Newpark Resources

According to Jefferies, Newpark Resources (NYSE: NR) is upgraded to Buy. Jefferies said that it believes that Newpark's Drilling Fluids business is well positioned to grow rapidly over the next few years fueled by North American shale activity, improvement on the Gulf of Mexico, growth in Brazil...

Jefferies is out with its report today on Newpark Resources (NYSE: NR), raising its price target from $7 to $8. In a note to clients, Jefferies writes, "We are increasing our PT to $8 from $7, which is based on 6x our 2012 EBITDA estimate of $144.8 million (up from $126.4 million). Our PT multiple...

Newpark Resources (NYSE: NR) reported lower than expected 3Q results according to Jefferies & Co., which has published a research report on the company following 3Q results. In the report, Jefferies writes "Newpark reported 3Q EPS of $0.09 versus our $0.12 estimate and the Consensus estimate of...

CapitalOne Southcoast has initiated coverage on Newpark Resources (NYSE: NR) at Neutral with a $9 price target.

Wunderlich reports on Transocean (NYSE: RIG): that "reserve and production estimates depend on many assumptions that may turn out to be inaccurate. Any material change in these figures could materially change our estimates." Wunderlich remains cautious offshore and intends to focus on oil and gas...