Newpark Resources – Consensus Indicates Potential 19.3% Upside

Broker Ratings

Newpark Resources found using ticker (NR) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 6 and 3.5 calculating the mean target price we have 4.75. Given that the stocks previous close was at 3.98 this is indicating there is a potential upside of 19.3%. The 50 day moving average now sits at 3.77 while the 200 day moving average is 3.27. The company has a market capitalisation of $356m. You can visit the company’s website by visiting: https://www.newpark.com

The potential market cap would be $425m based on the market concensus.

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Newpark Resources 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 was incorporated in 1932 and is headquartered in The Woodlands, Texas.

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