Newpark Resources, Inc. (NR) Stake Increased by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can boosted its stake in Newpark Resources, Inc. (NYSE:NR) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,947 shares of the oil and gas company’s stock after buying an additional 4,844 shares during the period. Great West Life Assurance Co. Can owned approximately 0.13% of Newpark Resources worth $901,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Monarch Partners Asset Management LLC raised its stake in Newpark Resources by 27.8% in the first quarter. Monarch Partners Asset Management LLC now owns 58,060 shares of the oil and gas company’s stock valued at $470,000 after buying an additional 12,640 shares during the last quarter. Adams Diversified Equity Fund Inc. raised its stake in Newpark Resources by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 102,400 shares of the oil and gas company’s stock valued at $829,000 after buying an additional 2,800 shares during the last quarter. Rockefeller Financial Services Inc. raised its stake in Newpark Resources by 65.5% in the first quarter. Rockefeller Financial Services Inc. now owns 1,370,804 shares of the oil and gas company’s stock valued at $11,104,000 after buying an additional 542,512 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Newpark Resources by 92.3% in the first quarter. Russell Investments Group Ltd. now owns 564,224 shares of the oil and gas company’s stock valued at $4,569,000 after buying an additional 270,863 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in Newpark Resources by 265.2% in the first quarter. Nationwide Fund Advisors now owns 264,590 shares of the oil and gas company’s stock valued at $2,143,000 after buying an additional 192,147 shares during the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Institutional Ownership by Quarter for Newpark Resources (NYSE:NR)

Newpark Resources, Inc. (NYSE:NR) opened at 7.30 on Friday. The company’s market cap is $648.58 million. The company’s 50-day moving average is $7.64 and its 200 day moving average is $7.70. Newpark Resources, Inc. has a 52-week low of $5.08 and a 52-week high of $8.75.

Newpark Resources (NYSE:NR) last issued its earnings results on Thursday, April 27th. The oil and gas company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. Newpark Resources had a negative return on equity of 4.34% and a negative net margin of 5.51%. The business had revenue of $158.70 million during the quarter, compared to analyst estimates of $150.48 million. During the same quarter in the previous year, the firm earned ($0.16) EPS. Newpark Resources’s revenue was up 38.6% on a year-over-year basis. Equities analysts forecast that Newpark Resources, Inc. will post $0.06 earnings per share for the current fiscal year.

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Separately, Zacks Investment Research upgraded shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a research note on Thursday, May 4th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $25.63.

In other Newpark Resources news, VP Gregg Piontek sold 34,372 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $8.04, for a total value of $276,350.88. Following the completion of the transaction, the vice president now owns 114,308 shares of the company’s stock, valued at approximately $919,036.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David C. Anderson sold 15,124 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $7.35, for a total value of $111,161.40. Following the completion of the transaction, the director now directly owns 187,841 shares of the company’s stock, valued at approximately $1,380,631.35. The disclosure for this sale can be found here. In the last three months, insiders sold 293,048 shares of company stock valued at $2,341,186. 4.70% of the stock is owned by insiders.

Newpark Resources Company Profile

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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