Newpark Resources, Inc. (NR) Director G Stephen Finley Sells 7,300 Shares of Stock

Newpark Resources, Inc. (NYSE:NR) Director G Stephen Finley sold 7,300 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $9.08, for a total value of $66,284.00. Following the sale, the director now directly owns 180,358 shares in the company, valued at approximately $1,637,650.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

G Stephen Finley also recently made the following trade(s):

  • On Wednesday, November 29th, G Stephen Finley sold 11,300 shares of Newpark Resources stock. The stock was sold at an average price of $8.79, for a total value of $99,327.00.
  • On Monday, November 27th, G Stephen Finley sold 2,000 shares of Newpark Resources stock. The stock was sold at an average price of $8.83, for a total value of $17,660.00.

Newpark Resources, Inc. (NYSE NR) opened at $9.05 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.71 and a quick ratio of 1.96. Newpark Resources, Inc. has a 12 month low of $6.40 and a 12 month high of $10.20.

Newpark Resources (NYSE:NR) last released its quarterly earnings results on Monday, October 30th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $201.70 million for the quarter, compared to analysts’ expectations of $192.57 million. Newpark Resources had a negative return on equity of 0.29% and a net margin of 0.48%. The company’s quarterly revenue was up 92.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.16) EPS. analysts predict that Newpark Resources, Inc. will post 0.06 earnings per share for the current year.

Several equities research analysts have recently weighed in on NR shares. Zacks Investment Research raised Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Tuesday, October 24th. Cowen set a $9.00 target price on Newpark Resources and gave the stock a “hold” rating in a research report on Friday, October 6th. SunTrust Banks raised Newpark Resources from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, BidaskClub lowered Newpark Resources from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $10.25.

A number of large investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan grew its stake in Newpark Resources by 8.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 21,000 shares of the oil and gas company’s stock worth $154,000 after buying an additional 1,610 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Newpark Resources by 4.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 36,200 shares of the oil and gas company’s stock worth $266,000 after buying an additional 1,700 shares during the last quarter. Brandywine Global Investment Management LLC grew its stake in Newpark Resources by 0.8% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 238,790 shares of the oil and gas company’s stock worth $1,756,000 after buying an additional 1,830 shares during the last quarter. New York State Common Retirement Fund grew its stake in Newpark Resources by 2.5% during 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 during the last quarter. Finally, Arizona State Retirement System grew its stake in Newpark Resources by 5.0% during the 2nd quarter. Arizona State Retirement System now owns 46,371 shares of the oil and gas company’s stock worth $341,000 after buying an additional 2,200 shares during the last quarter.

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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.

Insider Buying and Selling by Quarter for Newpark Resources (NYSE:NR)

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