Newpark Resources, Inc. (NYSE:NR) Short Interest Down 13.1% in February

Newpark Resources, Inc. (NYSE:NR – Get Rating) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 636,100 shares, a decrease of 13.1% from the February 13th total of 732,100 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 669,300 shares, the days-to-cover ratio is currently 1.0 days.

Newpark Resources Stock Performance

Shares of NYSE:NR opened at $4.53 on Friday. The firm has a market cap of $406.34 million, a PE ratio of -21.57 and a beta of 2.85. The firm’s 50 day simple moving average is $4.51 and its 200-day simple moving average is $3.80. Newpark Resources has a one year low of $2.38 and a one year high of $4.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.70 and a current ratio of 2.61.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NR. StockNews.com raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research report on Monday, February 20th. TheStreet raised shares of Newpark Resources from a “d+” rating to a “c” rating in a research report on Friday, February 17th.

Hedge Funds Weigh In On Newpark Resources

A number of institutional investors have recently modified their holdings of NR. Brandywine Global Investment Management LLC boosted its stake in shares of Newpark Resources by 7.4% during the fourth quarter. Brandywine Global Investment Management LLC now owns 40,244 shares of the oil and gas company’s stock valued at $167,000 after purchasing an additional 2,790 shares in the last quarter. Algert Global LLC boosted its stake in shares of Newpark Resources by 5.6% during the fourth quarter. Algert Global LLC now owns 64,170 shares of the oil and gas company’s stock valued at $266,000 after purchasing an additional 3,410 shares in the last quarter. Simplicity Solutions LLC boosted its stake in shares of Newpark Resources by 20.4% during the fourth quarter. Simplicity Solutions LLC now owns 20,916 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 3,547 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Newpark Resources by 0.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 706,819 shares of the oil and gas company’s stock valued at $2,587,000 after purchasing an additional 3,675 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Newpark Resources by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 241,089 shares of the oil and gas company’s stock valued at $883,000 after purchasing an additional 3,993 shares in the last quarter. 78.30% of the stock is owned by hedge funds and other institutional investors.

About Newpark Resources

(Get Rating)

Newpark Resources, Inc engages in the provision of products, rentals and services to the oil and gas exploration and production industry. It operates through the Fluids Systems and Industrial Solutions segments. The Fluids Systems segment offers drilling fluids products and technical services. The Industrial Solutions segments includes site and access solutions business along with industrial bending operations.