Dahlman Rose Initiates Newpark Resources Coverage

Dahlman Rose initiated Newpark Resources NR coverage with a Buy rating and $12 price target in a research report published today. In the report, Dahlman Rose states, "We believe Newpark is well positioned for continued growth in this extended oil-driven upcycle. The company has emerged with leading-edge technology, with a growing international footprint, and as a beneficiary from environmental sensitivity." Shares of Newpark Resources closed today at $9.29, up 0.32% from Tuesday's market close.