Newpark Resources Inc (NYSE:NR) EVP Bruce Campbell Smith sold 43,750 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were 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 of the company’s stock, valued at approximately $2,481,218.74. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Newpark Resources Inc (NR) traded up $0.10 during midday trading on Friday, reaching $8.60. 162,510 shares of the company’s stock traded hands, 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 1-year low of $6.40 and a 1-year high of $10.20.
Newpark Resources (NYSE:NR) last issued its quarterly earnings results on Thursday, February 8th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The company had revenue of $204.40 million during the quarter, compared to analyst estimates of $202.55 million. Newpark Resources had a negative net margin of 0.82% and a positive return on equity of 1.59%. Newpark Resources’s revenue was up 49.1% on a year-over-year basis. research analysts expect that Newpark Resources Inc will post 0.4 EPS for the current year.
Several institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund increased its stake in shares of 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 acquiring an additional 1,899 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in Newpark Resources by 24.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,797 shares of the oil and gas company’s stock valued at $138,000 after purchasing an additional 3,730 shares during the last quarter. Voya Investment Management LLC grew its position in Newpark Resources by 9.9% during 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 during the last quarter. Heartland Advisors Inc. grew its position in Newpark Resources by 0.7% during the 4th quarter. Heartland Advisors Inc. now owns 808,880 shares of the oil and gas company’s stock valued at $6,956,000 after purchasing an additional 5,804 shares during the last quarter. Finally, Aperio Group LLC grew its position in Newpark Resources by 19.5% during the 3rd quarter. Aperio Group LLC now owns 41,559 shares of the oil and gas company’s stock valued at $416,000 after purchasing an additional 6,778 shares during the last quarter.
A number of research firms recently commented on NR. SunTrust Banks upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research lowered shares of Newpark Resources from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. Cowen set a $10.00 price target on shares of Newpark Resources and gave the company a “hold” rating in a report on Thursday, January 11th. Finally, ValuEngine lowered shares of Newpark Resources from a “hold” rating to a “sell” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average 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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