Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Newpark Resources Inc. (NYSE: NR) weakened during the last several trading days. NR’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 5/10/24, Newpark Resources Inc. (NYSE: NR) stock declined modestly by -1.0%, closing at $7.57. This decline was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months and has risen 7.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NR is expected to continue to be a Value Builder.
Newpark Resources has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Newpark Resources has a poor Appreciation Score of 30 but a neutral Power Rating of 52, producing the Negative Value Trend Rating.
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