Newpark Resources, Inc. (NR) Position Held by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. held its position in shares of Newpark Resources, Inc. (NYSE:NR) during the first quarter, Holdings Channel reports. The institutional investor owned 32,510 shares of the oil and gas company’s stock at the end of the first quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Newpark Resources were worth $263,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Newpark Resources by 3.0% in the first quarter. Bank of Montreal Can now owns 219,147 shares of the oil and gas company’s stock valued at $1,775,000 after buying an additional 6,416 shares in the last quarter. GW&K Investment Management LLC boosted its position in shares of 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 in the last quarter. Foundry Partners LLC boosted its position in shares of Newpark Resources by 0.7% in the first quarter. Foundry Partners LLC now owns 531,190 shares of the oil and gas company’s stock valued at $4,303,000 after buying an additional 3,525 shares in the last quarter. Norges Bank acquired a new position in shares of Newpark Resources during the fourth quarter valued at $10,393,000. Finally, Miles Capital Inc. boosted its position in shares of 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 in the last quarter. 95.97% of the stock is owned by institutional investors.
Shares of Newpark Resources, Inc. (NR) opened at 7.40 on Tuesday. Newpark Resources, Inc. has a 12-month low of $5.08 and a 12-month high of $8.75. The stock has a 50 day moving average price of $7.63 and a 200 day moving average price of $7.71. The firm’s market cap is $657.47 million.
Newpark Resources (NYSE:NR) last announced its quarterly earnings data 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 firm had revenue of $158.70 million during 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%. The business’s revenue for the quarter was up 38.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.16) EPS. On average, equities analysts expect that Newpark Resources, Inc. will post $0.06 earnings per share for the current year.
Separately, Zacks Investment Research raised Newpark Resources from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a report 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 company currently has an average rating of “Buy” and an average price target of $25.63.
In other Newpark Resources news, Director David C. Anderson sold 15,124 shares of the company’s stock in a transaction on 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 owns 187,841 shares in the company, valued at approximately $1,380,631.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gregg Piontek sold 34,372 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $8.04, for a total value of $276,350.88. Following the transaction, the vice president now directly owns 114,308 shares in the company, valued at approximately $919,036.32. The disclosure for this sale can be found here. Insiders sold a total of 293,048 shares of company stock valued at $2,341,186 in the last 90 days. Corporate insiders own 4.70% of the company’s stock.
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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