Newpark Resources, Inc. (NYSE:NR) Given Average Recommendation of “Buy” by Analysts

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

NR has been the topic of a number of recent research reports. StockNews.com cut Newpark Resources from a “buy” rating to a “hold” rating in a research note 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 report on Monday, November 11th.

Newpark Resources Price Performance

Shares of Newpark Resources stock opened at $7.92 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.29. Newpark Resources has a 52-week low of $5.61 and a 52-week high of $8.65. The company has a fifty day moving average of $7.09 and a 200-day moving average of $7.60. The stock has a market capitalization of $685.08 million, a price-to-earnings ratio of -4.25 and a beta of 2.87.

Institutional Investors Weigh In On Newpark Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NR. CWM LLC lifted its holdings 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 valued at $81,000 after purchasing an additional 5,193 shares during the last quarter. Ground Swell Capital LLC purchased a new position in Newpark Resources during the second quarter valued at $91,000. EP Wealth Advisors LLC bought a new stake in Newpark Resources in the third quarter worth $96,000. Captrust Financial Advisors grew its stake in shares of Newpark Resources by 10.8% in the third quarter. Captrust Financial Advisors now owns 14,624 shares of the oil and gas company’s stock worth $101,000 after acquiring an additional 1,430 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Newpark Resources during the third quarter valued at $116,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

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.