Newpark Resources, Inc. 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, Inc. was founded in 1932 and is headquartered in The Woodlands, Texas.
IPO Year:
Exchange: NYSE
Website: newpark.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/9/2024 | $10.00 | Buy | B. Riley Securities |
| 3/8/2024 | $10.00 | Buy | ROTH MKM |
| 12/5/2023 | $12.00 | Buy | H.C. Wainwright |
| 10/25/2023 | $11.00 | Buy | Craig Hallum |
Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced results for the third quarter ended September 30, 2024. On September 13, 2024, the Company completed the sale of its equity interests in substantially all of the Company's Fluids Systems segment. The results of the Fluids Systems segment are reported in discontinued operations for all periods. THIRD QUARTER 2024 RESULTS Revenue of $44.2 million Operating income from continuing operations of $1.2 million Income from continuing operations of $14.9 million, which includes a $14.6 million tax benefit; Adjusted Income from Continuing Operations of $0.3 million Adjusted EBITDA from Continuing Operations of $7
Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced that it will issue third quarter 2024 results after the U.S. markets close on Thursday, November 7, 2024. A conference call will be held the following day on Friday, November 8, 2024, at 9:30 a.m. ET to review the Company's financial results and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at https://investor.newpark.com/. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any nec
SCF Partners, Inc. ("SCF") is pleased to announce its acquisition of the Newpark Fluids Systems business ("NFS"), a leading global pure-play oil & gas and geothermal fluids solution provider, from Newpark Resources Inc. (NYSE:NR). Newpark Fluids Systems provides a full range of drilling & completion products and related technical services supported by an innovative digital modeling software suite, global supply chain and infrastructure to enhance the efficiency and productivity of our customers' performance. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240913427560/en/ Newpark Fluid Systems' CEO, David Paterson, commented, "We
Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced that it has completed the sale of the Company's equity interests in substantially all of the Company's Fluids Systems segment ("Sale Transaction") to SCF Partners, Inc. ("SCF") a leading private equity firm serving the global energy industry. Under the terms of the Sale Transaction agreement, the base sale price of the business is $127.5 million, adjusted by $43 million to reflect lower estimated working capital conveyed at closing as compared to the average 2023 net working capital balance, accrued taxes and certain other liabilities, and $10 million of outstanding debt. Net Sale Transaction consideration is $5
Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced results for the three and six months ended June 30, 2024. SECOND QUARTER 2024 RESULTS (all comparisons versus the prior year period unless otherwise noted) Net income of $8.0 million, or $0.09 per diluted share Adjusted Net Income of $10.4 million, or $0.12 per diluted share Adjusted EBITDA +18% to $23.4 million Adjusted EBITDA margin of 13.1%, +230 basis points Total Debt of $58 million, Net Debt of $23 million and Net Leverage of 0.3x as of June 30, 2024 Second Quarter (In millions) 2024 2023 Change R
THE WOODLANDS, Texas, July 17, 2024 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced that it will issue second quarter 2024 results after the U.S. markets close on Monday, August 5, 2024. A conference call will be held the following day on Tuesday, August 6, 2024, at 9:30 a.m. ET to review the Company's financial results and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at https://investor.n
THE WOODLANDS, Texas, May 2, 2024 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced results for the first quarter ended March 31, 2024. FIRST QUARTER 2024 RESULTS (all comparisons versus the prior year period unless otherwise noted) Net income +30% to $7.3 million, or $0.08 per diluted shareAdjusted Net Income of $8.9 million, or $0.10 per diluted shareAdjusted EBITDA +1% to $21.3 millionAdjusted EBITDA margin of 12.6%, +210 basis pointsTotal Debt of $77 million, Net Debt of $40 million and Net Leverage of 0.5x as of March 31, 202
THE WOODLANDS, Texas, April 18, 2024 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced that it will issue first quarter 2024 results after the U.S. markets close on Thursday, May 2, 2024. A conference call will be held the following day on Friday, May 3, 2024, at 9:30 a.m. ET to review the Company's financial results and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at https://investor.newpar
THE WOODLANDS, Texas, Feb. 21, 2024 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced results for the three and twelve months ended December 31, 2023. FOURTH QUARTER 2023 RESULTS(all comparisons versus the prior year period unless otherwise noted) Industrial Solutions segment revenue of $46.5 million, -19%Fluids Systems segment revenue of $121.4 million, -28%Net Loss of $0.5 million, or $0.01 per shareAdjusted Net Income of $3.8 million, -43%; $0.04 per diluted share, -38%Adjusted EBITDA of $16.2 million, -25%Adjusted EBITDA margi
THE WOODLANDS, Texas, Feb. 1, 2024 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced that it will issue fourth quarter and full-year 2023 results after the U.S. markets close on Wednesday, February 21, 2024. A conference call will be held the following day on Thursday, February 22, 2024, at 9:30 a.m. ET to review the Company's financial results and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's websi
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B. Riley Securities initiated coverage of Newpark Res with a rating of Buy and set a new price target of $10.00
ROTH MKM initiated coverage of Newpark Res with a rating of Buy and set a new price target of $10.00
