Craig-Hallum analyst Aaron Spychalla reiterated a Buy rating on Newpark Resources (NR – Research Report) today. The company’s shares opened today at $6.97.
According to TipRanks, Spychalla is a 4-star analyst with an average return of 7.7% and a 63.89% success rate. Spychalla covers the Industrials sector, focusing on stocks such as Bowman Consulting Group, Babcock & Wilcox Company, and Quest Resource.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Newpark Resources with a $10.67 average price target.
NR market cap is currently $591.3M and has a P/E ratio of 42.58.
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Newpark Resources (NR) Company Description:
Newpark Resources, Inc. engages in the provision of products, rentals and services to the oil and gas exploration and production industry. It operates through the following segments: Fluids Systems and Mats and Integrated Services. The Fluids Systems segment offers drilling fluids products and technical services. The Mats and Integrated Services segment consists of composite mat rentals, site construction, and related site services for customers in oil and gas exploration and production, electrical transmission and distribution, pipeline, solar, petrochemical and construction industries. The company was founded in 1932 and is headquartered in The Woodlands, TX.
