Newpark Resources, Inc. (NYSE:NR) Stake Decreased by Strs Ohio

Strs Ohio lessened its holdings in shares of Newpark Resources, Inc. (NYSE:NR) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,000 shares of the oil and gas company’s stock after selling 5,600 shares during the period. Strs Ohio owned 0.10% of Newpark Resources worth $577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Dorsey Wright & Associates acquired a new position in shares of Newpark Resources during the third quarter valued at approximately $32,000. Principal Financial Group Inc. acquired a new position in shares of Newpark Resources during the third quarter valued at approximately $78,000. Legato Capital Management LLC acquired a new position in shares of Newpark Resources during the fourth quarter valued at approximately $96,000. Kure Advisory LLC acquired a new position in shares of Newpark Resources during the third quarter valued at approximately $116,000. Finally, New York State Common Retirement Fund grew its position in Newpark Resources by 105.4% in the third quarter. New York State Common Retirement Fund now owns 20,070 shares of the oil and gas company’s stock worth $139,000 after buying an additional 10,300 shares during the last quarter. Institutional investors own 80.81% of the company’s stock.

Newpark Resources Stock Performance

NYSE NR opened at $7.28 on Friday. Newpark Resources, Inc. has a twelve month low of $3.40 and a twelve month high of $7.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.59 and a current ratio of 2.62. The stock has a market cap of $619.84 million, a price-to-earnings ratio of 45.47 and a beta of 2.75. The firm’s 50 day moving average price is $7.07 and its two-hundred day moving average price is $6.86.

Newpark Resources (NYSE:NR) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Newpark Resources had a return on equity of 6.53% and a net margin of 1.94%. The firm had revenue of $167.82 million for the quarter, compared to analysts’ expectations of $170.87 million. Equities analysts anticipate that Newpark Resources, Inc. will post 0.3 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on NR shares. Roth Mkm started coverage on shares of Newpark Resources in a research report on Friday, March 8th. They issued a “buy” rating and a $10.00 price target on the stock. B. Riley started coverage on shares of Newpark Resources in a research report on Tuesday, April 9th. They issued a “buy” rating and a $10.00 price target on the stock. Roth Capital restated a “buy” rating on shares of Newpark Resources in a research report on Friday, March 8th. TheStreet lowered shares of Newpark Resources from a “b-” rating to a “c+” rating in a research report on Thursday, January 4th. Finally, StockNews.com lowered shares of Newpark Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.75.

Newpark Resources Company Profile

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.