H.C. Wainwright initiated coverage of Newpark Res with a rating of Buy and set a new price target of $12.00
Craig Hallum initiated coverage of Newpark Res with a rating of Buy and set a new price target of $11.00
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Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced results for the third quarter ended September 30, 2024. On September 13, 2024, the Company completed the sale of its equity interests in substantially all of the Company's Fluids Systems segment. The results of the Fluids Systems segment are reported in discontinued operations for all periods. THIRD QUARTER 2024 RESULTS Revenue of $44.2 million Operating income from continuing operations of $1.2 million Income from continuing operations of $14.9 million, which includes a $14.6 million tax benefit; Adjusted Income from Continuing Operations of $0.3 million Adjusted EBITDA from Continuing Operations of $7
Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced that it will issue third quarter 2024 results after the U.S. markets close on Thursday, November 7, 2024. A conference call will be held the following day on Friday, November 8, 2024, at 9:30 a.m. ET to review the Company's financial results and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at https://investor.newpark.com/. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any nec
SCF Partners, Inc. ("SCF") is pleased to announce its acquisition of the Newpark Fluids Systems business ("NFS"), a leading global pure-play oil & gas and geothermal fluids solution provider, from Newpark Resources Inc. (NYSE:NR). Newpark Fluids Systems provides a full range of drilling & completion products and related technical services supported by an innovative digital modeling software suite, global supply chain and infrastructure to enhance the efficiency and productivity of our customers' performance. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240913427560/en/ Newpark Fluid Systems' CEO, David Paterson, commented, "We
Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced results for the three and six months ended June 30, 2024. SECOND QUARTER 2024 RESULTS (all comparisons versus the prior year period unless otherwise noted) Net income of $8.0 million, or $0.09 per diluted share Adjusted Net Income of $10.4 million, or $0.12 per diluted share Adjusted EBITDA +18% to $23.4 million Adjusted EBITDA margin of 13.1%, +230 basis points Total Debt of $58 million, Net Debt of $23 million and Net Leverage of 0.3x as of June 30, 2024 Second Quarter (In millions) 2024 2023 Change R
THE WOODLANDS, Texas, July 17, 2024 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced that it will issue second quarter 2024 results after the U.S. markets close on Monday, August 5, 2024. A conference call will be held the following day on Tuesday, August 6, 2024, at 9:30 a.m. ET to review the Company's financial results and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at https://investor.n
THE WOODLANDS, Texas, May 2, 2024 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced results for the first quarter ended March 31, 2024. FIRST QUARTER 2024 RESULTS (all comparisons versus the prior year period unless otherwise noted) Net income +30% to $7.3 million, or $0.08 per diluted shareAdjusted Net Income of $8.9 million, or $0.10 per diluted shareAdjusted EBITDA +1% to $21.3 millionAdjusted EBITDA margin of 12.6%, +210 basis pointsTotal Debt of $77 million, Net Debt of $40 million and Net Leverage of 0.5x as of March 31, 202
THE WOODLANDS, Texas, April 18, 2024 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced that it will issue first quarter 2024 results after the U.S. markets close on Thursday, May 2, 2024. A conference call will be held the following day on Friday, May 3, 2024, at 9:30 a.m. ET to review the Company's financial results and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's website at https://investor.newpar
THE WOODLANDS, Texas, Feb. 21, 2024 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced results for the three and twelve months ended December 31, 2023. FOURTH QUARTER 2023 RESULTS(all comparisons versus the prior year period unless otherwise noted) Industrial Solutions segment revenue of $46.5 million, -19%Fluids Systems segment revenue of $121.4 million, -28%Net Loss of $0.5 million, or $0.01 per shareAdjusted Net Income of $3.8 million, -43%; $0.04 per diluted share, -38%Adjusted EBITDA of $16.2 million, -25%Adjusted EBITDA margi
THE WOODLANDS, Texas, Feb. 1, 2024 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced that it will issue fourth quarter and full-year 2023 results after the U.S. markets close on Wednesday, February 21, 2024. A conference call will be held the following day on Thursday, February 22, 2024, at 9:30 a.m. ET to review the Company's financial results and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's websi
THE WOODLANDS, Texas, Aug. 1, 2023 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") today announced results for the second quarter ended June 30, 2023. SECOND QUARTER 2023 RESULTS(all comparisons versus the prior year period unless otherwise noted) Industrial Solutions segment revenue of $48.1 million, -2%; year-to-date $103.9 million, +23%Fluid Systems segment revenue of $135.2 million, -7%; year-to-date $279.4 million, -2%Net Income of $1.7 million, or $0.02 per diluted shareAdjusted Net Income of $6.8 million, or $0.08 per diluted shareAdjusted EBITDA of $19.8 million, +49%Adjusted EBITDA margin of 10.8%, +400 basis pointsTotal Debt of $98 million, Net Debt
Analysts' ratings for Newpark Resources (NYSE:NR) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 2 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $10.75, a high estimate of $12.00, and a low estimate of $10.00. Witnessing a positive shift, the current average has
B. Riley Securities analyst Alex Rygiel maintains Newpark Resources (NYSE:NR) with a Buy and raises the price target from $10 to $11.
