Estimates for Newpark Resources, Inc. (NR - Free Report) 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 - Free Report) , Subsea 7 SA (SUBCY - Free Report) and Petrofac Ltd. (POFCY - Free Report) . 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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