Royce & Associates LP Has $15.19 Million Holdings in Newpark Resources, Inc. (NYSE:NR)

Royce & Associates LP increased its stake in shares of Newpark Resources, Inc. (NYSE:NR) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,191,552 shares of the oil and gas company’s stock after purchasing an additional 61,128 shares during the period. Royce & Associates LP’s holdings in Newpark Resources were worth $15,187,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NR. CWM LLC grew its stake in shares of Newpark Resources by 114.5% during the second quarter. CWM LLC now owns 9,730 shares of the oil and gas company’s stock worth $81,000 after purchasing an additional 5,193 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Newpark Resources during the first quarter worth about $86,000. Ground Swell Capital LLC bought a new position in Newpark Resources during the second quarter worth about $91,000. SG Americas Securities LLC bought a new position in Newpark Resources during the third quarter worth about $116,000. Finally, Catalina Capital Group LLC lifted its holdings in Newpark Resources by 10.6% during the second quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 1,360 shares in the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. HC Wainwright reiterated a “buy” rating and set a $12.00 target price on shares of Newpark Resources in a report on Monday, November 11th. StockNews.com lowered Newpark Resources from a “buy” rating to a “hold” rating in a report on Monday, September 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $11.00.

Newpark Resources Stock Performance

Shares of Newpark Resources stock opened at $6.99 on Friday. The firm has a market cap of $604.64 million, a price-to-earnings ratio of -3.82 and a beta of 2.87. The stock’s 50-day moving average is $7.08 and its 200-day moving average is $7.59. Newpark Resources, Inc. has a one year low of $5.61 and a one year high of $8.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00.

About Newpark Resources

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.