NR - Newpark Resources: Anticipation The Shot Clock Is Winding Down On Fluids Business

2024-03-20 08:00:00 ET

Summary

• Newpark Resources reported mixed results, but shares have rallied due to anticipation of the potential sale of their fluids business.
• The fluids business at Newpark has been impacted by the oil crash of 2015, and the company plans to sell it to focus on its Mats industrial business.
• Potential buyers for the fluids segment include Weatherford International and NOV.
• We rate Newpark Resources as a buy for a short-term cash infusion and long-term growth in the Mats business.

Introduction

Newpark Resources, Inc. ( NR ) reported in late February with mixed results. On the negative side, the company missed analyst estimates on the top and bottom lines - not by huge amounts in either case, but a miss is a miss....

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