Zurcher Kantonalbank Zurich Cantonalbank Invests $105,000 in Newpark Resources, Inc. (NYSE:NR)

Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Newpark Resources, Inc. (NYSE:NR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,848 shares of the oil and gas company’s stock, valued at approximately $105,000.

Several other large investors have also made changes to their positions in the company. Dorsey Wright & Associates acquired a new stake in shares of Newpark Resources in the third quarter worth $32,000. Principal Financial Group Inc. bought a new stake in Newpark Resources during the third quarter valued at about $78,000. Legato Capital Management LLC bought a new stake in Newpark Resources during the fourth quarter valued at about $96,000. Mackenzie Financial Corp acquired a new stake in shares of Newpark Resources in the fourth quarter valued at about $101,000. Finally, Kure Advisory LLC increased its stake in shares of Newpark Resources by 20.0% in the fourth quarter. Kure Advisory LLC now owns 20,204 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 3,363 shares during the period. Institutional investors own 80.81% of the company’s stock.

Newpark Resources Stock Up 4.0 %

NR opened at $7.65 on Friday. The company has a market capitalization of $651.35 million, a P/E ratio of 42.47 and a beta of 2.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.79 and a quick ratio of 1.74. The firm’s fifty day moving average price is $7.23 and its two-hundred day moving average price is $6.87. Newpark Resources, Inc. has a fifty-two week low of $3.40 and a fifty-two week high of $7.84.

Newpark Resources (NYSE:NR) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The business had revenue of $167.82 million for the quarter, compared to the consensus estimate of $170.87 million. Newpark Resources had a return on equity of 6.67% and a net margin of 2.25%. On average, analysts anticipate that Newpark Resources, Inc. will post 0.3 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Roth Mkm assumed coverage on Newpark Resources in a research note on Friday, March 8th. They set a “buy” rating and a $10.00 target price for the company. StockNews.com upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Roth Capital reiterated a “buy” rating on shares of Newpark Resources in a research note on Friday, March 8th. HC Wainwright reissued a “buy” rating and issued a $12.00 price target on shares of Newpark Resources in a report on Monday. Finally, B. Riley boosted their price objective on shares of Newpark Resources from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Monday. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $11.00.

About Newpark Resources

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.