Newpark Resources, Inc. (NR) Position Lifted by Voya Investment Management LLC

Voya Investment Management LLC increased its position in Newpark Resources, Inc. (NYSE:NR) by 9.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,922 shares of the oil and gas company’s stock after acquiring an additional 3,958 shares during the quarter. Voya Investment Management LLC owned about 0.05% of Newpark Resources worth $323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its holdings in shares of Newpark Resources by 86.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 17,414 shares of the oil and gas company’s stock worth $127,000 after purchasing an additional 8,064 shares during the period. GW&K Investment Management LLC increased its holdings in shares of Newpark Resources by 36.0% during the 2nd quarter. GW&K Investment Management LLC now owns 18,005 shares of the oil and gas company’s stock worth $132,000 after purchasing an additional 4,765 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in shares of Newpark Resources by 8.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 21,000 shares of the oil and gas company’s stock worth $154,000 after purchasing an additional 1,610 shares during the period. Federated Investors Inc. PA increased its holdings in shares of Newpark Resources by 2,176.7% during the 2nd quarter. Federated Investors Inc. PA now owns 29,620 shares of the oil and gas company’s stock worth $218,000 after purchasing an additional 28,319 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Newpark Resources by 4.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 36,200 shares of the oil and gas company’s stock worth $266,000 after purchasing an additional 1,700 shares during the period.

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Newpark Resources, Inc. (NR) opened at $9.40 on Tuesday. Newpark Resources, Inc. has a 12-month low of $6.25 and a 12-month high of $10.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.96 and a current ratio of 2.71.

Newpark Resources (NYSE:NR) last posted its quarterly earnings results on Monday, October 30th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The business had revenue of $201.70 million for the quarter, compared to the consensus estimate of $192.57 million. Newpark Resources had a negative return on equity of 0.29% and a net margin of 0.48%. The company’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period last year, the firm earned ($0.16) earnings per share. equities analysts forecast that Newpark Resources, Inc. will post 0.06 earnings per share for the current year.

Several brokerages have recently weighed in on NR. Cowen and Company set a $9.00 target price on shares of Newpark Resources and gave the company a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research lowered shares of Newpark Resources from a “buy” rating to a “hold” rating in a research report on Saturday. SunTrust Banks, Inc. upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, BidaskClub upgraded shares of Newpark Resources from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.80.

About Newpark Resources

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

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