Susquehanna International Group LLP reduced its stake in Newpark Resources, Inc. (NYSE:NR) by 38.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 23,165 shares of the oil and gas company’s stock after selling 14,591 shares during the quarter. Susquehanna International Group LLP’s holdings in Newpark Resources were worth $44,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Citigroup Inc. increased its position in shares of Newpark Resources by 228.7% during the fourth quarter. Citigroup Inc. now owns 18,362 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 12,776 shares during the period. ProShare Advisors LLC raised its holdings in Newpark Resources by 58.7% in the fourth quarter. ProShare Advisors LLC now owns 19,890 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 7,356 shares in the last quarter. Credit Suisse AG raised its holdings in Newpark Resources by 66.2% in the fourth quarter. Credit Suisse AG now owns 26,380 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 10,503 shares in the last quarter. Virtu Financial LLC bought a new position in Newpark Resources in the third quarter worth $30,000. Finally, Cubist Systematic Strategies LLC raised its holdings in Newpark Resources by 150.2% in the third quarter. Cubist Systematic Strategies LLC now owns 32,537 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 19,531 shares in the last quarter. 82.16% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research downgraded Newpark Resources from a “buy” rating to a “hold” rating in a report on Wednesday, April 14th.

Shares of NYSE:NR opened at $3.01 on Wednesday. The stock has a market capitalization of $273.78 million, a price-to-earnings ratio of -3.42 and a beta of 3.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.88 and a current ratio of 3.65. The stock’s 50-day simple moving average is $3.41 and its two-hundred day simple moving average is $2.30. Newpark Resources, Inc. has a 52-week low of $0.70 and a 52-week high of $4.08.

Newpark Resources (NYSE:NR) last issued its earnings results on Thursday, February 11th. The oil and gas company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. The business had revenue of $129.71 million during the quarter, compared to analysts’ expectations of $121.50 million. Newpark Resources had a negative return on equity of 9.36% and a negative net margin of 14.37%. As a group, equities analysts forecast that Newpark Resources, Inc. will post -0.63 earnings per share for the current fiscal year.

Newpark Resources Company Profile

Newpark Resources, Inc supplies products, as well as rentals and services primarily to the oil and natural gas exploration and production industry. The company operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as certain countries in Asia Pacific and Latin America.

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

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