Newpark Resources (NYSE:NR) Now Covered by StockNews.com

StockNews.com began coverage on shares of Newpark Resources (NYSE:NR) in a research report released on Wednesday. The firm issued a hold rating on the oil and gas company’s stock.

Separately, HC Wainwright reissued a “buy” rating and issued a $12.00 target price on shares of Newpark Resources in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Newpark Resources Price Performance

Newpark Resources has a fifty-two week low of $5.61 and a fifty-two week high of $8.65. The firm has a market cap of $627.10 million, a price-to-earnings ratio of 27.89 and a beta of 2.92. The firm has a 50-day simple moving average of $7.41 and a 200 day simple moving average of $7.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00.

Institutional Trading of Newpark Resources

A number of institutional investors have recently modified their holdings of the company. Marshall Wace LLP increased its position in shares of Newpark Resources by 24.0% during the 2nd quarter. Marshall Wace LLP now owns 74,761 shares of the oil and gas company’s stock worth $621,000 after purchasing an additional 14,466 shares during the last quarter. AQR Capital Management LLC raised its position in Newpark Resources by 12.3% during the second quarter. AQR Capital Management LLC now owns 649,967 shares of the oil and gas company’s stock worth $5,401,000 after acquiring an additional 71,073 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Newpark Resources by 15.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,423 shares of the oil and gas company’s stock valued at $269,000 after acquiring an additional 4,255 shares during the period. SG Americas Securities LLC acquired a new position in shares of Newpark Resources during the 3rd quarter worth about $116,000. Finally, CWM LLC raised its holdings in shares of Newpark Resources by 79.3% in the 3rd quarter. CWM LLC now owns 17,443 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 7,713 shares during the period. 80.81% of the stock is currently owned by institutional investors.

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.