Analysts who follow Newpark Resources Inc (NR) on average expect it to fall -1.48% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns Newpark Resources Inc an Analyst Ranking of 72, which means it ranks higher than 72 of stocks, based on data compiled by InvestorsObserver.
Wall Street analysts are rating NR a Strong Buy today. Find out what this means to you and get the rest of the rankings on NR!
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Newpark Resources Inc Stock Today?
Newpark Resources Inc (NR) stock is trading at $4.06 as of 2:23 PM on Friday, May 20, a decline of -$0.05, or -1.22% from the previous closing price of $4.11. The stock has traded between $4.06 and $4.24 so far today. Volume today is below average. So far 222,772 shares have traded compared to average volume of 681,548 shares.
Click Here to get the full Stock Report for Newpark Resources Inc stock.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
