Captrust Financial Advisors Has $101,000 Stake in Newpark Resources, Inc. (NYSE:NR)

Captrust Financial Advisors grew its stake in shares of Newpark Resources, Inc. (NYSE:NR) by 10.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 14,624 shares of the oil and gas company’s stock after buying an additional 1,430 shares during the period. Captrust Financial Advisors’ holdings in Newpark Resources were worth $101,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NR. CWM LLC increased its stake in Newpark Resources by 114.5% in the second quarter. CWM LLC now owns 9,730 shares of the oil and gas company’s stock valued at $81,000 after acquiring an additional 5,193 shares during the period. Ground Swell Capital LLC bought a new stake in Newpark Resources during the second quarter worth about $91,000. SG Americas Securities LLC acquired a new position in shares of Newpark Resources during the third quarter worth approximately $116,000. Catalina Capital Group LLC lifted its position in shares of Newpark Resources by 10.6% during the second quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock worth $118,000 after purchasing an additional 1,360 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Newpark Resources by 68.1% during the third quarter. GSA Capital Partners LLP now owns 17,618 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 7,140 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Newpark Resources from a “buy” rating to a “hold” rating in a report on Monday, September 23rd. HC Wainwright reissued a “buy” rating and set a $12.00 price objective on shares of Newpark Resources in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Newpark Resources Stock Down 0.9 %

Newpark Resources stock opened at $7.67 on Tuesday. The company has a market cap of $663.43 million, a P/E ratio of -4.26 and a beta of 2.92. Newpark Resources, Inc. has a 1-year low of $5.61 and a 1-year high of $8.65. The company has a fifty day simple moving average of $7.38 and a 200 day simple moving average of $7.64. The company has a current ratio of 2.29, a quick ratio of 2.00 and a debt-to-equity ratio of 0.02.

Newpark Resources 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.