Newpark Resources (NYSE:NR) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Newpark Resources (NYSE:NR) in a report published on Tuesday. The brokerage issued a hold rating on the oil and gas company’s stock.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price target on shares of Newpark Resources in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Newpark Resources currently has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Newpark Resources Price Performance

Newpark Resources has a 52 week low of $5.61 and a 52 week high of $8.65. The firm has a market cap of $627.10 million, a PE ratio of 27.89 and a beta of 2.92. The stock has a 50-day simple moving average of $7.41 and a 200 day simple moving average of $7.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00.

Institutional Investors Weigh In On Newpark Resources

Hedge funds have recently made changes to their positions in the company. EP Wealth Advisors LLC acquired a new stake in Newpark Resources during the 3rd quarter worth about $96,000. Captrust Financial Advisors increased its holdings in shares of Newpark Resources by 10.8% in the 3rd quarter. Captrust Financial Advisors now owns 14,624 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 1,430 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Newpark Resources in the third quarter worth approximately $116,000. CWM LLC boosted its holdings in shares of Newpark Resources by 79.3% during the third quarter. CWM LLC now owns 17,443 shares of the oil and gas company’s stock worth $121,000 after purchasing an additional 7,713 shares during the period. Finally, GSA Capital Partners LLP grew its position in 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 valued at $122,000 after purchasing an additional 7,140 shares in the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.

About Newpark Resources

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.