Newpark Resources with ticker code (NR) now have 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 6 and 3.5 calculating the average target price we see 4.75. Now with the previous closing price of 3.54 this is indicating there is a potential upside of 34.2%. The day 50 moving average is 3.8 while the 200 day moving average is 3.26. The market capitalisation for the company is $332m. Find out more information at: https://www.newpark.com
The potential market cap would be $445m based on the market concensus.
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.
