Newpark Resources, Inc. (NYSE:NR) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in shares of Newpark Resources, Inc. (NYSE:NR) by 3.4% during the third quarter, HoldingsChannel reports. The fund owned 126,977 shares of the oil and gas company’s stock after acquiring an additional 4,187 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Newpark Resources were worth $880,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NR. Russell Investments Group Ltd. boosted its holdings in Newpark Resources by 210.2% in the 1st quarter. Russell Investments Group Ltd. now owns 516,427 shares of the oil and gas company’s stock valued at $3,729,000 after purchasing an additional 349,935 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Newpark Resources by 8.1% in the 1st quarter. Bleakley Financial Group LLC now owns 21,466 shares of the oil and gas company’s stock valued at $155,000 after buying an additional 1,604 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Newpark Resources by 161.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 322,326 shares of the oil and gas company’s stock valued at $2,327,000 after buying an additional 199,066 shares in the last quarter. Roubaix Capital LLC grew its holdings in Newpark Resources by 43.7% during the first quarter. Roubaix Capital LLC now owns 622,965 shares of the oil and gas company’s stock worth $4,498,000 after acquiring an additional 189,333 shares during the period. Finally, CANADA LIFE ASSURANCE Co purchased a new position in Newpark Resources in the first quarter worth $378,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

Newpark Resources Stock Down 1.8 %

NR opened at $6.99 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29. The company has a market cap of $604.64 million, a price-to-earnings ratio of -3.82 and a beta of 2.87. Newpark Resources, Inc. has a one year low of $5.61 and a one year high of $8.65. The business’s fifty day moving average is $7.07 and its two-hundred day moving average is $7.59.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NR. HC Wainwright restated a “buy” rating and set a $12.00 target price on shares of Newpark Resources in a research report on Monday, November 11th. StockNews.com cut shares of Newpark Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Newpark Resources 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.