NEW YORK (AP) — An analyst for Jefferies on Thursday upgraded his rating on Newpark Resources Inc. and raised his price targets and earnings estimates for the drilling services company.
Analyst Stephen Gengaro said Newpark is currently undervalued by Wall Street and noted that its various services should be driving profits over the next few years. Newpark provides fluids management, waste disposal, and well site preparation products and services for petroleum drillers.
Gengaro upgraded Newpark to "Buy" from "Hold" and …
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