources Inc has a 52 week low of $3.35 and a 52 week high of $7.72. NR’s total market value is presently $0.0.
A total of 7 firms have reported on Newpark Resources Inc. Three analysts rate the stock a strong buy, two analysts rate the stock a buy, four firms rate the company a hold, 0 rate the company to underperform, and lastly 0 firmsrate the company as sell with a consensus target of $6.21
General Company Details For Newpark Resources Inc (NYSE:NR)
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. The Company’s Fluids Systems segment offers customized solutions, including technical drilling projects involving subsurface conditions, such as horizontal, directional, geologically deep or deep water drilling. It offers drilling fluids solutions 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, and as well as for third-party sales.
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