Semanteon Capital Management LP Takes Position in Newpark Resources, Inc. (NYSE:NR)

Semanteon Capital Management LP acquired a new stake in Newpark Resources, Inc. (NYSE:NR) in the 4th quarter, HoldingsChannel reports. The fund acquired 86,554 shares of the oil and gas company’s stock, valued at approximately $575,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dorsey Wright & Associates purchased a new position in shares of Newpark Resources in the 3rd quarter valued at about $32,000. GAMMA Investing LLC purchased a new position in shares of Newpark Resources in the 4th quarter valued at about $49,000. Principal Financial Group Inc. purchased a new position in shares of Newpark Resources in the 3rd quarter valued at about $78,000. Calamos Advisors LLC purchased a new position in shares of Newpark Resources in the 4th quarter valued at about $77,000. Finally, Legato Capital Management LLC purchased a new stake in Newpark Resources during the 4th quarter worth approximately $96,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Analysts Set New Price Targets

NR has been the subject of several research reports. StockNews.com lowered Newpark Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Roth Mkm started coverage on Newpark Resources in a research note on Friday, March 8th. They set a “buy” rating and a $10.00 price objective for the company. B. Riley started coverage on Newpark Resources in a research report on Tuesday, April 9th. They issued a “buy” rating and a $10.00 price target for the company. Roth Capital restated a “buy” rating on shares of Newpark Resources in a research report on Friday, March 8th. Finally, TheStreet lowered Newpark Resources from a “b-” rating to a “c+” rating in a research report on Thursday, January 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.75.

Newpark Resources Price Performance

NR remained flat at $7.28 during trading hours on Friday. The company had a trading volume of 355,048 shares, compared to its average volume of 659,594. Newpark Resources, Inc. has a 12-month low of $3.40 and a 12-month high of $7.84. The stock has a market cap of $619.84 million, a PE ratio of 45.47 and a beta of 2.75. The business has a fifty day moving average of $7.06 and a 200-day moving average of $6.85. The company has a current ratio of 2.62, a quick ratio of 1.59 and a debt-to-equity ratio of 0.14.

Newpark Resources (NYSE:NR) last released its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Newpark Resources had a net margin of 1.94% and a return on equity of 6.53%. The business had revenue of $167.82 million during the quarter, compared to analyst estimates of $170.87 million. Analysts expect that Newpark Resources, Inc. will post 0.3 EPS for the current year.

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.