Wunderlich Securities Raises Price Target For Newpark Resources, Inc. (NR)

Analysts Neal Dingmann and Jason Wangler at Wunderlich Securities have released an update on Newpark Resources, Inc. (NYSE: NR). Analysts have raised the price target for the company from $8 to $12.

Newpark reported strong first-quarter results, beating estimates. Analysts believe that acceptance of the company’s water-based fluid product is important as the margins are stronger. The company could see dynamic growth going forward if it can continue to expand its exposure in Haynesville.

Analysts at Wunderlich Securities have maintained their Buy rating for Newpark Resources, Inc.