Newpark Resources Inc. (NR) was a big mover last session, as the company saw its shares rise by nearly 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 15.62% over the last seven days.
The company has seen a mixed track record with one positive estimate revision over the last 30 days, while the Zacks Consensus Estimate has remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Newpark Resources currently sports a Zacks Rank #1 (Strong Buy) and its Earnings ESP is 0.00%.
Some other stocks worth considering in the oil and gas industry include Flotek Industries Inc. (FTK), Helix Energy Solutions Group, Inc. (HLX) and Basic Energy Services, Inc. (BAS). While Flotek Industries and Helix Energy sport the same Zacks Rank as Newpark Resources, Basic Energy Services holds a Zacks Rank #2.
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