Newpark Resources, Inc. (NR) Director David C. Anderson Sells 17,000 Shares
Newpark Resources, Inc. (NYSE:NR) Director David C. Anderson sold 17,000 shares of Newpark Resources stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $8.91, for a total transaction of $151,470.00. Following the sale, the director now directly owns 170,841 shares of the company’s stock, valued at approximately $1,522,193.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Newpark Resources, Inc. (NYSE:NR) traded down $0.65 on Wednesday, reaching $8.75. 403,800 shares of the company’s stock were exchanged, compared to its average volume of 706,911. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.71 and a quick ratio of 1.96. Newpark Resources, Inc. has a 12-month low of $6.25 and a 12-month high of $10.20.
Newpark Resources (NYSE:NR) last released its earnings results on Monday, October 30th. The oil and gas company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Newpark Resources had a negative return on equity of 0.29% and a net margin of 0.48%. The business had revenue of $201.70 million for the quarter, compared to analyst estimates of $192.57 million. During the same period in the prior year, the firm posted ($0.16) EPS. Newpark Resources’s revenue was up 92.8% on a year-over-year basis. equities analysts expect that Newpark Resources, Inc. will post 0.06 EPS for the current year.
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Several hedge funds have recently made changes to their positions in NR. BlueCrest Capital Management Ltd acquired a new position in shares of Newpark Resources in the 2nd quarter valued at $100,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Newpark Resources in the 3rd quarter valued at $114,000. State of Alaska Department of Revenue grew its holdings in shares of Newpark Resources by 86.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 17,414 shares of the oil and gas company’s stock valued at $127,000 after buying an additional 8,064 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of Newpark Resources by 24.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,797 shares of the oil and gas company’s stock valued at $138,000 after buying an additional 3,730 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Newpark Resources in the 2nd quarter valued at $141,000.
A number of research firms have commented on NR. Cowen and Company set a $9.00 target price on shares of Newpark Resources and gave the stock a “hold” rating in a report on Friday, October 6th. Zacks Investment Research lowered shares of Newpark Resources from a “buy” rating to a “hold” rating in a report on Saturday. SunTrust Banks, Inc. raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, BidaskClub raised shares of Newpark Resources from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $9.80.
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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