Chicago Equity Partners LLC bought a new stake in Newpark Resources, Inc. (NYSE:NR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 141,650 shares of the oil and gas company’s stock, valued at approximately $1,041,000. Chicago Equity Partners LLC owned about 0.17% of Newpark Resources as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Newpark Resources by 60,897.4% in the 1st quarter. BlackRock Inc. now owns 12,637,450 shares of the oil and gas company’s stock valued at $102,364,000 after purchasing an additional 12,616,732 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Newpark Resources by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 7,397,975 shares of the oil and gas company’s stock valued at $59,925,000 after purchasing an additional 239,371 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Newpark Resources by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,120,090 shares of the oil and gas company’s stock valued at $57,672,000 after purchasing an additional 77,639 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Newpark Resources by 27.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,330,770 shares of the oil and gas company’s stock valued at $24,481,000 after purchasing an additional 715,250 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Newpark Resources by 5.6% in the 2nd quarter. Royce & Associates LP now owns 3,163,261 shares of the oil and gas company’s stock valued at $23,250,000 after purchasing an additional 166,700 shares during the last quarter.
In other Newpark Resources news, VP Matthew Lanigan sold 40,771 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $8.46, for a total value of $344,922.66. Following the transaction, the vice president now owns 50,000 shares of the company’s stock, valued at $423,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.90% of the company’s stock.
Newpark Resources, Inc. (NYSE NR) opened at 8.30 on Friday. The firm’s market cap is $710.55 million. The company has a 50-day moving average price of $7.90 and a 200 day moving average price of $7.65. Newpark Resources, Inc. has a 12 month low of $5.80 and a 12 month high of $8.75.
Newpark Resources (NYSE:NR) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. Newpark Resources had a negative net margin of 2.20% and a negative return on equity of 2.92%. The firm had revenue of $183 million for the quarter, compared to analysts’ expectations of $159.51 million. During the same quarter last year, the company posted ($0.06) earnings per share. Newpark Resources’s revenue was up 58.7% on a year-over-year basis. Equities research analysts anticipate that Newpark Resources, Inc. will post $0.09 EPS for the current year.
Several equities analysts recently issued reports on the company. BidaskClub cut Newpark Resources from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded Newpark Resources from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Loop Capital restated a “buy” rating on shares of Newpark Resources in a research report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Newpark Resources has a consensus rating of “Hold” and an average target price of $9.15.
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Newpark Resources Company Profile
Newpark Resources, Inc is a supplier providing products and services primarily to the oil and gas exploration and production (E&P) industry. The Company’s segments include Fluids Systems, and Mats and Integrated Services. The Fluids Systems segment provides drilling fluids products and technical services to customers in the North America; Europe, the Middle East and Africa; Latin America, and Asia Pacific regions.
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