G Stephen Finley Sells 11,300 Shares of Newpark Resources, Inc. (NR) Stock
Newpark Resources, Inc. (NYSE:NR) Director G Stephen Finley sold 11,300 shares of Newpark Resources stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $8.79, for a total transaction of $99,327.00. Following the completion of the sale, the director now owns 192,658 shares in the company, valued at $1,693,463.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
G Stephen Finley also recently made the following trade(s):
- On Monday, November 27th, G Stephen Finley sold 2,000 shares of Newpark Resources stock. The shares were sold at an average price of $8.83, for a total transaction of $17,660.00.
Newpark Resources, Inc. (NR) traded up $0.10 during trading on Friday, reaching $8.95. 294,114 shares of the company’s stock traded hands, compared to its average volume of 462,829. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.96 and a current ratio of 2.71. Newpark Resources, Inc. has a 52-week low of $6.40 and a 52-week 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 the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The company had revenue of $201.70 million for the quarter, compared to analyst estimates of $192.57 million. Newpark Resources had a net margin of 0.48% and a negative return on equity of 0.29%. The firm’s quarterly revenue was up 92.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.16) EPS. research analysts forecast that Newpark Resources, Inc. will post 0.06 earnings per share for the current year.
Several brokerages recently weighed in on NR. Zacks Investment Research upgraded 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 report on Tuesday, October 24th. BidaskClub cut shares of Newpark Resources from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. SunTrust Banks raised shares of Newpark Resources from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Cowen set a $9.00 target price on shares of Newpark Resources and gave the company a “hold” rating in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Newpark Resources currently has an average rating of “Hold” and a consensus price target of $10.25.
Institutional investors have recently added to or reduced their stakes in the business. BlueCrest Capital Management Ltd acquired a new position in Newpark Resources during the 2nd quarter valued at about $100,000. GSA Capital Partners LLP acquired a new position in shares of Newpark Resources in the 3rd quarter worth approximately $113,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Newpark Resources in the 3rd quarter worth approximately $114,000. State of Alaska Department of Revenue grew its stake 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 worth $127,000 after purchasing an additional 8,064 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake 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 worth $138,000 after purchasing an additional 3,730 shares during the last quarter.
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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.
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