SG Americas Securities LLC Invests $116,000 in Newpark Resources, Inc. (NYSE:NR)

SG Americas Securities LLC acquired a new position in shares of Newpark Resources, Inc. (NYSE:NR) in the third quarter, HoldingsChannel reports. The fund acquired 16,747 shares of the oil and gas company’s stock, valued at approximately $116,000.

Other institutional investors have also made changes to their positions in the company. Perigon Wealth Management LLC acquired a new stake in shares of Newpark Resources during the first quarter worth $73,000. CWM LLC grew its stake in shares of 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 purchasing an additional 5,193 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Newpark Resources during the first quarter worth $86,000. Ground Swell Capital LLC acquired a new stake in shares of Newpark Resources during the second quarter worth $91,000. Finally, Catalina Capital Group LLC acquired a new stake in shares of Newpark Resources during the first quarter worth $93,000. 80.81% of the stock is owned by institutional investors and hedge funds.

Newpark Resources Trading Up 0.4 %

Shares of NR stock opened at $6.78 on Friday. The stock’s fifty day moving average price is $7.36 and its two-hundred day moving average price is $7.62. The company has a market cap of $577.67 million, a PE ratio of 37.67 and a beta of 2.86. Newpark Resources, Inc. has a fifty-two week low of $5.61 and a fifty-two week high of $8.65. 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 (NYSE:NR) last announced its quarterly earnings results on Monday, August 5th. The oil and gas company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. Newpark Resources had a return on equity of 7.49% and a net margin of 3.15%. The company had revenue of $179.01 million during the quarter, compared to analysts’ expectations of $171.04 million. During the same period in the prior year, the company earned $0.08 EPS. Equities analysts predict that Newpark Resources, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com cut Newpark Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 23rd. HC Wainwright reaffirmed a “buy” rating and set a $12.00 price objective on shares of Newpark Resources in a research report on Thursday, September 19th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Newpark Resources presently has an average rating of “Moderate Buy” and a consensus target price 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.