Newpark Resources, Inc. (NYSE:NR) Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Newpark Resources, Inc. (NYSE:NRFree Report) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,153,464 shares of the oil and gas company’s stock after buying an additional 303,236 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.07% of Newpark Resources worth $40,859,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NR. Bank of New York Mellon Corp increased its holdings in Newpark Resources by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 317,935 shares of the oil and gas company’s stock worth $2,197,000 after buying an additional 4,105 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Newpark Resources during the 3rd quarter valued at $78,000. Assenagon Asset Management S.A. raised its holdings in shares of Newpark Resources by 81.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 395,470 shares of the oil and gas company’s stock valued at $2,733,000 after purchasing an additional 177,824 shares in the last quarter. Jump Financial LLC lifted its stake in shares of Newpark Resources by 25.9% in the 3rd quarter. Jump Financial LLC now owns 41,800 shares of the oil and gas company’s stock valued at $289,000 after purchasing an additional 8,589 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings 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 purchasing an additional 10,300 shares in the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.

Newpark Resources Stock Up 1.8 %

NR opened at $8.05 on Friday. The business has a 50 day moving average of $7.46 and a 200-day moving average of $6.95. The stock has a market capitalization of $685.88 million, a price-to-earnings ratio of 44.72 and a beta of 2.78. 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.

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 for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Newpark Resources had a net margin of 2.25% and a return on equity of 6.67%. The firm had revenue of $169.11 million during the quarter, compared to the consensus estimate of $170.69 million. As a group, sell-side analysts anticipate that Newpark Resources, Inc. will post 0.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on NR

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.

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

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