Intrinsic value of Newpark Resources - NR

Previous Close

$10.00

  Intrinsic Value

$24.64

stock screener

  Rating & Target

str. buy

+146%

Previous close

$10.00

 
Intrinsic value

$24.64

 
Up/down potential

+146%

 
Rating

str. buy

We calculate the intrinsic value of NR stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.9

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  29.10
  26.69
  24.52
  22.57
  20.81
  19.23
  17.81
  16.53
  15.37
  14.34
  13.40
  12.56
  11.81
  11.13
  10.51
  9.96
  9.47
  9.02
  8.62
  8.26
  7.93
  7.64
  7.37
  7.14
  6.92
  6.73
  6.56
  6.40
  6.26
  6.14
Revenue, $m
  965
  1,223
  1,523
  1,867
  2,255
  2,689
  3,168
  3,691
  4,259
  4,869
  5,522
  6,215
  6,949
  7,722
  8,534
  9,384
  10,273
  11,199
  12,164
  13,169
  14,213
  15,298
  16,426
  17,598
  18,817
  20,083
  21,400
  22,770
  24,196
  25,680
Variable operating expenses, $m
  653
  826
  1,026
  1,256
  1,516
  1,807
  2,127
  2,477
  2,857
  3,266
  3,695
  4,159
  4,650
  5,167
  5,711
  6,280
  6,874
  7,494
  8,140
  8,812
  9,511
  10,237
  10,992
  11,776
  12,591
  13,439
  14,320
  15,237
  16,191
  17,184
Fixed operating expenses, $m
  219
  224
  228
  233
  239
  244
  249
  255
  260
  266
  272
  278
  284
  290
  297
  303
  310
  317
  324
  331
  338
  345
  353
  361
  369
  377
  385
  394
  402
  411
Total operating expenses, $m
  872
  1,050
  1,254
  1,489
  1,755
  2,051
  2,376
  2,732
  3,117
  3,532
  3,967
  4,437
  4,934
  5,457
  6,008
  6,583
  7,184
  7,811
  8,464
  9,143
  9,849
  10,582
  11,345
  12,137
  12,960
  13,816
  14,705
  15,631
  16,593
  17,595
Operating income, $m
  93
  174
  268
  377
  500
  638
  791
  959
  1,141
  1,338
  1,555
  1,778
  2,015
  2,265
  2,527
  2,802
  3,089
  3,389
  3,701
  4,026
  4,364
  4,716
  5,082
  5,462
  5,857
  6,268
  6,695
  7,140
  7,603
  8,085
EBITDA, $m
  149
  242
  351
  477
  619
  779
  956
  1,150
  1,360
  1,587
  1,829
  2,087
  2,360
  2,648
  2,951
  3,268
  3,599
  3,945
  4,305
  4,680
  5,070
  5,476
  5,897
  6,336
  6,791
  7,265
  7,758
  8,271
  8,804
  9,360
Interest expense (income), $m
  9
  13
  22
  32
  44
  58
  74
  91
  110
  131
  154
  178
  204
  232
  261
  292
  324
  358
  394
  431
  469
  509
  551
  594
  639
  686
  735
  785
  838
  893
  950
Earnings before tax, $m
  80
  152
  236
  332
  442
  565
  700
  849
  1,010
  1,184
  1,377
  1,574
  1,783
  2,004
  2,235
  2,477
  2,731
  2,995
  3,270
  3,557
  3,855
  4,165
  4,487
  4,822
  5,170
  5,533
  5,910
  6,302
  6,710
  7,135
Tax expense, $m
  22
  41
  64
  90
  119
  152
  189
  229
  273
  320
  372
  425
  482
  541
  603
  669
  737
  809
  883
  960
  1,041
  1,125
  1,212
  1,302
  1,396
  1,494
  1,596
  1,701
  1,812
  1,927
Net income, $m
  58
  111
  172
  243
  323
  412
  511
  620
  737
  864
  1,005
  1,149
  1,302
  1,463
  1,632
  1,808
  1,993
  2,186
  2,387
  2,596
  2,814
  3,040
  3,276
  3,520
  3,774
  4,039
  4,314
  4,600
  4,898
  5,209

