SunTrust Robinson analyst Kenneth Sill reiterated a Buy rating on Newpark Resources (NYSE: NR) on October 30 and set a price target of $14. The company’s shares closed yesterday at $8.21.
According to TipRanks.com, Sill ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -20.3% and a 15.0% success rate. Sill covers the Basic Materials sector, focusing on stocks such as Oceaneering International, Propetro Holding Corp, and US Silica Holdings.
Newpark Resources has an analyst consensus of Hold, with a price target consensus of $12.
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Newpark Resources’ market cap is currently $745.5M and has a P/E ratio of 25.03. The company has a Price to Book ratio of 1.33.
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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 Fluids Systems and Mats and Integrated Services segments. The Fluids Systems segment offers drilling fluids products and technical services.
