Estimates for Newpark Resources, Inc. NR have been revised upward in the past 60 days, which reflects analysts’ optimism in the stock. The Zacks Consensus Estimate for 2018 earnings moved up 2.4% to 42 cents.
Newpark Resources provides products, rentals and services to the oil and gas exploration as well as production industry.
Shares of Newpark Resources have returned 3.5% in the past 12 months, against the industry’s decline of 13.0%.
Let’s focus on the factors that make Newpark Resources an appropriate pick.
Zacks Rank &Surprise Trend
Newpark Resources carries a Zacks Rank #2 (Buy). The company pulled off an average positive earnings surprise of 36.91% in the last four quarters.
Year-Over-Year Growth Estimates
Newpark Resources’ year-over-year earnings growth for 2018 and 2019 is estimated at 320.0% and 52.98%, respectively. Year-over-year sales growth for 2018 and 2019 is projected at 27.04% and 16.20%, respectively.
Newpark Resources has an impressive VGM Score of A. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a bullish Zacks Rank are the best investment options.
Other Stocks to Consider
A few other top-ranked stocks in the same space are Solaris Oilfield Infrastructure, Inc SOI, Subsea 7 SA SUBCY and Petrofac Ltd. POFCY. While Solaris Oilfield Infrastructure and Subsea 7 SA carry a Zacks Rank #1 (Strong Buy), Petrofac holds a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Solaris Oilfield Infrastructure came up with an average positive earnings surprise of 3.75% in the past four quarters. The Zacks Consensus Estimate for 2018 earnings improved 4.8% in the past 60 days.
Subsea 7 SA Holdings delivered an average positive earnings surprise of 318.55% in the past four quarters. The Zacks Consensus Estimate for 2018 earnings moved up 66.7% in the past 60 days.
Shares of Petrofac have surged 43.5% in the past 12 months. The Zacks Consensus Estimate for 2018 earnings increased 13.0% in the past 60 days.
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