Newpark Resources Inc. (NYSE:NR) changes shares on Wednesday trading session, with a change of 4.76% or $0.09 shares. The trading starts at $1.89 and closed at $1.89 throughout the day. The trading session low price was $1.88 and day high was $2.01 on Wednesday, August 05. After the session, the Energy sector daily volume shifted to 1.04 million while its average volume is 1.05M. In other hand, the NR market cap reached to $182.71M. While, its current target price is $2.25.
On May 21, 2018, BRIEF-Newpark Resources Announces New Chairman. According to the news reported on Reuters, * ANTHONY J. BEST HAS BEEN NAMED CHAIRMAN OF BOARD EFFECTIVE MAY 17, 2018, SUCCEEDING DAVID C. ANDERSON Source text for Eikon: Further company coverage:
Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 0.51% and up 2.59% for month. Its quarterly performance was 52.31% above, while its half year performance is down -63.27%. NR yearly performance stood at negative -71.30% and fall -68.42% for year-to-date. Current recommendation for Newpark Resources Inc. is 2.00.
Earnings per share or EPS is an important financial measure, which defines the profitability of a company. NR EPS (TTM) for 12-month is -0.30. EPS for this year is -143.70%, while for the next year its value is -0.18. It has an EPS of -16.80% down for past five years.
Let’s take a look on the analyst recommendations on NR for the current month and previous month. For the current month, 3 of 5 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 2 as Hold. As compared with the previous month ratings, 4 analysts participate in stock recommendation. Out of 4, 0 rated it sell, 3 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $2.50 – $3.00. Average target price for NR was reached at $2.88.
The insider ownership moved to 2.60% and institutional holding shifted to 92.40%.
The company posted an EPS (TTM) of -0.30. According to the most recent quarter report on (Sep 2020), 5 analysts estimated an average EPS of -0.15, while -0.02 EPS posted a year ago period. Analyst Estimated EPS for NR published in the report was -$0.17 – -$0.11 during the same period. Comparing with last year, the average estimated EPS was -0.02 which is higher than -0.2 which was posted for recent quarter EPS.
A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for NR fall -44.05% for period of 200 days. SMA for 50 days was -6.10% which is showing red signal, while SMA-20 was 3.07%. The moving average value for Newpark Resources Inc. (NR) is 1.6M and 1.71% for 200 and 50 days respectively.
Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in NR stock. On May 12, Piontek Gregg, Senior Vice President and CFO, bought 15,000 trading shares at the cost of $1.64, which valued at 24600.0. On May 11, Piontek Gregg, Senior Vice President and CFO, bought 5,000 shares at the cost of $1.58, with total shares of 25,000. On May 08, Piontek Gregg, Senior Vice President and CFO, bought 20,000 shares at the cost of 1.47. After this transaction, Piontek Gregg total shares reached to 20,000 which valued at 29400.0.