Campbell & CO Investment Adviser LLC Sells 55,081 Shares of Newpark Resources, Inc. (NYSE:NR)

Campbell & CO Investment Adviser LLC reduced its holdings in shares of Newpark Resources, Inc. (NYSE:NRFree Report) by 41.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,584 shares of the oil and gas company’s stock after selling 55,081 shares during the quarter. Campbell & CO Investment Adviser LLC owned approximately 0.09% of Newpark Resources worth $515,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP raised its holdings in Newpark Resources by 20.5% in 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 acquiring an additional 148,700 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Newpark Resources by 53.8% during the fourth 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. Yarra Square Partners LP lifted its holdings in Newpark Resources by 48.5% during the 4th quarter. Yarra Square Partners LP now owns 814,100 shares of the oil and gas company’s stock worth $5,406,000 after purchasing an additional 266,000 shares during the last quarter. National Bank of Canada FI bought a new stake in Newpark Resources in the 4th quarter valued at $59,000. Finally, Ritholtz Wealth Management acquired a new position in Newpark Resources in the 4th quarter valued at $450,000. 80.81% of the stock is owned by institutional investors and hedge funds.

Newpark Resources Stock Performance

Shares of NYSE:NR opened at $8.15 on Monday. The company’s 50 day simple moving average is $7.58 and its 200 day simple moving average is $7.00. 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, Inc. has a 1 year low of $4.09 and a 1 year high of $8.56. The stock has a market capitalization of $694.38 million, a price-to-earnings ratio of 45.28 and a beta of 2.86.

Newpark Resources (NYSE:NRGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. Newpark Resources had a return on equity of 6.67% and a net margin of 2.25%. The company had revenue of $169.11 million for the quarter, compared to analyst estimates of $170.69 million. As a group, research analysts predict that Newpark Resources, Inc. will post 0.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NR. HC Wainwright reissued a “buy” rating and issued a $12.00 target price on shares of Newpark Resources in a research report on Monday, May 6th. Roth Mkm assumed coverage on shares of Newpark Resources in a research report on Friday, March 8th. They set a “buy” rating and a $10.00 target price on the stock. StockNews.com upgraded Newpark Resources from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Roth Capital restated a “buy” rating on shares of Newpark Resources in a research note on Friday, March 8th. Finally, B. Riley lifted their price objective on Newpark Resources from $10.00 to $11.00 and gave the company a “buy” rating in a report on Monday, May 6th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $11.00.

Get Our Latest Stock Analysis on Newpark Resources

Newpark Resources Profile

(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.

Further Reading

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

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