Parkwood LLC raised its position in shares of Newpark Resources, Inc. (NYSE:NR) by 43.8% during the second quarter, Holdings Channel reports. The firm owned 58,510 shares of the oil and gas company’s stock after buying an additional 17,833 shares during the period. Parkwood LLC’s holdings in Newpark Resources were worth $430,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. increased its position in Newpark Resources by 60,897.4% in the first quarter. BlackRock Inc. now owns 12,637,450 shares of the oil and gas company’s stock worth $102,364,000 after buying an additional 12,616,732 shares during the period. Vanguard Group Inc. increased its position in Newpark Resources by 3.3% in the first quarter. Vanguard Group Inc. now owns 7,397,975 shares of the oil and gas company’s stock worth $59,925,000 after buying an additional 239,371 shares during the period. Dimensional Fund Advisors LP increased its position in Newpark Resources by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,120,090 shares of the oil and gas company’s stock worth $57,672,000 after buying an additional 77,639 shares during the period. Royce & Associates LP increased its position in Newpark Resources by 2.5% in the first quarter. Royce & Associates LP now owns 2,996,561 shares of the oil and gas company’s stock worth $24,272,000 after buying an additional 72,831 shares during the period. Finally, State Street Corp increased its position in Newpark Resources by 13.0% in the first quarter. State Street Corp now owns 2,423,135 shares of the oil and gas company’s stock worth $19,626,000 after buying an additional 279,343 shares during the period.
Newpark Resources, Inc. (NR) traded up 1.497% during mid-day trading on Tuesday, hitting $8.475. 410,779 shares of the stock were exchanged. Newpark Resources, Inc. has a 12-month low of $5.76 and a 12-month high of $8.75. The company has a 50 day moving average of $7.33 and a 200 day moving average of $7.60. The firm’s market cap is $725.11 million.
Newpark Resources (NYSE:NR) last issued its quarterly 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. The company had revenue of $183 million for the quarter, compared to analyst estimates of $159.51 million. Newpark Resources had a negative net margin of 2.20% and a negative return on equity of 2.92%. The business’s revenue for the quarter was up 58.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) earnings per share. On average, equities analysts anticipate that Newpark Resources, Inc. will post $0.06 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Parkwood LLC Boosts Position in Newpark Resources, Inc. (NR)” was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/01/parkwood-llc-boosts-position-in-newpark-resources-inc-nr.html.
NR has been the topic of a number of research reports. Zacks Investment Research raised shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research report on Thursday, May 4th. BidaskClub downgraded shares of Newpark Resources from a “sell” rating to a “strong sell” rating in a research report on Friday. Finally, Loop Capital reissued a “buy” rating on shares of Newpark Resources in a research report on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Newpark Resources has an average rating of “Hold” and a consensus target price of $25.63.
In related news, Director David C. Anderson sold 15,124 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $7.35, for a total transaction of $111,161.40. Following the sale, the director now directly owns 187,841 shares in the company, valued at $1,380,631.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bruce Campbell Smith sold 10,578 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $8.00, for a total transaction of $84,624.00. Following the sale, the executive vice president now owns 226,034 shares in the company, valued at $1,808,272. The disclosure for this sale can be found here. Insiders have sold 201,214 shares of company stock worth $1,594,199 over the last quarter. Insiders own 4.70% of the company’s stock.
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.
Want to see what other hedge funds are holding NR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Newpark Resources, Inc. (NYSE:NR).
Receive News & Ratings for Newpark Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newpark Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
