Research analysts at StockNews.com began coverage on shares of Newpark Resources (NYSE:NR – Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the oil and gas company’s stock.
Separately, HC Wainwright reiterated a “buy” rating and issued a $12.00 target price on shares of Newpark Resources in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.00.
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Newpark Resources Price Performance
Hedge Funds Weigh In On Newpark Resources
Hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors raised its holdings in shares of Newpark Resources by 10.8% during the 3rd quarter. Captrust Financial Advisors now owns 14,624 shares of the oil and gas company’s stock valued at $101,000 after buying an additional 1,430 shares during the period. Ironwood Investment Management LLC lifted its position in shares of Newpark Resources by 1.0% during the second quarter. Ironwood Investment Management LLC now owns 145,520 shares of the oil and gas company’s stock worth $1,209,000 after purchasing an additional 1,442 shares in the last quarter. NorthCrest Asset Manangement LLC grew its holdings in Newpark Resources by 3.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 43,203 shares of the oil and gas company’s stock valued at $299,000 after purchasing an additional 1,517 shares in the last quarter. First Bank & Trust lifted its holdings in Newpark Resources by 10.0% in the 3rd quarter. First Bank & Trust now owns 21,704 shares of the oil and gas company’s stock worth $150,000 after buying an additional 1,965 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Newpark Resources by 10.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 29,543 shares of the oil and gas company’s stock valued at $205,000 after acquiring an additional 2,730 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.
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.
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