Newpark Resources – Consensus Indicates Potential -5.2% Downside

Broker Ratings

Newpark Resources with ticker code (NR) now have 2 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 3 and 2.5 with the average target price sitting at 2.75. Given that the stocks previous close was at 2.9 this is indicating there is a potential downside of -5.2%. The 50 day moving average now sits at 2.49 and the 200 day moving average is 1.75. The company has a market capitalisation of $258m. Visit the company website at: http://www.newpark.com

Newpark Resources supplies products, rentals, and services primarily to the oil and natural gas exploration and production industry. The company operates through two segments, Fluids Systems; and Mats and Integrated Services. The Fluids Systems segment offers drilling and completion fluids products, technical services, and other minerals to customers in the North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific regions. The Mats and Integrated Services segment offers composite mat rental, construction, and related site services to customers in various markets, including oil and gas exploration and production, electrical transmission and distribution, pipeline, solar, petrochemical, and construction industries in North America and Europe. 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 was founded in 1932 and is headquartered in The Woodlands, Texas.

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