Newpark Resources (NYSE:NR) Now Covered by StockNews.com

StockNews.com began coverage on shares of Newpark Resources (NYSE:NR) in a report released on Sunday. The firm issued a hold rating on the oil and gas company’s stock.

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

Newpark Resources Price Performance

Newpark Resources has a twelve month low of $5.61 and a twelve month high of $8.65. The stock has a market cap of $627.10 million, a PE ratio of 27.89 and a beta of 2.92. The company has a 50-day moving average of $7.41 and a two-hundred day moving average of $7.63. The company has a current ratio of 2.29, a quick ratio of 2.00 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On Newpark Resources

A number of institutional investors and hedge funds have recently modified their holdings of NR. Ground Swell Capital LLC purchased a new stake in Newpark Resources in the second quarter valued at $91,000. EP Wealth Advisors LLC acquired a new stake in shares of Newpark Resources during the third quarter worth about $96,000. Captrust Financial Advisors lifted its holdings in shares of Newpark Resources by 10.8% in 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 last quarter. SG Americas Securities LLC acquired a new stake in shares of Newpark Resources in the 3rd quarter valued at about $116,000. Finally, CWM LLC grew its stake in Newpark Resources by 79.3% during the 3rd quarter. CWM LLC now owns 17,443 shares of the oil and gas company’s stock worth $121,000 after buying an additional 7,713 shares during the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

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.