Newpark Resources (NYSE:NR) Earns Hold Rating from Analysts at StockNews.com

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

Separately, HC Wainwright reissued a “buy” rating and set 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Newpark Resources Stock Performance

The business’s 50-day moving average is $7.41 and its 200-day moving average is $7.63. 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 debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00. Newpark Resources has a 1-year low of $5.61 and a 1-year high of $8.65.

Hedge Funds Weigh In On Newpark Resources

A number of institutional investors have recently added to or reduced their stakes in NR. EP Wealth Advisors LLC bought a new position in Newpark Resources in the 3rd quarter worth about $96,000. Captrust Financial Advisors increased its position in shares of 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 last quarter. SG Americas Securities LLC bought a new position in shares of Newpark Resources during the 3rd quarter valued at about $116,000. CWM LLC increased its position in shares of Newpark Resources by 79.3% during the 3rd quarter. CWM LLC now owns 17,443 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 7,713 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Newpark Resources by 68.1% during the 3rd quarter. GSA Capital Partners LLP now owns 17,618 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 7,140 shares during the last quarter. 80.81% of the stock is currently owned by institutional investors.

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.