SCF Acquires Newpark Fluids Systems

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Go back to SCF Acquires Newpark Fluids Systems

B.Riley Reiterates Buy Rating on Newpark Resources (NR)

September 17, 2024 5:46 AM EDT

B.Riley analyst Alex Rygiel reiterated a Buy rating and $11.00 price target on Newpark Resources (NYSE: NR)

The analyst comments "On September 13, 2024, after the close, Newpark Resources, Inc. (NRBuy, $11 PT) announced the sale of its Fluids Systems Segment to private equity firm SCF Partners, Inc. We estimate the sales price,... More