Dimensional Fund Advisors LP Has $51.56 Million Stock Position in Newpark Resources, Inc. (NYSE:NR)

Dimensional Fund Advisors LP increased its stake in Newpark Resources, Inc. (NYSE:NR) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,204,498 shares of the oil and gas company’s stock after purchasing an additional 10,765 shares during the period. Dimensional Fund Advisors LP owned approximately 7.28% of Newpark Resources worth $51,559,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NR. Catalina Capital Group LLC raised its holdings in shares of Newpark Resources by 10.6% in the 2nd quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock valued at $118,000 after purchasing an additional 1,360 shares during the period. Bleakley Financial Group LLC raised its stake in shares of Newpark Resources by 8.1% during the first quarter. Bleakley Financial Group LLC now owns 21,466 shares of the oil and gas company’s stock valued at $155,000 after acquiring an additional 1,604 shares during the last quarter. Riverwater Partners LLC raised its stake in shares of Newpark Resources by 4.4% during the first quarter. Riverwater Partners LLC now owns 75,254 shares of the oil and gas company’s stock valued at $543,000 after acquiring an additional 3,140 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Newpark Resources by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,521 shares of the oil and gas company’s stock worth $250,000 after buying an additional 3,232 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Newpark Resources by 9.6% during the second quarter. Principal Financial Group Inc. now owns 37,348 shares of the oil and gas company’s stock worth $310,000 after buying an additional 3,270 shares during the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Newpark Resources Price Performance

Shares of Newpark Resources stock opened at $6.92 on Monday. The stock has a market capitalization of $589.60 million, a price-to-earnings ratio of 38.44 and a beta of 2.87. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.61 and a current ratio of 2.61. The company has a fifty day moving average of $7.68 and a 200-day moving average of $7.67. Newpark Resources, Inc. has a 52-week low of $5.61 and a 52-week high of $8.65.

Newpark Resources (NYSE:NR) last announced its quarterly earnings results on Monday, August 5th. The oil and gas company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. The business had revenue of $179.01 million during the quarter, compared to analysts’ expectations of $171.04 million. Newpark Resources had a net margin of 3.15% and a return on equity of 7.49%. During the same quarter in the prior year, the company posted $0.08 EPS. Equities research analysts expect that Newpark Resources, Inc. will post 0.36 EPS for the current year.

Analysts Set New Price Targets

NR has been the subject of several research analyst reports. StockNews.com downgraded shares of Newpark Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 23rd. HC Wainwright reiterated a “buy” rating and issued a $12.00 target price on shares of Newpark Resources in a research note on Thursday, September 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.