Monarch Partners Asset Management LLC Has $3.65 Million Holdings in Newpark Resources Inc (NYSE:NR)

Monarch Partners Asset Management LLC decreased its holdings in shares of Newpark Resources Inc (NYSE:NR) by 51.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 479,073 shares of the oil and gas company’s stock after selling 512,660 shares during the quarter. Monarch Partners Asset Management LLC owned approximately 0.53% of Newpark Resources worth $3,651,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NR. Magnus Financial Group LLC bought a new stake in Newpark Resources during the second quarter worth $106,000. Marshall Wace North America L.P. raised its position in shares of Newpark Resources by 1,896.5% in the second quarter. Marshall Wace North America L.P. now owns 15,972 shares of the oil and gas company’s stock valued at $119,000 after purchasing an additional 15,172 shares during the period. Miles Capital Inc. raised its position in shares of Newpark Resources by 9.7% in the second quarter. Miles Capital Inc. now owns 16,557 shares of the oil and gas company’s stock valued at $123,000 after purchasing an additional 1,459 shares during the period. Capital Fund Management S.A. bought a new position in shares of Newpark Resources in the second quarter valued at about $128,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Newpark Resources by 3.6% in the second quarter. Envestnet Asset Management Inc. now owns 49,313 shares of the oil and gas company’s stock valued at $366,000 after purchasing an additional 1,725 shares during the period. Institutional investors and hedge funds own 99.55% of the company’s stock.

Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Newpark Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James set a $9.00 price target on shares of Newpark Resources and gave the stock a “buy” rating in a research report on Friday, November 1st. TheStreet lowered shares of Newpark Resources from a “b-” rating to a “c” rating in a research report on Thursday, October 31st. Finally, Zacks Investment Research lowered shares of Newpark Resources from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Newpark Resources has an average rating of “Buy” and an average price target of $10.17.

NYSE:NR traded up $0.25 during mid-day trading on Friday, reaching $6.76. 660,000 shares of the company’s stock were exchanged, compared to its average volume of 531,713. Newpark Resources Inc has a one year low of $5.25 and a one year high of $9.68. The firm has a market capitalization of $610.95 million, a PE ratio of 16.49 and a beta of 1.54. The business’s fifty day simple moving average is $7.23 and its two-hundred day simple moving average is $7.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.44 and a current ratio of 3.89.

Newpark Resources (NYSE:NR) last released its quarterly earnings results on Wednesday, October 30th. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.09). Newpark Resources had a return on equity of 3.50% and a net margin of 1.68%. The business had revenue of $202.76 million for the quarter, compared to the consensus estimate of $221.38 million. During the same period in the prior year, the business posted $0.04 earnings per share. Newpark Resources’s revenue was down 13.8% compared to the same quarter last year. As a group, equities research analysts forecast that Newpark Resources Inc will post 0.14 EPS for the current year.

Newpark Resources Profile

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production industry. It operates through two segments, Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment offers drilling and completion fluids solutions, and technical services to customers in the North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific regions.

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

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