Versor Investments LP Acquires Shares of 32,700 Newpark Resources, Inc. (NYSE:NR)

Versor Investments LP acquired a new position in shares of Newpark Resources, Inc. (NYSE:NRFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 32,700 shares of the oil and gas company’s stock, valued at approximately $217,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Newpark Resources by 4.0% during the third quarter. Vanguard Group Inc. now owns 4,187,037 shares of the oil and gas company’s stock valued at $28,932,000 after acquiring an additional 162,941 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Newpark Resources by 20.5% during the 3rd quarter. Wellington Management Group LLP now owns 875,200 shares of the oil and gas company’s stock valued at $6,048,000 after purchasing an additional 148,700 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Newpark Resources by 53.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 608,342 shares of the oil and gas company’s stock worth $4,039,000 after purchasing an additional 212,872 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Newpark Resources by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 317,935 shares of the oil and gas company’s stock worth $2,197,000 after buying an additional 4,105 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its holdings in shares of Newpark Resources by 531.9% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 254,283 shares of the oil and gas company’s stock worth $1,757,000 after buying an additional 214,043 shares during the last quarter. Institutional investors own 80.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on NR. B. Riley lifted their price objective on shares of Newpark Resources from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. StockNews.com raised Newpark Resources from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Roth Mkm initiated coverage on Newpark Resources in a research note on Friday, March 8th. They issued a “buy” rating and a $10.00 target price on the stock. HC Wainwright reaffirmed a “buy” rating and set a $12.00 price target on shares of Newpark Resources in a research report on Monday, May 6th. Finally, Roth Capital reissued a “buy” rating on shares of Newpark Resources in a report on Friday, March 8th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $11.00.

View Our Latest Research Report on Newpark Resources

Newpark Resources Trading Up 1.7 %

Shares of NR stock opened at $7.69 on Thursday. The stock has a market capitalization of $654.76 million, a price-to-earnings ratio of 42.70 and a beta of 2.78. The company’s fifty day simple moving average is $7.31 and its two-hundred day simple moving average is $6.89. Newpark Resources, Inc. has a 1 year low of $3.40 and a 1 year high of $7.84. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.79 and a quick ratio of 1.74.

Newpark Resources (NYSE:NRGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $167.82 million for the quarter, compared to the consensus estimate of $170.87 million. Newpark Resources had a net margin of 2.25% and a return on equity of 6.67%. As a group, analysts anticipate that Newpark Resources, Inc. will post 0.35 earnings per share for the current year.

About Newpark Resources

(Free Report)

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.

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Institutional Ownership by Quarter for Newpark Resources (NYSE:NR)

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