Prescott Group Capital Management L.L.C. held its position in Newpark Resources, Inc. (NYSE:NR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,333 shares of the oil and gas company’s stock at the end of the second quarter. Prescott Group Capital Management L.L.C. owned 0.13% of Newpark Resources worth $848,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in Newpark Resources by 13.1% in the fourth quarter. State Street Corp now owns 2,143,792 shares of the oil and gas company’s stock worth $16,083,000 after buying an additional 247,617 shares during the last quarter. Lazard Asset Management LLC raised its stake in Newpark Resources by 24.1% in the first quarter. Lazard Asset Management LLC now owns 1,155,350 shares of the oil and gas company’s stock worth $9,358,000 after buying an additional 224,520 shares during the last quarter. Comerica Bank raised its stake in Newpark Resources by 5.3% in the fourth quarter. Comerica Bank now owns 90,358 shares of the oil and gas company’s stock worth $714,000 after buying an additional 4,581 shares during the last quarter. Alpha Windward LLC acquired a new stake in Newpark Resources during the second quarter worth about $410,000. Finally, Louisiana State Employees Retirement System raised its stake in Newpark Resources by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 34,500 shares of the oil and gas company’s stock worth $279,000 after buying an additional 500 shares during the last quarter.
Shares of Newpark Resources, Inc. (NR) traded up 1.34% during midday trading on Friday, hitting $7.55. 1,006,197 shares of the company were exchanged. Newpark Resources, Inc. has a 52-week low of $5.80 and a 52-week high of $8.75. The stock’s market capitalization is $646.34 million. The company has a 50-day moving average price of $7.69 and a 200-day moving average price of $7.63.
Newpark Resources (NYSE:NR) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $183 million during 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 firm’s quarterly revenue was up 58.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) EPS. On average, analysts forecast that Newpark Resources, Inc. will post $0.09 EPS for the current year.
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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Newpark Resources from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. BidaskClub raised shares of Newpark Resources from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. Finally, Loop Capital reissued a “buy” rating on shares of Newpark Resources in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.63.
In related news, VP Matthew Lanigan sold 40,771 shares of Newpark Resources stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $8.46, for a total transaction of $344,922.66. Following the completion of the sale, the vice president now owns 50,000 shares in the company, valued at approximately $423,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David C. Anderson sold 15,124 shares of Newpark Resources stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $7.35, for a total value of $111,161.40. Following the completion of the sale, the director now owns 187,841 shares of the company’s stock, valued at approximately $1,380,631.35. The disclosure for this sale can be found here. Company insiders own 4.70% of the company’s stock.
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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