13.3 C
New York
Saturday, December 9, 2023

Investors’ Patience Is Being Tested Right Now By Newpark Resources, Inc. (NYSE: NR)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Newpark Resources, Inc. (NR) shows that investor sentiment remained same, with the stock’s consolidated last price to $7.26. The Newpark Resources, Inc. has recorded 24,845 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted NEWPARK RESOURCES REPORTS THIRD QUARTER 2023 RESULTS.

Elon Musk just Triggered a BOOM in These Stocks

Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"

Click Here to Download the FREE Report.


Stocks Info

Newpark Resources, Inc. is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Equipment & Services industry. At the end of the last regular session, the stock closed at $7.26 and fluctuated between $7.47 as its day high and $6.92 as its day low. The current market capitalization of Newpark Resources, Inc. is $630.24M. A total of 1.96 million shares were traded on the day, compared to an average of 888.38K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, NR has seen 4 BUY and 2 SELL insider trades, representing the acquisition of 59,300 and the disposition of 19,674 shares. Over the last 12 months, there were 45 BUYs and 21 SELLs from insiders. Insiders purchased 1,063,091 shares during that period but sold 201,473.

In the most recent transaction, Meer Claudia Michel bought 1,300 shares of NR for 5.57 per share on Aug 21. After the transaction, the Director now owns 82,930 company shares. In a previous transaction on Aug 16, Meer Claudia Michel bought 8,000 shares at 5.27 per share. NR shares that Director owns now total 81,630.

Among the insiders who bought shares, MINGE JOHN C acquired of 10,000 shares on Mar 15 at a per-share price of $4.03. This resulted in the Director holding 172,045 shares of NR after the transaction. In another insider transaction, Lewis Michael A bought 5,251 shares at $3.98 per share on Dec 09. Company shares held by the Director now total 76,046.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NR in the last 3 months, the mean price target is $12.00 with high estimates of $12.00 and low estimates of $12.00. In terms of 52-week highs and lows, NR has a high of $7.33 and a low of $3.13.

As of this writing, NR has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0. The company reported an EPS of $0.03 in the last quarter, which was 400.00% higher than expectations of -$0.01.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NR’s latest balance sheet shows that the firm has $24.09M in Cash & Short Term Investments as of fiscal 2021. There were $137.16M in debt and $150.39M in liabilities at the time. Its Book Value Per Share was $4.82, while its Total Shareholder’s Equity was $462.39M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NR is Buy with a score of 5.00.

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles