Public Employees Retirement Association of Colorado held its position in shares of Newpark Resources, Inc. (NYSE:NR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,670 shares of the oil and gas company’s stock at the end of the first quarter. Public Employees Retirement Association of Colorado’s holdings in Newpark Resources were worth $232,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of NR. GW&K Investment Management LLC increased its stake in Newpark Resources by 16.5% in the first quarter. GW&K Investment Management LLC now owns 13,240 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 1,880 shares during the period. Everence Capital Management Inc. bought a new stake in Newpark Resources during the first quarter valued at about $135,000. Trexquant Investment LP increased its stake in Newpark Resources by 57.6% in the fourth quarter. Trexquant Investment LP now owns 25,278 shares of the oil and gas company’s stock valued at $190,000 after buying an additional 9,234 shares during the period. Miles Capital Inc. increased its stake in Newpark Resources by 7.3% in the fourth quarter. Miles Capital Inc. now owns 26,469 shares of the oil and gas company’s stock valued at $199,000 after buying an additional 1,799 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Newpark Resources by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 34,500 shares of the oil and gas company’s stock valued at $279,000 after buying an additional 500 shares during the period. 95.97% of the stock is currently owned by institutional investors.
Shares of Newpark Resources, Inc. (NYSE:NR) opened at 7.30 on Friday. The stock’s 50 day moving average price is $7.64 and its 200 day moving average price is $7.70. The company’s market cap is $648.58 million. Newpark Resources, Inc. has a 1-year low of $5.08 and a 1-year high of $8.75.
Newpark Resources (NYSE:NR) last released its earnings results on Thursday, April 27th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $158.70 million for the quarter, compared to the consensus estimate of $150.48 million. Newpark Resources had a negative return on equity of 4.34% and a negative net margin of 5.51%. Newpark Resources’s quarterly revenue was up 38.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.16) earnings per share. Equities research analysts forecast that Newpark Resources, Inc. will post $0.06 earnings per share for the current year.
Separately, Zacks Investment Research upgraded Newpark Resources from a “hold” rating to a “buy” rating and set a $8.75 price target 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 stock. Newpark Resources has a consensus rating of “Buy” and an average price target of $25.63.
In related news, insider Paul L. Howes sold 141,140 shares of Newpark Resources stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $7.95, for a total value of $1,122,063.00. Following the sale, the insider now owns 502,625 shares of the company’s stock, valued at $3,995,868.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David C. Anderson sold 15,124 shares of Newpark Resources stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $7.35, for a total value of $111,161.40. Following the completion of the sale, the director now directly owns 187,841 shares in the company, valued at approximately $1,380,631.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 293,048 shares of company stock worth $2,341,186. 4.70% of the stock is owned by company 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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