Newpark Resources (NR) Gets a Hold Rating from Cowen & Co.
In a report issued on October 9, Marc Bianchi from Cowen & Co. reiterated a Hold rating on Newpark Resources (NYSE: NR), with a price target of $12. The company’s shares closed yesterday at $9.90.
According to TipRanks.com, Bianchi is ranked 0 out of 5 stars with an average return of -8.1% and a 30.8% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oceaneering International.
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 $898.4M and has a P/E ratio of 31.13. The company has a Price to Book ratio of 1.62.
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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.