HC Wainwright & Co. analyst Amit Dayal reiterates Newpark Resources (NYSE:NR) with a Buy and maintains $12 price target.
Newpark Resources (NYSE:NR) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $0.06 by 66.67 percent. This is a 11.11 percent increase over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $169.107 million which missed the analyst consensus estimate of $170.793 million by 0.99 percent. This is a 15.46 percent decrease over sales of $200.030 million the same period last year.
B. Riley Securities analyst Alex Rygiel initiates coverage on Newpark Resources (NYSE:NR) with a Buy rating and announces Price Target of $10.
Roth MKM analyst Gerry Sweeney initiates coverage on Newpark Resources (NYSE:NR) with a Buy rating and announces Price Target of $10.
Newpark Resources (NYSE:NR) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.07 by 42.86 percent. The company reported quarterly sales of $167.82 million which missed the analyst consensus estimate of $171.13 million by 1.94 percent. This is a 25.47 percent decrease over sales of $225.16 million the same period last year.
HOUSTON, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE:ORN) (the "Company"), a leading specialty construction company, announced today the appointment of Edward Chipman ("Chip") Earle as Executive Vice President, General Counsel, Chief Administrative Officer, Chief Compliance Officer and Corporate Secretary, effective November 27th. Mr. Earle will succeed Executive Vice President Peter R. Buchler, who is retiring from Orion after 15 years of service. Mr. Earle joins Orion from Newpark Resources, Inc. (NYSE:NR), a service provider to the industrial and energy sectors, where he was Vice President - General Counsel, Chief Administrative Officer, Chief Compliance Offi
THE WOODLANDS, Texas, Dec. 2, 2022 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") announced today that Anthony J. Best, who has served as an independent member of the Company's Board of Directors (the "Board") since 2014, and Chairman of the Board since 2018, informed the Company that he has chosen not to stand for re-election and instead retire from the Board immediately following the Company's upcoming Annual Meeting of Stockholders in May 2023. No decision has been made by the Board regarding the succession of the Chairman position following Mr. Best's retirement. Effective upon Mr. Best's retirement, the Board has determined to reduce its size from eight d
THE WOODLANDS, Texas, April 4, 2022 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") announced today that G. Stephen Finley, who has served as an independent member of the Company's Board of Directors (the "Board") since 2007, informed the Chairman of the Board that he has chosen not to stand for re-election and instead retire from the Board immediately following the Company's upcoming Annual Meeting of Stockholders in May 2022. Anthony J. Best, Chairman of Newpark's Board of Directors, stated, "We would like to thank Steve for his many contributions to Newpark during his fifteen years of service as a member of the Board. Steve's leadership and invaluable ins
THE WOODLANDS, Texas, March 1, 2022 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) ("Newpark" or the "Company") announced today that, consistent with the Company's announcement on February 18, 2022, its Board of Directors ("Board") has appointed Claudia M. Meer as a new independent Board member, effective today. Ms. Meer's appointment is part of the Environmental, Social and Governance ("ESG") Committee's efforts in recent years to ensure that the Board's composition includes diverse perspectives and skillsets that are aligned with shareholder expectations and the Company's evolving business and strategy. Anthony J. Best, Chairman of Newpark's Board of Directors, stated, "We are very
THE WOODLANDS, Texas, Aug. 23, 2021 /PRNewswire/ -- Newpark Resources, Inc. (NYSE:NR) today announced that Paul Howes, President and Chief Executive Officer, intends to retire as an officer of Newpark on February 28, 2022, and be succeeded at such time by Matthew Lanigan, the current President of Newpark's Industrial Solutions operating segment. Effective September 1, 2021, Mr. Lanigan will be promoted to the position of President and Chief Operating Officer of Newpark, and Lori Briggs, the current Vice President of Marketing for Newpark Industrial Solutions, will be promoted to the position of President of the Newpark Industrial Solutions operating segment. "We are excited that Matthew h
THE WOODLANDS, Texas, Dec. 4, 2020 /PRNewswire/ -- Newpark Resources, Inc. (NYSE: NR) ("Newpark" or the "Company") announced today that Michael A. Lewis has been appointed as a new member to its board of directors, effective January 1, 2021. Mr. Lewis has over 34 years of electric operations experience, currently serving as both Interim President as well as Senior Vice President, Electric Operations of Pacific Gas & Electric Corporation ("PG&E"). In these roles, Mr. Lewis oversees all aspects of PG&E's Electric Operations, including the company's wildfire prevention and response efforts, longer-term grid resiliency initiatives, system-wide vegetation management work and emergency prepar