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,164
  1,475
  1,837
  2,252
  2,720
  3,243
  3,821
  4,452
  5,137
  5,873
  6,661
  7,497
  8,383
  9,315
  10,295
  11,320
  12,392
  13,509
  14,674
  15,885
  17,145
  18,454
  19,815
  21,229
  22,698
  24,226
  25,814
  27,467
  29,186
  30,977
Adjusted assets (=assets-cash), $m
  1,164
  1,475
  1,837
  2,252
  2,720
  3,243
  3,821
  4,452
  5,137
  5,873
  6,661
  7,497
  8,383
  9,315
  10,295
  11,320
  12,392
  13,509
  14,674
  15,885
  17,145
  18,454
  19,815
  21,229
  22,698
  24,226
  25,814
  27,467
  29,186
  30,977
Revenue / Adjusted assets
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
  0.829
Average production assets, $m
  432
  547
  681
  834
  1,008
  1,202
  1,416
  1,650
  1,904
  2,176
  2,468
  2,778
  3,106
  3,452
  3,815
  4,195
  4,592
  5,006
  5,437
  5,886
  6,353
  6,838
  7,343
  7,867
  8,411
  8,977
  9,566
  10,178
  10,815
  11,479
Working capital, $m
  376
  477
  594
  728
  879
  1,049
  1,235
  1,440
  1,661
  1,899
  2,153
  2,424
  2,710
  3,012
  3,328
  3,660
  4,006
  4,368
  4,744
  5,136
  5,543
  5,966
  6,406
  6,863
  7,339
  7,832
  8,346
  8,880
  9,436
  10,015
Total debt, $m
  264
  387
  529
  692
  877
  1,083
  1,311
  1,560
  1,829
  2,119
  2,430
  2,759
  3,108
  3,475
  3,861
  4,265
  4,688
  5,128
  5,587
  6,064
  6,560
  7,076
  7,612
  8,169
  8,748
  9,350
  9,976
  10,627
  11,305
  12,010
Total liabilities, $m
  459
  581
  724
  887
  1,072
  1,278
  1,505
  1,754
  2,024
  2,314
  2,624
  2,954
  3,303
  3,670
  4,056
  4,460
  4,882
  5,323
  5,781
  6,259
  6,755
  7,271
  7,807
  8,364
  8,943
  9,545
  10,171
  10,822
  11,499
  12,205
Total equity, $m
  706
  894
  1,113
  1,364
  1,648
  1,965
  2,316
  2,698
  3,113
  3,559
  4,036
  4,543
  5,080
  5,645
  6,239
  6,860
  7,509
  8,187
  8,892
  9,626
  10,390
  11,183
  12,008
  12,865
  13,755
  14,681
  15,643
  16,645
  17,687
  18,772
Total liabilities and equity, $m
  1,165
  1,475
  1,837
  2,251
  2,720
  3,243
  3,821
  4,452
  5,137
  5,873
  6,660
  7,497
  8,383
  9,315
  10,295
  11,320
  12,391
  13,510
  14,673
  15,885
  17,145
  18,454
  19,815
  21,229
  22,698
  24,226
  25,814
  27,467
  29,186
  30,977
Debt-to-equity ratio
  0.370
  0.430
  0.480
  0.510
  0.530
  0.550
  0.570
  0.580
  0.590
  0.600
  0.600
  0.610
  0.610
  0.620
  0.620
  0.620
  0.620
  0.630
  0.630
  0.630
  0.630
  0.630
  0.630
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
Adjusted equity ratio
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606
  0.606

