Newpark Resources: Anticipation, The Shot Clock Is Winding Down On Fluids Business [Seeking Alpha]
Weatherford International plc - Ordinary shares (WFRD)
Company Research
Source: Seeking Alpha
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. NYSE: 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. It may seem odd then that shares have rallied to the top of their one-year range. Why? Carly Simon (a pop star from the '70s) once wailed a tune that fits right in with the current dynamics in Newpark and may help to explain the upward trend in their shares. Anticipation, or as Carly put it, Antici-paaaaaaaaaaaaaaay-shun . The market is beginning to price in the uplift from the potential sale of their
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- Weatherford International plc (NASDAQ: WFRD) had its price target raised by analysts at Piper Sandler from $180.00 to $184.00. They now have an "overweight" rating on the stock.MarketBeat