Alpha Windward LLC purchased a new stake in shares of Newpark Resources, Inc. (NYSE:NR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 55,800 shares of the oil and gas company’s stock, valued at approximately $410,000. Alpha Windward LLC owned about 0.06% of Newpark Resources at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rockefeller Financial Services Inc. boosted its position in Newpark Resources by 3.2% in the second quarter. Rockefeller Financial Services Inc. now owns 1,414,438 shares of the oil and gas company’s stock valued at $10,396,000 after buying an additional 43,634 shares during the period. Louisiana State Employees Retirement System boosted its position in Newpark Resources by 4.9% in the second quarter. Louisiana State Employees Retirement System now owns 36,200 shares of the oil and gas company’s stock valued at $266,000 after buying an additional 1,700 shares during the period. State of Alaska Department of Revenue boosted its position in Newpark Resources by 86.2% in the second quarter. State of Alaska Department of Revenue now owns 17,414 shares of the oil and gas company’s stock valued at $127,000 after buying an additional 8,064 shares during the period. GW&K Investment Management LLC boosted its position in Newpark Resources by 36.0% in the second quarter. GW&K Investment Management LLC now owns 18,005 shares of the oil and gas company’s stock valued at $132,000 after buying an additional 4,765 shares during the period. Finally, Capital One National Association bought a new position in Newpark Resources during the second quarter valued at $391,000.
Shares of Newpark Resources, Inc. (NYSE:NR) traded down 3.23% during mid-day trading on Wednesday, hitting $7.50. 1,016,819 shares of the stock were exchanged. Newpark Resources, Inc. has a 12-month low of $5.80 and a 12-month high of $8.75. The stock’s 50 day moving average price is $7.68 and its 200-day moving average price is $7.63. The stock’s market capitalization is $642.06 million.
Newpark Resources (NYSE:NR) last released its earnings results on Thursday, July 27th. The oil and gas company reported $0.02 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 analysts’ expectations of $159.51 million. Newpark Resources had a negative return on equity of 2.92% and a negative net margin of 2.20%. The business’s revenue for the quarter was up 58.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) EPS. On average, equities research analysts expect that Newpark Resources, Inc. will post $0.09 EPS for the current fiscal year.
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A number of analysts have recently commented on NR shares. Zacks Investment Research lowered shares of Newpark Resources from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. Loop Capital reissued a “buy” rating on shares of Newpark Resources in a research report on Monday, July 3rd. Finally, BidaskClub lowered shares of Newpark Resources from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $25.63.
In related news, Director David C. Anderson sold 15,124 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $7.35, for a total value of $111,161.40. Following the sale, the director now directly owns 187,841 shares in the company, valued at approximately $1,380,631.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew Lanigan sold 40,771 shares of the business’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 completion of the sale, the vice president now owns 50,000 shares in the company, valued at $423,000. The disclosure for this sale can be found here. Insiders have sold a total of 90,267 shares of company stock worth $732,435 over the last quarter. Company 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.
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