Newpark Resources, Inc. (NYSE:NR) Stock Position Increased by Trexquant Investment LP

Trexquant Investment LP boosted its position in shares of Newpark Resources, Inc. (NYSE:NRFree Report) by 983.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,452 shares of the oil and gas company’s stock after buying an additional 123,860 shares during the quarter. Trexquant Investment LP owned 0.16% of Newpark Resources worth $906,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NR. Dorsey Wright & Associates acquired a new stake in shares of Newpark Resources during the 3rd quarter valued at $32,000. GAMMA Investing LLC purchased a new position in Newpark Resources in the 4th quarter worth about $49,000. National Bank of Canada FI acquired a new stake in Newpark Resources during the 4th quarter worth about $59,000. Victory Capital Management Inc. purchased a new stake in Newpark Resources during the fourth quarter valued at about $67,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Newpark Resources in the third quarter worth about $78,000. 80.81% of the stock is owned by institutional investors and hedge funds.

Newpark Resources Price Performance

NR opened at $8.05 on Friday. The company has a current ratio of 2.79, a quick ratio of 1.74 and a debt-to-equity ratio of 0.14. Newpark Resources, Inc. has a 1 year low of $3.40 and a 1 year high of $8.06. The stock has a fifty day moving average price of $7.46 and a 200 day moving average price of $6.95. The stock has a market cap of $685.86 million, a price-to-earnings ratio of 44.72 and a beta of 2.78.

Newpark Resources (NYSE:NRGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The firm had revenue of $169.11 million for the quarter, compared to the consensus estimate of $170.69 million. Newpark Resources had a return on equity of 6.67% and a net margin of 2.25%. Analysts forecast that Newpark Resources, Inc. will post 0.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. B. Riley upped their price target on shares of Newpark Resources from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Roth Mkm assumed coverage on Newpark Resources in a research report on Friday, March 8th. They issued a “buy” rating and a $10.00 target price for the company. StockNews.com raised Newpark Resources from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. HC Wainwright restated a “buy” rating and set a $12.00 price objective on shares of Newpark Resources in a research report on Monday, May 6th. Finally, Roth Capital reiterated 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 data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $11.00.

Read Our Latest Stock Report on Newpark Resources

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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