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  58
  111
  172
  243
  323
  412
  511
  620
  737
  864
  1,005
  1,149
  1,302
  1,463
  1,632
  1,808
  1,993
  2,186
  2,387
  2,596
  2,814
  3,040
  3,276
  3,520
  3,774
  4,039
  4,314
  4,600
  4,898
  5,209
Depreciation, amort., depletion, $m
  55
  68
  83
  100
  119
  141
  165
  191
  219
  249
  274
  309
  345
  384
  424
  466
  510
  556
  604
  654
  706
  760
  816
  874
  935
  997
  1,063
  1,131
  1,202
  1,275
Funds from operations, $m
  114
  179
  255
  343
  442
  553
  676
  810
  956
  1,113
  1,279
  1,458
  1,647
  1,846
  2,055
  2,275
  2,504
  2,742
  2,991
  3,251
  3,520
  3,800
  4,091
  4,394
  4,709
  5,036
  5,377
  5,731
  6,100
  6,484
Change in working capital, $m
  85
  100
  117
  134
  152
  169
  187
  204
  221
  238
  255
  271
  286
  302
  317
  332
  346
  361
  376
  392
  407
  423
  440
  457
  475
  494
  514
  534
  556
  579
Cash from operations, $m
  29
  78
  138
  209
  290
  384
  489
  606
  735
  875
  1,025
  1,187
  1,361
  1,545
  1,739
  1,943
  2,157
  2,381
  2,615
  2,859
  3,113
  3,377
  3,652
  3,937
  4,234
  4,542
  4,863
  5,197
  5,544
  5,905
Maintenance CAPEX, $m
  -37
  -48
  -61
  -76
  -93
  -112
  -134
  -157
  -183
  -212
  -242
  -274
  -309
  -345
  -384
  -424
  -466
  -510
  -556
  -604
  -654
  -706
  -760
  -816
  -874
  -935
  -997
  -1,063
  -1,131
  -1,202
New CAPEX, $m
  -97
  -115
  -134
  -154
  -174
  -194
  -214
  -234
  -254
  -273
  -292
  -310
  -328
  -346
  -363
  -380
  -397
  -414
  -431
  -449
  -467
  -485
  -504
  -524
  -545
  -566
  -589
  -612
  -637
  -664
Cash from investing activities, $m
  -134
  -163
  -195
  -230
  -267
  -306
  -348
  -391
  -437
  -485
  -534
  -584
  -637
  -691
  -747
  -804
  -863
  -924
  -987
  -1,053
  -1,121
  -1,191
  -1,264
  -1,340
  -1,419
  -1,501
  -1,586
  -1,675
  -1,768
  -1,866
Free cash flow, $m
  -106
  -85
  -57
  -21
  24
  78
  142
  215
  298
  391
  491
  603
  724
  854
  992
  1,139
  1,294
  1,457
  1,627
  1,806
  1,992
  2,186
  2,388
  2,597
  2,815
  3,042
  3,277
  3,522
  3,776
  4,040
Issuance/(repayment) of debt, $m
  104
  122
  143
  163
  185
  206
  228
  249
  270
  290
  310
  330
  349
  367
  386
  404
  422
  440
  459
  477
  496
  516
  536
  557
  579
  602
  626
  651
  678
  706
Issuance/(repurchase) of shares, $m
  100
  78
  47
  9
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  204
  200
  190
  172
  185
  206
  228
  249
  270
  290
  310
  330
  349
  367
  386
  404
  422
  440
  459
  477
  496
  516
  536
  557
  579
  602
  626
  651
  678
  706
Total cash flow (excl. dividends), $m
  98
  115
  133
  151
  209
  284
  369
  464
  568
  681
  802
  933
  1,073
  1,221
  1,378
  1,543
  1,716
  1,897
  2,086
  2,283
  2,488
  2,702
  2,924
  3,154
  3,394
  3,644
  3,903
  4,173
  4,453
  4,746
Retained Cash Flow (-), $m
  -158
  -188
  -219
  -251
  -284
  -317
  -350
  -383
  -415
  -446
  -477
  -507
  -536
  -565
  -593
  -621
  -649
  -677
  -705
  -734
  -763
  -793
  -825
  -857
  -891
  -926
  -963
  -1,001
  -1,042
  -1,085
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -60
  -73
  -86
  -100
  -75
  -33
  19
  81
  153
  235
  324
  426
  536
  656
  785
  922
  1,067
  1,220
  1,381
  1,549
  1,725
  1,908
  2,099
  2,298
  2,504
  2,718
  2,940
  3,171
  3,411
  3,661
Discount rate, %
  4.50
  4.73
  4.96
  5.21
  5.47
  5.74
  6.03
  6.33
  6.65
  6.98
  7.33
  7.70
  8.08
  8.49
  8.91
  9.36
  9.82
  10.31
  10.83
  11.37
  11.94
  12.54
  13.16
  13.82
  14.51
  15.24
  16.00
  16.80
  17.64
  18.52
PV of cash for distribution, $m
  -58
  -67
  -75
  -82
  -58
  -23
  13
  50
  86
  120
  149
  175
  195
  210
  218
  220
  217
  208
  196
  180
  161
  142
  122
  103
  85
  68
  53
  41
  31
  22
Current shareholders' claim on cash, %
  90.1
  84.4
  81.8
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4
  81.4

Newpark Resources, Inc. is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company's segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions. The Mats and Integrated Services segment provides composite mat rentals, as well as location construction and related site services, to customers at well, production, transportation and refinery locations in the United States. It manufactures and sells composite mats to customers outside of the United States, and to domestic customers outside of the oil and gas exploration market. The Fluids Systems segment offers customized solutions for technical drilling projects involving subsurface conditions, such as horizontal, directional, geologically deep or deep water drilling.

