Don’t Be A Stock Market Victim: Newpark Resources Inc. (NR), Montage Resources Corporation (MR)

Newpark Resources Inc. (NYSE: NR) shares are -77.19% down in the year-to-date (YTD) period and have moved 32.41% or $0.35 higher in the latest trading session. Comparatively, the stock is down -72.18% over the trailing 3-month period. If we look at the shorter duration, its week performance is 47.21% and 75.40% over the month.

Analyst Recommendations

On March 09, 2020, Evercore ISI recommended the NR stock is a In-line, while earlier, CapitalOne had Downgrade the stock as a Equal Weight on March 17, 2020. 5 analysts offering the recommendations for the stock have a consensus rating of 2.00 to suggest that the NR stock is a “Moderate Sell. 0 of the 5 analysts rate the stock as a “Sell”, while 0 has rated it as “Underweight”. 3 recommend buying, with 0 rating it as an Overweight.

The stock currently trades at $1.43 and analysts tracking its performance over the next 12 months have a consensus estimate price target of $3.50. The forecasts give the Newpark Resources Inc. stock a price target range of $3.00 on the higher side while at least one analyst think the stock could plunge to a low of $2.00. The two limits represent an upside potential of 52.33% or 28.5%.

Earnings Forecast

For the current year, earnings should grow to an average of -$0.22, down -19.50% from $0.07 reported last year. Analysts also offered guidance for the next financial quarter, with their average projected EPS at between -$0.12 and $0.01. Wall Street estimates earnings per share to be at an average of -$0.08 for the next year.

Insider Transactions Summary

According to SEC data, total insider shares purchases at the company stands at 29 over the last 12 months, while SEC filings reveal that there have been 21 insider sales over the same period. Insiders have purchases 850,004 shares while those sold by company executives and officers stand at 221,977. The last 3 months have seen insiders trade a total of 2,000 and 0 in purchases and sales respectively.

Howes Paul L, a President and CEO at the company, bought 15,000 shares worth $87540.0 at $5.84 per share on Nov 19. The Controller, CAO, PAO had earlier sold another 6,145 NR shares valued at $37274.0 on Nov 27. The shares were sold at $6.07 per share.

Montage Resources Corporation (NYSE:MR), on the other hand, is trading around $6.55 with a market cap of $210.71M and analyst research firms have a positive stance on its shares. Analysts predict that the stock will reach $5.08 and spell out a less modest performance – a -28.94% return. Some analysts are even forecasting -$1.15 per share in earnings this year on a short term (1 year) basis.

Insider activity

Insiders have transacted a total of 10 times at Montage Resources Corporation over the last 6 months, with insider purchases undertaken 2 times and accounting for 10,544 shares. Insider sales totaled 15,747 shares over the same period, with these deals completed in 8 transactions. Looking at these numbers, we realize that net purchases over that period are -6.0 shares. Insiders now hold a total of 3.38M shares after the latest sales, with 0.30% net shares purchased.

Major holders

Insiders own 0.40% of the company shares, while shares held by institutions stand at 83.60% with a share float percentage of 17.66M. Investors are also buoyed by the number of investors in a company, with Montage Resources Corporation having a total of 140 institutions that hold shares in the company.