New York State Common Retirement Fund raised its holdings in Newpark Resources, Inc. (NYSE:NR) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,600 shares of the company’s stock after purchasing an additional 1,899 shares during the period. New York State Common Retirement Fund owned 0.09% of Newpark Resources worth $578,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Thrivent Financial For Lutherans lifted its stake in shares of Newpark Resources by 298.5% during the second quarter. Thrivent Financial For Lutherans now owns 196,289 shares of the company’s stock valued at $1,443,000 after buying an additional 147,029 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Newpark Resources by 4.8% during the second quarter. Ameriprise Financial Inc. now owns 577,151 shares of the company’s stock valued at $4,245,000 after buying an additional 26,342 shares during the period. Teachers Advisors LLC lifted its stake in shares of Newpark Resources by 12.1% during the second quarter. Teachers Advisors LLC now owns 1,473,951 shares of the company’s stock valued at $10,834,000 after buying an additional 159,017 shares during the period. Chicago Equity Partners LLC purchased a new position in shares of Newpark Resources during the second quarter valued at approximately $1,041,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Newpark Resources by 5.0% during the second quarter. Principal Financial Group Inc. now owns 692,789 shares of the company’s stock valued at $5,092,000 after buying an additional 32,887 shares during the period.

Several equities analysts recently issued reports on NR shares. SunTrust Banks, Inc. raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Newpark Resources from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, October 24th. Cowen and Company set a $9.00 price objective on shares of Newpark Resources and gave the company a “hold” rating in a research note on Friday, October 6th. Finally, BidaskClub downgraded shares of Newpark Resources from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Newpark Resources presently has a consensus rating of “Hold” and a consensus target price of C$9.80.

Newpark Resources, Inc. (NYSE NR) opened at C$9.65 on Friday. Newpark Resources, Inc. has a 52-week low of C$6.25 and a 52-week high of C$10.20. The company has a quick ratio of 1.96, a current ratio of 2.71 and a debt-to-equity ratio of 0.27.

Newpark Resources (NYSE:NR) last issued its quarterly earnings results on Monday, October 30th. The company reported C$0.03 EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.01). Newpark Resources had a negative return on equity of 0.29% and a net margin of 0.48%. The company had revenue of C$201.70 million for the quarter, compared to analyst estimates of C$192.57 million. During the same period last year, the company posted ($0.16) EPS. The business’s revenue for the quarter was up 92.8% on a year-over-year basis. sell-side analysts expect that Newpark Resources, Inc. will post 0.06 earnings per share for the current fiscal year.

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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.

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

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