NR Stock Summary and Trading Ideas (Newpark Resources | NYSE:NR)

Newpark Resources Inc is a diversified supplier providing environmentally-sensitive products, as well as rentals and services to customers across multiple industries. The company has two operating segments: Industrial Solutions and Fluids Systems. Fluids Systems segment which generates the majority of the revenue, provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects. Geographically, the company derives majority of its revenue from the United States and also has its presence in Canada, EMEA, Latin America, and Asia Pacific regions.

Newpark Resources trades on the NYSE stock market under the symbol NR.

As of May 8, 2024, NR stock price declined to $7.35 with 1,243,402 million shares trading.

NR has a beta of 0.17, meaning it tends to be less sensitive to market movements. NR has a correlation of 0.00 to the broad based SPY ETF.

NR has a market cap of $626.23 million. This is considered a Small Cap stock.

Last quarter Newpark Resources reported $169 million in Revenue and $.10 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.05.

In the last 3 years, NR stock traded as high as $7.84 and as low as $1.92.

The top ETF exchange traded funds that NR belongs to (by Net Assets): VTI, IWM, AVUV, VXF, IWN.

NR has outperformed the market in the last year with a return of +87.5%, while the SPY ETF gained +27.0%. In the last 3 month period, NR beat the market returning +21.3%, while SPY returned +4.2%. However, in the most recent 2 weeks NR has underperformed the stock market by returning +0.3%, while SPY returned +2.3%.

NR support price is $7.20 and resistance is $7.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NR stock will trade within this expected range on the day.