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UPDATE: Dahlman Rose Downgrades Newpark Resources to Hold on Valuation

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Newpark Resources Announces Credit Agreement Amendment

In a report published Monday, Dahlman Rose downgraded its rating on Newpark Resources (NYSE: NR) from Buy to Hold.

Dahlman Rose noted, “We are downgrading Newpark Resources to Hold from Buy. NR has appreciated 21% since our North American Upgrade report published November 19, 2012, and the stock is currently trading within 14% of our fair value estimate. Our fair value estimate is $10 per share.”

Newpark Resources closed on Friday at $8.75.

Latest Ratings for NR

DateFirmActionFromTo
May 2016Tudor PickeringUpgradesHoldBuy
May 2016Credit SuisseMaintainsNeutral
Dec 2015KLR GroupInitiates Coverage onBuy

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Posted-In: Dahlman RoseAnalyst Color Downgrades Analyst Ratings

 

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