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Newpark Resources, Inc. (NR)

NYSE - NYSE Delayed Price. Currency in USD
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3.7100+0.2400 (+6.92%)
At close: 4:00PM EDT
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  • j
    joes
    Going to be an epic breakout in the upcoming 3 months. Just you wait & see.
  • M
    Marlin
    The turnaround is obviously taking shape.

    1. Inventories declined sequentially while revenue improved significantly on a sequential basis. You have to love a management team that prioritizes same.

    2. The repurchase of the Convertible Notes should give Mr. Market more certainty that the Debt is not a problem even though the expiration is short term. The company is able to borrow and operate just fine while the road to profitability is taking shape. When you consider a book value of $5.30 and the stock trading at $3.25 in after hours, you have to agree that if you are patient, you make a lot of money in this stock.

    3. SG&A expenses remained relatively flat while revenue increased +/-$11M.

    4. Compared to a year ago, interest expense is almost one million dollars less.

    5. The current quarter will see further improvements, imo, as we see the economy roaring back.
  • M
    Marlin
    May 5, 2021 Newpark Resources (NYSE:NR) Rating Increased to Overweight at Capital One Financial
  • j
    joes
    Big cup & handle almost completed. IMO, almost ready for the next leg up (not financial advice). Long & Strong
    Bullish
  • M
    Marlin
    Note that prior to the earnings report, the one-year price target reported in Yahoo! was $3.25. Today, it is $4.50.
  • M
    Marlin
    Today, if I remember correctly, is the last day of the "poison pill" implemented by the company a little more than a year ago. In my opinion, there had to be a prospective acquirer of the company back then and Management made the effort to protect the shareholders from a lowball offer. Management was clear that they were not against a sale but they were, indeed, against an unreasonable offer.

    I believe Innospec is a perfect acquirer of Newpark. There's a lot of synergies, imo. I should note that Innospect has pulled out of acquiring Elementis which is a much bigger company than Newpark. Conjecture: Innospec could be eyeing Newpark. Why not? NR trades for forty cents on the dollar of book value.

    The industry is turning around already. The stock will turn around as well.
  • T
    Tim
    nr earnings - pretty good considering $3 million tax and freeze shutting down business in southwest last February. Would like to get guidance of no less than break even for 2nd quarter
  • j
    joes
    Unexpected chance to DCA from the low 3s. Awesome - This will run hard around upcoming earnings and as Oil continues to stay above 60. Expecting big things from these guys as they continue to pay off debt.
  • M
    Marlin
    I think sellers today got it wrong.

    In my experience, when a company is able to decrease inventories while increasing revenue the company's operations have turned around. This is the case of NR. SLB has projected a turnaround in the oil industry as well. That said, I believe the turnaround may be more pronounced in the second half of 2021.

    On another note, the current market valuation of this company is ridiculous, imo.

    That said, I loaded the boat towards the end of the trading day.
  • J
    Jordan
    Don’t invest, very overvalued
    Bearish
  • M
    Marlin
    Jamie Dimon, CEO of JP Morgan has reiterated "that the economy is poised to emerge from the pandemic on fire, with growth that could stretch into 2023."- The WSJ.

    Under that scenario, I can see Newpark benefiting for the long term.
  • J
    JH
    This is fine action. Stops that are easily taken out ahead of earnings happens for a reason. That $3 level was key as many stops are placed there. The company has been paying down debt and I expect to hear another good sized chunk of the bonds were redeemed in the quarter. The bonds are trading at 99 now (I think) which is awesome.
  • d
    derrick
    Manipulation is the best. Funds trading hands until this takes off in the next month. Hold!
    Bullish
  • M
    Marlin
    The one-year price estimate indicated in Yahoo! is now $5.00 (up from $4.50).
  • Y
    Yahoo Finance Insights
    Newpark Resources is down 8.59% to 3.51
  • C
    CS
    $CDXC conversation
    Brenner on Niagen stable shelf life--(recent Rhonda Patrick/ Sinclair podcast)

    "Charles Brenner, PhDVerified account @CharlesMBrenner · Nov 7

    Replying to @Mattkelly20 @davidasinclair

    That’s quite the shocking statement. Not true of #Niagen, which is a stable crystal form of #NR chloride. Niagen in its excipient from @truniagen is stable at room temperature for years. @chromadex has data on this"

    https://twitter.com/CharlesMBrenner/status/1192469911341191169
    “@Mattkelly20 @davidasinclair That’s quite the shocking statement. Not true of #Niagen, which is a stable crystal form of #NR chloride. Niagen in its excipient from @truniagen is stable at room temperature for years. @chromadex has data on this”
    “@Mattkelly20 @davidasinclair That’s quite the shocking statement. Not true of #Niagen, which is a stable crystal form of #NR chloride. Niagen in its excipient from @truniagen is stable at room temperature for years. @chromadex has data on this”
    twitter.com
  • J
    JH
    The bonds last traded at 91.25, the highest since March 11th. I think it's mostly the company buying these as they've done through the year. Through Q3, the company bought $33 million worth of face value for 88% of par. They mature next December, so picking them up now is essentially a 13% return on capital as that's the current yield to maturity (4% coupon plus the 9% capital appreciation). Good return for any investor, even the company itself.
  • W
    WeedFarmer
    $CDEV conversation
    Insiders aren’t encouraged to buy/sell shares when they know about upcoming mergers/acquisitions months ahead of the public.

    SEC would investigate insider trading!!

    -> No insider $QEP buying since March.

    -> CDEV (CFO) loaded some in Q3.

    -> $NR insiders (CEO and CFO) both loaded in November.

    -> Numerous $MTDR insiders have been loading non stop all year up until last month.

    So it’s unlikely that any plans of mergers going on with the bottom three (for now).

    I already moved some funds from QEP to NR and CDEV.

    Happy holidays,
    Let’s get it!!
    Bullish
  • W
    WeedFarmer
    $CDEV conversation
    Tough week but next month’s draws are going to look good!

    Have a good weekend folks.
    $QEP
    $SM
    $MTDR
    $NR

    https://oilprice.com/Latest-Energy-News/World-News/China-Charters-Tankers-For-37-Million-Barrels-Of-US-Oil.html
    China has chartered tankers that could deliver as much as 37 million barrels of crude oil from the United States next month
    China has chartered tankers that could deliver as much as 37 million barrels of crude oil from the United States next month
    oilprice.com
    Bullish
  • T
    Tim
    oil prices are rising. wti above $48.

    The inevitable rise in rigs is coming. NR will undoubtedly benefit. I anticipate 400 rigs within a month or so and up to 600 by year end 2021.

    I also anticipate $3sh sooner than later and more to follow if my predictions ring true.