Newpark Resources, Inc. Q2 2024 Earnings Call Transcript
| NRDelisted Stock | USD 7.25 0.37 4.86% |
Slightly above 62% of Newpark Resources' investor base is looking to short. The analysis of overall sentiment of trading Newpark Resources stock suggests that many investors are alarmed at this time. Newpark Resources' investing sentiment overview a quick insight into current market opportunities from investing in Newpark Resources. Many technical investors use Newpark Resources stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Newpark |
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Newpark Resources Fundamental Analysis
We analyze Newpark Resources' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Newpark Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Newpark Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Return On Equity
Return On Equity Comparative Analysis
Newpark Resources is currently under evaluation in return on equity category among its peers. Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Newpark Resources Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Newpark Resources stock to make a market-neutral strategy. Peer analysis of Newpark Resources could also be used in its relative valuation, which is a method of valuing Newpark Resources by comparing valuation metrics with similar companies.
Peers
Newpark Resources Related Equities
| AROC | Archrock | 3.28 | ||||
| OII | Oceaneering International | 1.28 | ||||
| GEOS | Geospace Technologies | 0.91 | ||||
| OIS | Oil States | 0.44 | ||||
| HLX | Helix Energy | 0.11 | ||||
| VTOL | Bristow | 0.15 | ||||
| RES | RPC | 0.35 | ||||
| EFXT | Enerflex | 0.43 | ||||
| FET | Forum Energy | 1.80 | ||||
| RNGR | Ranger Energy | 1.97 | ||||
| PUMP | ProPetro Holding | 2.35 | ||||
| DNOW | Now | 4.80 |
Check out Newpark Resources Hype Analysis, Newpark Resources Correlation and Newpark Resources Performance. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Other Consideration for investing in Newpark Stock
If you are still planning to invest in Newpark Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Newpark Resources' history and understand the potential risks before investing.
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