How to Buy Newpark Resources Stock
Newpark Resources Inc
Newpark Resources is a oil & gas equipment & service company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker NR on the NYSE exchange.
Newpark Resources stock last closed at $7.27, down 0.14% from the previous day, and has increased 80.4% in one year. It has overperformed other stocks in the Oil & Gas Equipment & Services industry by 0.5 percentage points. Newpark Resources stock is currently +113.82% from its 52-week low of $3.40, and -7.27% from its 52-week high of $7.84.
As of Apr 26, 2024, there are 85.2M shares of NR outstanding. The market value of NR is $619.42M. In the last 24 hours, 354,485 NR shares were traded.
How to Buy Newpark Resources Stock
Not sure how to invest in Newpark Resources stock? Here's how.
- Choose where to buy Newpark Resources stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Newpark Resources stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your payment method and add your info.
- Research Newpark Resources stock: The Newpark Resources ticker symbol is NR. Is Newpark Resources stock a good investment? Should you buy shares of NR? How do NR's underlying business fundamentals look? Do top analysts think Newpark Resources is a good buy? Why has NR's stock price moved recently? (Hint: Our stock research tools can help you figure out if NR is a good stock to buy).
- Make your NR trade: Decide if you will purchase NR shares at the current market price or use a limit order to purchase NR stock at a given price.
- Get the latest news on your investment in NR: Create a watchlist to get live updates on your investment in Newpark Resources shares.
Step 1: Choose where to buy Newpark Resources stock
You need an online brokerage account to access the NYSE market and buy NR stock.
Our preferred brokerage: eToro
We believe that eToro is the best online stock brokerage. Here's why:
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- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal info so you are able to invest in NR stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open a new brokerage account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've created your account on the stocks app, you need to deposit funds:
Check out this video walkthrough for more details depositing money into your brokerage account.
Step 4: Research Newpark Resources stock
Once you have selected the best place to buy Newpark Resources stock, it's absolutely critical to research their stock prior to investing, so you can wrap your head around the risk and upside.
Overview of key NR info
NR Zen Score
WallStreetZen was designed to help part-time investors perform better fundamental analysis.
You can see all of the due diligence checks on NR's stock page.
Is NR stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge NR's true value.
Using relative valuations ratios:
- NR may be overvalued based on its P/E ratio of 42.76x, relative to Oil & Gas Equipment & Services industry P/E ratio of 20.84x
- NR could be undervalued based on its P/B ratio of 1.49x, relative to Oil & Gas Equipment & Services industry P/B ratio of 2.71x
You can do additional valuation analysis on NR's stock here.
A look at NR Cashflows and Balance Sheet
Signs that NR is financially healthy:
- There are more short-term assets than long-term liabilities on the NR balance sheet.
- Total NR debt is lower than 5 years ago, relative to shareholder equity.
- NR's operating cash flow of $100.00M allows it to safely service it's debt of $92.44M.
- There are more short-term assets than short-term liabilities on the NR balance sheet.
- NR profit margin has gone up from -2.6% to 1.9% in the past year.
Signs that NR is not financially healthy:
- NR has a relatively high debt to equity ratio of 0.55.
- NR earnings of $33.36M is not enough to cover its interest payments.
Is it a good time to buy Newpark Resources stock, according to analysts?
Out of 3 sell side analysts who monitor NR, the consensus analyst rating on Newpark Resources is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Newpark Resources stock forecast page.
NR Momentum
NR Growth Numbers
Last year, NR earnings were $14.52M. Over the past five year, NR's earnings have grown by -13.93% per year. This was slower than the Oil & Gas Equipment & Services industry average of 32.62%.
Last year, NR revenue was $749.60M. Over the past 5 year, NR's revenue has gone up by -4.56% per year. This was slower than the Oil & Gas Equipment & Services industry average of 9.28%.
Learn more about NR's earnings and revenue performance here.
What are NR insiders up to?
In the past 12 months, insiders at NR have sold more shares than they have bought.
Lori Briggs, VP President Ind. Solutions of NR, was the latest NR insider to buy. They bought $7,500.41 worth of NR shares on Dec 14, 2023.
Learn more about who owns NR shares here.
Can I rely on NR as an income stream?
No, Newpark Resources doesn't provide an income stream by paying out dividends.
What others are saying about NR
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your NR trade
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, use a limit order.
Hit the Open button and your broker will execute your order.
If you want more assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your investment in NR
Now that you own some NR shares, you'll want to stay up-to-date on your new investment.
Put NR on a watchlist to get notified of the latest news about your NR stock.
NR Feed
How to Buy Stock in Newpark Resources
To reiterate, here are the 6 steps for buying Newpark Resources stock:
- Choose where to buy Newpark Resources stock
- Create a brokerage account
- Deposit money your investment account
- Research Newpark Resources stock
- Make your NR trade
- Get the latest news on your investment in NR
If you need a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to get updates on your new investment in Newpark Resources, create a watchlist today.
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