ClariVest Asset Management LLC Acquires 4,645 Shares of Newpark Resources, Inc. (NYSE:NR)

ClariVest Asset Management LLC lifted its holdings in shares of Newpark Resources, Inc. (NYSE:NR) by 2.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 166,141 shares of the oil and gas company’s stock after acquiring an additional 4,645 shares during the period. ClariVest Asset Management LLC owned approximately 0.19% of Newpark Resources worth $1,381,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. CWM LLC boosted its holdings in Newpark Resources by 495.4% during the first quarter. CWM LLC now owns 4,537 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 3,775 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of Newpark Resources in the 1st quarter worth approximately $50,000. Fortitude Family Office LLC lifted its position in shares of Newpark Resources by 179.1% during the 1st quarter. Fortitude Family Office LLC now owns 7,404 shares of the oil and gas company’s stock worth $53,000 after buying an additional 4,751 shares during the period. National Bank of Canada FI acquired a new stake in Newpark Resources in the 4th quarter valued at $59,000. Finally, Victory Capital Management Inc. acquired a new stake in Newpark Resources in the 4th quarter valued at $67,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Newpark Resources Stock Performance

Shares of NYSE:NR opened at $7.07 on Thursday. The business has a fifty day moving average of $7.83 and a 200-day moving average of $7.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.61 and a current ratio of 2.61. Newpark Resources, Inc. has a twelve month low of $5.61 and a twelve month high of $8.65. The firm has a market cap of $602.38 million, a PE ratio of 39.28 and a beta of 2.87.

Newpark Resources (NYSE:NR) last posted its quarterly earnings data on Monday, August 5th. The oil and gas company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. Newpark Resources had a net margin of 3.15% and a return on equity of 7.49%. The firm had revenue of $179.01 million during the quarter, compared to analysts’ expectations of $171.04 million. During the same quarter last year, the company posted $0.08 EPS. On average, equities research analysts predict that Newpark Resources, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NR shares. HC Wainwright reissued a “buy” rating and set a $12.00 price objective on shares of Newpark Resources in a report on Wednesday, August 7th. StockNews.com downgraded shares of Newpark Resources from a “buy” rating to a “hold” rating in a report on Saturday, September 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Newpark Resources Company Profile

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.