Newpark Resources found using ticker (NR) now have 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 4 and 4 calculating the average target price we see 4. Given that the stocks previous close was at 3.71 this is indicating there is a potential upside of 7.8%. There is a 50 day moving average of 3.32 and the 200 day moving average is 3.21. The market capitalisation for the company is $340m. Visit the company website at: https://www.newpark.com
The potential market cap would be $366m based on the market concensus.
Newpark Resources supplies products, as well as rentals and services primarily to the oil and natural gas exploration and production 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 certain countries in Asia Pacific and Latin America. The Industrial Solutions segment offers composite matting system rentals utilized for temporary worksite access; and related site construction and services to customers in various markets, including electrical transmission and distribution, 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 founded in 1932 and is headquartered in The Woodlands, Texas.
