Cwm LLC Purchases 7,713 Shares of Newpark Resources, Inc. (NYSE:NR)

Cwm LLC raised its position in shares of Newpark Resources, Inc. (NYSE:NR) by 79.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,443 shares of the oil and gas company’s stock after buying an additional 7,713 shares during the quarter. Cwm LLC’s holdings in Newpark Resources were worth $121,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Perigon Wealth Management LLC acquired a new stake in shares of Newpark Resources in the 1st quarter worth $73,000. Oppenheimer Asset Management Inc. purchased a new stake in Newpark Resources in the first quarter valued at about $86,000. Ground Swell Capital LLC purchased a new stake in Newpark Resources in the second quarter valued at about $91,000. Catalina Capital Group LLC acquired a new stake in Newpark Resources in the first quarter worth about $93,000. Finally, First Bank & Trust purchased a new stake in shares of Newpark Resources during the first quarter worth about $113,000. 80.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NR. StockNews.com lowered shares of Newpark Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 23rd. HC Wainwright restated a “buy” rating and set a $12.00 price target on shares of Newpark Resources in a research note on Thursday, September 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Newpark Resources Stock Up 0.4 %

Shares of NR stock opened at $6.78 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.61 and a current ratio of 2.61. Newpark Resources, Inc. has a fifty-two week low of $5.61 and a fifty-two week high of $8.65. The firm has a market capitalization of $577.67 million, a PE ratio of 37.67 and a beta of 2.86. The stock’s 50-day simple moving average is $7.36 and its 200-day simple moving average is $7.62.

Newpark Resources (NYSE:NR) last posted its quarterly earnings results on Monday, August 5th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. Newpark Resources had a net margin of 3.15% and a return on equity of 7.49%. The company had revenue of $179.01 million during the quarter, compared to analyst estimates of $171.04 million. During the same period last year, the firm posted $0.08 EPS. Equities analysts expect that Newpark Resources, Inc. will post 0.32 earnings per share for the current year.

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.