Newpark Resources Inc (NR) EVP Sells $370,562.50 in Stock

Newpark Resources Inc (NYSE:NR) EVP Bruce Campbell Smith sold 43,750 shares of Newpark Resources stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $8.47, for a total transaction of $370,562.50. Following the completion of the sale, the executive vice president now directly owns 292,942 shares in the company, valued at approximately $2,481,218.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Newpark Resources Inc (NR) traded up $0.10 during trading on Friday, reaching $8.60. 162,510 shares of the company were exchanged, compared to its average volume of 436,799. The company has a quick ratio of 2.14, a current ratio of 3.19 and a debt-to-equity ratio of 0.29. The company has a market cap of $749.33, a price-to-earnings ratio of 84.00 and a beta of 1.54. Newpark Resources Inc has a twelve month low of $6.40 and a twelve month high of $10.20.

Newpark Resources (NYSE:NR) last released its quarterly earnings results on Thursday, February 8th. The oil and gas company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03. Newpark Resources had a negative net margin of 0.82% and a positive return on equity of 1.59%. The business had revenue of $204.40 million during the quarter, compared to analysts’ expectations of $202.55 million. The company’s quarterly revenue was up 49.1% on a year-over-year basis. research analysts anticipate that Newpark Resources Inc will post 0.4 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in NR. Ameriprise Financial Inc. grew its stake in Newpark Resources by 4.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 577,151 shares of the oil and gas company’s stock worth $4,245,000 after buying an additional 26,342 shares in the last quarter. New York State Common Retirement Fund grew its stake in Newpark Resources by 2.5% in the 2nd quarter. New York State Common Retirement Fund now owns 78,600 shares of the oil and gas company’s stock worth $578,000 after buying an additional 1,899 shares in the last quarter. Vanguard Group Inc. grew its stake in Newpark Resources by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 7,791,303 shares of the oil and gas company’s stock worth $57,266,000 after buying an additional 393,328 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Newpark Resources by 9.9% in the 2nd quarter. Voya Investment Management LLC now owns 43,922 shares of the oil and gas company’s stock valued at $323,000 after purchasing an additional 3,958 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Newpark Resources by 0.3% in the 2nd quarter. State Street Corp now owns 2,430,413 shares of the oil and gas company’s stock valued at $17,865,000 after purchasing an additional 7,278 shares in the last quarter.

Several analysts have recently issued reports on NR shares. ValuEngine lowered shares of Newpark Resources from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. Zacks Investment Research raised shares of Newpark Resources from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Cowen set a $10.00 target price on shares of Newpark Resources and gave the stock a “hold” rating in a report on Thursday, January 11th. Finally, SunTrust Banks raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $10.50.

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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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