Captrust Financial Advisors Boosts Stake in Newpark Resources, Inc. (NYSE:NR)

Captrust Financial Advisors lifted its stake in shares of Newpark Resources, Inc. (NYSE:NR) by 10.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,624 shares of the oil and gas company’s stock after purchasing an additional 1,430 shares during the period. Captrust Financial Advisors’ holdings in Newpark Resources were worth $101,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. CWM LLC raised its stake in Newpark Resources by 114.5% during the second quarter. CWM LLC now owns 9,730 shares of the oil and gas company’s stock worth $81,000 after acquiring an additional 5,193 shares during the period. Ground Swell Capital LLC acquired a new position in shares of Newpark Resources during the second quarter valued at approximately $91,000. SG Americas Securities LLC acquired a new position in shares of Newpark Resources during the third quarter valued at approximately $116,000. Catalina Capital Group LLC increased its stake in shares of Newpark Resources by 10.6% during the second quarter. Catalina Capital Group LLC now owns 14,241 shares of the oil and gas company’s stock valued at $118,000 after acquiring an additional 1,360 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in Newpark Resources by 68.1% during the third quarter. GSA Capital Partners LLP now owns 17,618 shares of the oil and gas company’s stock worth $122,000 after buying an additional 7,140 shares in the last quarter. Institutional investors own 80.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NR. StockNews.com cut shares of Newpark Resources from a “buy” rating to a “hold” rating in a 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 report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Newpark Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Newpark Resources Stock Down 0.9 %

NR stock opened at $7.67 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 2.00 and a debt-to-equity ratio of 0.02. Newpark Resources, Inc. has a 1 year low of $5.61 and a 1 year high of $8.65. The company has a fifty day simple moving average of $7.38 and a 200 day simple moving average of $7.64. The firm has a market cap of $663.43 million, a PE ratio of -4.26 and a beta of 2.92.

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.