Newpark Resources Inc. (NR) was a big mover last session, as its shares rose nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $11.0 to $12.0 in the past one-month time frame.
In the last 7 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Newpark Resources currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Other better-ranked stocks in the oil-field services industry include Compressco Partners, L.P. (GSJK), Exterran Holdings, Inc. (EXH) and Flotek Industries Inc. (FTK). All these stocks sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
NEWPARK RESOURCES INC (NR): Free Stock Analysis Report
COMPRESSCO PARTNERS LP (GSJK): Free Stock Analysis Report
FLOTEK INDS INC DEL (FTK): Free Stock Analysis Report
EXTERRAN HLDGS INC (EXH): Free Stock Analysis Report
Zacks Investment Research