Brokerages Set Newpark Resources, Inc. (NYSE:NR) PT at $11.00

Newpark Resources, Inc. (NYSE:NR) has received a consensus rating of “Buy” from the four brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $11.00.

A number of equities analysts have weighed in on the company. StockNews.com lowered Newpark Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 23rd. HC Wainwright reissued a “buy” rating and set a $12.00 price target on shares of Newpark Resources in a research report on Monday, November 11th.

Newpark Resources Trading Down 2.5 %

NR opened at $7.74 on Friday. The firm has a market capitalization of $669.49 million, a price-to-earnings ratio of -4.23 and a beta of 2.92. The company’s 50 day simple moving average is $7.38 and its two-hundred day simple moving average is $7.64. Newpark Resources has a 1-year low of $5.61 and a 1-year high of $8.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.29 and a quick ratio of 2.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NR. CWM LLC raised its stake in shares of Newpark Resources by 114.5% in the second quarter. CWM LLC now owns 9,730 shares of the oil and gas company’s stock valued at $81,000 after acquiring an additional 5,193 shares in the last quarter. Ground Swell Capital LLC purchased a new position in Newpark Resources in the second quarter worth approximately $91,000. EP Wealth Advisors LLC acquired a new position in Newpark Resources during the 3rd quarter worth approximately $96,000. Catalina Capital Group LLC increased its position 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 last quarter. Finally, Captrust Financial Advisors raised 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 in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

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.