Thinking Of Investing In Newpark Resources Inc. (NYSE: NR) Stock? Read This First

Newpark Resources Inc. (NYSE:NR) shares, rose in value on Friday, 07/15/22, with the stock price up by 3.34% to the previous day’s close as strong demand from buyers drove the stock to $3.09.

Actively observing the price movement in the last trading, the stock closed the session at $2.99, falling within a range of $2.985 and $3.17. The value of beta (5-year monthly) was 3.19. Referring to stock’s 52-week performance, its high was $4.81, and the low was $1.92. On the whole, NR has fluctuated by -18.04% over the past month.

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With the market capitalization of Newpark Resources Inc. currently standing at about $288.95 million, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2022 – May 06, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0.04 for fiscal year $0.09 and then to about $0.27 by fiscal year 2023. Data indicates that the EPS growth is expected to be 132.10% in 2023, while the next year’s EPS growth is forecast to be 200.00%.

Analysts have estimated the company’s revenue for the quarter at $187.1 million, with a low estimate of $187.1 million and a high estimate of $187.1 million. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $768.8 million, representing an increase of 25.10% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NR currently trading nearly -4.25% and -17.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.89, while the 7-day volatility ratio is showing 4.97% which for the 30-day chart, stands at 6.50%. Furthermore, Newpark Resources Inc. (NR)’s beta value is 2.98, and its average true range (ATR) is 0.22.

A comparison of Newpark Resources Inc. (NR) with its peers suggests the former has fared considerably weaker in the market. NR showed an intraday change of 3.34% in last session, and over the past year, it grew by 5.46%%. In comparison, Flotek Industries Inc. (FTK) has moved higher at 3.43% on the day and was down -42.22% over the past 12 months. On the other hand, the price of Oil States International Inc. (OIS) has risen 1.83% on the day. The stock, however, is off -29.21% from where it was a year ago. Additionally, there is a gain of 3.10% for Schlumberger Limited (SLB) in last trading while the stock has seen an overall depriciation of 12.43%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 1.92%. Meanwhile, the Dow Jones Industrial Improved by 2.15%.

Data on historical trading for Newpark Resources Inc. (NYSE:NR) indicates that the trading volumes over the past 3 months, they’ve averaged 654.08K. According to company’s latest data on outstanding shares, there are 92.12 million shares outstanding.

Nearly 2.50% of Newpark Resources Inc.’s shares belong to company insiders and institutional investors own 73.90% of the company’s shares. The stock has risen by 5.10% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NR stock heading into the next quarter.