In the last trading session, 1.21 million shares of the Newpark Resources Inc. (NYSE:NR) were traded, and its beta was 3.80. Most recently the company’s share price was $2.84, and it changed around -$0.01 or -0.35% from the last close, which brings the market valuation of the company to $262.39M. NR currently trades at a discount to its 52-week high of $4.08, offering almost -43.66% off that amount. The share price’s 52-week low was $0.70, which indicates that the current value has risen by an impressive 75.35% since then. We note from Newpark Resources Inc.’s average daily trading volume that its 10-day average is 0.73 million shares, with the 3-month average coming to 683.61K.
Newpark Resources Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended NR as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Newpark Resources Inc. is expected to report earnings per share of -$0.09 for the current quarter.
Newpark Resources Inc. (NYSE:NR) trade information
Instantly NR has showed a red trend with a performance of -0.35% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.92 on Friday, 09/17/21 increased the stock’s daily price by 2.74%. The company’s shares are currently up 47.92% year-to-date, but still up 10.08% over the last five days. On the other hand, Newpark Resources Inc. (NYSE:NR) is 35.89% up in the 30-day period. We can see from the shorts that 1.67 million shares have been sold at a short interest cover period of 2.84 day(s).
The consensus price target as assigned by Wall Street analysts is $4.00, which translates to bulls needing to increase their stock price by 29.0% from its current value. Analyst projections state that NR is forecast to be at a low of $4.00 and a high of $4.00. In order for the stock price to hit the forecast high, the stock would need to plunge -40.85% from its current level, while the stock would need to crash -40.85% from its current level to reach the projected low.
Newpark Resources Inc. (NR) estimates and forecasts
Newpark Resources Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -12.88 percent over the past six months and at a 68.85% annual growth rate that is well above the industry average of 27.10%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 59.10% in revenue this quarter, and will report a decrease of -100.00% in the next quarter. The year-over-year growth rate is expected to be 23.00%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $150.2 million in revenue for the current quarter. 1 analysts expect Newpark Resources Inc. to make $172.4 million in revenue for the quarter ending Dec 2021. Forecasts for the next quarter put sales growth at 32.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.00%.
Newpark Resources Inc.’s next quarterly earnings report is expected to be released around November 01 and November 05.
Newpark Resources Inc. (NYSE:NR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.77% of Newpark Resources Inc. shares, and 74.20% of them are in the hands of institutional investors. The stock currently has a share float of 77.11%. Newpark Resources Inc. stock is held by 163 institutions, with Ameriprise Financial, Inc. being the largest institutional investor. By Mar 30, 2021, it held 13.94% of the shares, which is about 12.68 million shares worth $39.81 million.
Blackrock Inc., with 7.49% or 6.81 million shares worth $21.38 million as of Mar 30, 2021, holds the second largest percentage of outstanding shares.
Legg Mason Clearbridge Small Cap Growth Fd and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Apr 29, 2021. The former held 3.09 million shares worth $8.78 million, making up 3.40% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.7 million shares worth around $8.49 million, which represents about 2.97% of the total shares outstanding.