Newpark Resources (NYSE:NR) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Newpark Resources (NYSE:NR) in a research report report published on Saturday morning. The brokerage issued a hold rating on the oil and gas company’s stock.

Separately, HC Wainwright restated a “buy” rating and set a $12.00 price objective on shares of Newpark Resources in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

Newpark Resources Stock Performance

The stock has a market cap of $627.10 million, a PE ratio of 27.89 and a beta of 2.92. Newpark Resources has a 52 week low of $5.61 and a 52 week high of $8.65. The business’s 50 day moving average price is $7.41 and its 200-day moving average price is $7.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29.

Institutional Investors Weigh In On Newpark Resources

A number of institutional investors and hedge funds have recently bought and sold shares of NR. Ground Swell Capital LLC purchased a new position in shares of Newpark Resources during the second quarter valued at $91,000. EP Wealth Advisors LLC purchased a new position in Newpark Resources during the 3rd quarter valued at about $96,000. Captrust Financial Advisors increased its position in Newpark Resources by 10.8% during the 3rd quarter. Captrust Financial Advisors now owns 14,624 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 1,430 shares during the period. SG Americas Securities LLC bought a new stake in shares of Newpark Resources in the 3rd quarter valued at about $116,000. Finally, CWM LLC lifted its position in shares of Newpark Resources by 79.3% in the 3rd quarter. CWM LLC now owns 17,443 shares of the oil and gas company’s stock worth $121,000 after purchasing an additional 7,713 shares during the period. 80.81% of the stock is owned by institutional investors.

Newpark Resources Company Profile

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It 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 other countries in the Asia Pacific and Latin America.