FINANCIAL RATIOS  of  Newpark Resources (NR)

Valuation Ratios
P/E Ratio -20.7
Price to Sales 1.8
Price to Book 1.7
Price to Tangible Book
Price to Cash Flow 77
Price to Free Cash Flow -31.4
Growth Rates
Sales Growth Rate -30.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -44.9%
Cap. Spend. - 3 Yr. Gr. Rate -11%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 14.6%
Total Debt to Equity 31.1%
Interest Coverage -6
Management Effectiveness
Return On Assets -4.3%
Ret/ On Assets - 3 Yr. Avg. -0.8%
Return On Total Capital -6%
Ret/ On T. Cap. - 3 Yr. Avg. -1.7%
Return On Equity -8%
Return On Equity - 3 Yr. Avg. -2.3%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 7.2%
Gross Margin - 3 Yr. Avg. 13.4%
EBITDA Margin -3.8%
EBITDA Margin - 3 Yr. Avg. 0.9%
Operating Margin -11.7%
Oper. Margin - 3 Yr. Avg. -4.9%
Pre-Tax Margin -13.8%
Pre-Tax Margin - 3 Yr. Avg. -6.5%
Net Profit Margin -8.7%
Net Profit Margin - 3 Yr. Avg. -4.3%
Effective Tax Rate 36.9%
Eff/ Tax Rate - 3 Yr. Avg. 29.9%
Payout Ratio 0%

NR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the NR stock intrinsic value calculation we used $747.763 million for the last fiscal year's total revenue generated by Newpark Resources. The default revenue input number comes from 0001 income statement of Newpark Resources. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our NR stock valuation model: a) initial revenue growth rate of 29.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.5%, whose default value for NR is calculated based on our internal credit rating of Newpark Resources, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Newpark Resources.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of NR stock the variable cost ratio is equal to 67.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $214 million in the base year in the intrinsic value calculation for NR stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 8.4% for Newpark Resources.

Corporate tax rate of 27% is the nominal tax rate for Newpark Resources. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the NR stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for NR are equal to 44.7%.

Life of production assets of 9 years is the average useful life of capital assets used in Newpark Resources operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for NR is equal to 39%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $547.48 million for Newpark Resources - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 90.557 million for Newpark Resources is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Newpark Resources at the current share price and the inputted number of shares is $0.9 billion.

RELATED COMPANIES Price Int.Val. Rating
SLB Schlumberger 61.13 40.68  sell
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FTI TechnipFMC 31.20 39.00  buy

COMPANY NEWS

▶ Newpark Resources Reports Second Quarter 2018 Results   [Jul-26-18 04:15PM  PR Newswire]
▶ Newpark Resources Announces New Chairman   [May-21-18 07:00AM  PR Newswire]
▶ Newpark Resources, Inc. to Host Earnings Call   [Apr-27-18 08:15AM  ACCESSWIRE]
▶ Newpark: 1Q Earnings Snapshot   [05:04AM  Associated Press]
▶ Newpark Resources Reports First Quarter 2018 Results   [Apr-26-18 04:15PM  PR Newswire]
▶ Newpark Resources Announces Retirement Of Board Chairman   [Feb-27-18 06:00AM  PR Newswire]
▶ Newpark Resources, Inc. to Host Earnings Call   [Feb-09-18 07:55AM  ACCESSWIRE]
▶ Newpark reports 4Q loss   [Feb-08-18 07:23PM  Associated Press]
▶ Newpark Resources Sets 2018 Annual Meeting Date   [Jan-24-18 04:15PM  PR Newswire]
▶ Newpark Adds Rose Robeson To Its Board Of Directors   [Dec-20-17 06:00AM  PR Newswire]
▶ Analysts Target Prices for the Best-Performing OFS Stocks   [Nov-24-17 02:45PM  Market Realist]
▶ Newpark Appoints New Member To Its Board Of Directors   [Nov-16-17 04:15PM  PR Newswire]
▶ Newpark meets 3Q profit forecasts   [Oct-30-17 05:47PM  Associated Press]
▶ Newpark Resources Announces Credit Facility Amendment   [Oct-18-17 04:15PM  PR Newswire]
▶ Newpark beats 2Q profit forecasts   [12:27AM  Associated Press]
▶ Newpark Resources Reports Second Quarter 2017 Results   [Jul-27-17 04:15PM  PR Newswire]
▶ Newpark reports 1Q loss   [Apr-27-17 06:52PM  Associated Press]
▶ Newpark beats Street 4Q forecasts   [Feb-09-17 06:59PM  Associated Press]

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